Thailand's Chearavanont family the 4th-wealthiest dynasty in Asia

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ASIA RICH
Chearavanont family the 4th-wealthiest dynasty in Asia
The Nation


Dhanin

BANGKOK: -- Thailand's Chearavanont family is ranked fourth on the list of Forbes Asia's first-ever ranking of the top 50 Asian business dynasties, with a fortune valued at US$19.9 billion, while South Korea's Lee family, which controls the Samsung Group, tops the list with a combined wealth of $26.6 billion.

The Chearavanont family runs the Charoen Pokphand Group. Today the group is led by co-founder Chia Ek Chor's son Dhanin and the clan's wealth is shared with his three brothers and other relatives. Dhanin's three sons are active in the business and are expected to succeed him.

The inaugural list recognises that family is at the core of Asia's biggest conglomerates and some of its best-known brands. The Lee family of Samsung Group is a good illustration - the group's 2014 revenues were equivalent to 22 per cent of South Korea's gross domestic product. While few dominate to such an extent, many business dynasties hold wide regional sway with their sprawling, cross-border empires.

The latest Forbes list recognises this prominence, and the succession and operational challenges inherent in family businesses. To qualify, a family's wealth and participation in building that fortune has to extend to at least three generations.

Today, Samsung Group, CJ Group, Shinsegae Group and Hansol Group are all run by second- and third-generation Lees. At least 15 relatives run more than 55 businesses, with total sales of $335 billion.

No 2 on the list is the Lee family of Henderson Land Development from Hong Kong with a combined wealth of $24.1 billion. Founder Lee Shau Kee moved to Hong Kong from mainland China's Guangdong province in 1948 and initially traded in precious metals and currencies. He later co-founded Sun Hung Kai with Kwok Tak-Seng (No 5) and Fung King Hey before setting up Henderson Development in 1973. His children Peter, Martin and Margaret have active roles in the business, while a third generation is being groomed for management.

India's Ambani family ranks No 3 on the list. The family has a fortune of $21.5 billion, which includes the wealth of brothers Mukesh and Anil, both of whom inherited most of their father's fortune on his death in 2002 but opted to do business separately. Mukesh's twins - son Akash and daughter Isha - work at and occupy board seats at telecom arm Reliance Jio Infocomm and Reliance Retail. Anil's son Jai Anmol works at Reliance Capital.

Source: http://www.nationmultimedia.com/business/Chearavanont-family-the-4th-wealthiest-dynasty-in--30270470.html


-- The Nation 2015-10-09

[kinmaew]

sure he does well of course with no foreign competition (ie we cant own land or business outright which is necessary in any real competitive market) and the average poor Thai has this drilled into them at birth that this is the best way so tell me poor Thai does this guy knock on your shanty house in Issan or the slums offering any cash?

[DirtyDan]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

[DP25]

sure he does well of course with no foreign competition (ie we cant own land or business outright which is necessary in any real competitive market)

They are actually one of the largest foreign investors in China (they were literally the first foreign investor since the Communist revolution), about half their revenue comes from there. Most people don't know about them cause they don't make shiny gadgets but they are a massive player all over Asia

[lgking]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The number I just recently heard was forty ($40) billion in assets, while the rest of the country should endure under the Buddhist philosophy of a 'sufficiency economy'.

[Thai at Heart]

Why this bloke continues to be allowed to operate with virtually no competition in Thailand, god knows. Meanwhile, farmers have been having such a good time of it over the last 10 years or so, I guess it must all be down to how well CP dominates the market.

[PeVee1st]

Cannot fail to make money with an outright monopoly.

[huangnon]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The number I just recently heard was forty ($40) billion in assets, while the rest of the country should endure under the Buddhist philosophy of a 'sufficiency economy'.

Yup. The Crown Property Bureau, and it's shining light own it all.

[Ulic]

I think much of the wealth is still hidden in various holding companies. Whether by families

named in the article or others who prefer to fly well below the radar. Huge tracts of land

across Asia held by mysterious connected families.

[farangmick]

So the chances of picking up a young female member of the dynasty in a Soi Cowboy bar are less than zero probably.

[ratcatcher]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The article is about the richest families in Asia. Chearavanont family is 4th in Asia, 1st in Thailand.

Here's the list of wealthiest Thais, to keep you informed.

http://www.forbes.com/thailand-billionaires/list/#tab:overall

Interesting reading Our own Mr Thaksin is/was 10th.

[Thai at Heart]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The article is about the richest families in Asia. Chearavanont family is 4th in Asia, 1st in Thailand.

Here's the list of wealthiest Thais, to keep you informed.

http://www.forbes.com/thailand-billionaires/list/#tab:overall

Interesting reading Our own Mr Thaksin is/was 10th.

Virtually all of whom enjoy businesses which are in markets which prevent entry from foreign companies. Thus, operating in a non competitive market just ducking wealth out of the country into their pockets....

[ratcatcher]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The article is about the richest families in Asia. Chearavanont family is 4th in Asia, 1st in Thailand.

Here's the list of wealthiest Thais, to keep you informed.

http://www.forbes.com/thailand-billionaires/list/#tab:overall

Interesting reading Our own Mr Thaksin is/was 10th.

Virtually all of whom enjoy businesses which are in markets which prevent entry from foreign companies. Thus, operating in a non competitive market just ducking wealth out of the country into their pockets....

And that's just the way they like it thank you very much.

The irony is, as I said in another thread, that Chang, Singha and King Power can freely advertise in the EPL football stadiums in a competitive environment.

[Thai at Heart]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The article is about the richest families in Asia. Chearavanont family is 4th in Asia, 1st in Thailand.

Here's the list of wealthiest Thais, to keep you informed.

http://www.forbes.com/thailand-billionaires/list/#tab:overall

Interesting reading Our own Mr Thaksin is/was 10th.

Virtually all of whom enjoy businesses which are in markets which prevent entry from foreign companies. Thus, operating in a non competitive market just ducking wealth out of the country into their pockets....

And that's just the way they like it thank you very much.

The irony is, as I said in another thread, that Chang, Singha and King Power can freely advertise in the EPL football stadiums in a competitive environment.

Quite why they bother I don't have a clue. Globally, how much Chang or Singha gets drunk? Of course the EPL is an excellent way to wash boat loads of off shore money.

[CWMcMurray]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

That's different Forbes richest list...

I believe that issue was not allowed to be circulated

[ratcatcher]

Virtually all of whom enjoy businesses which are in markets which prevent entry from foreign companies. Thus, operating in a non competitive market just ducking wealth out of the country into their pockets....

And that's just the way they like it thank you very much.

The irony is, as I said in another thread, that Chang, Singha and King Power can freely advertise in the EPL football stadiums in a competitive environment.

Quite why they bother I don't have a clue. Globally, how much Chang or Singha gets drunk? Of course the EPL is an excellent way to wash boat loads of off shore money.

"Quite why they bother I don't have a clue. "

How about on any given Saturday or Sunday evening, millions of Thais are tuned into the EPL matches live on Thai TV

They see these ads both in English & Thai script. They are the ones that buy these products, and the Thai government can do diddly squat about it.

Your average Man U, Everton, Leixcester City or Chelsea fan isn't likely drinking Singha or Chang in the UK, but brags to his mates about the cute Thai girl working in a certain beer bar in Pattaya or Phuket when he was last here on holiday?

[RubbaJohnny]

I notice they conveniently fail to mention the other wealthy folks around these parts... namely certain people with beer, cement, banking, and land leasing companies under their control.

The article is about the richest families in Asia. Chearavanont family is 4th in Asia, 1st in Thailand.

Here's the list of wealthiest Thais, to keep you informed.

http://www.forbes.com/thailand-billionaires/list/#tab:overall

Interesting reading Our own Mr Thaksin is/was 10th.

I belive he is in Montynegro .I feel his arrival in LOS may ne on the news

[Enoon]

sure he does well of course with no foreign competition (ie we cant own land or business outright which is necessary in any real competitive market)

They are actually one of the largest foreign investors in China (they were literally the first foreign investor since the Communist revolution), about half their revenue comes from there. Most people don't know about them cause they don't make shiny gadgets but they are a massive player all over Asia

Yes, the Chinese like to send money back to China. Wherever they are, however long they've been there, it's always China (and the Chinese) first, last and always.

[Thai at Heart]

sure he does well of course with no foreign competition (ie we cant own land or business outright which is necessary in any real competitive market)

They are actually one of the largest foreign investors in China (they were literally the first foreign investor since the Communist revolution), about half their revenue comes from there. Most people don't know about them cause they don't make shiny gadgets but they are a massive player all over Asia

They aren't limited to food. True Corp is CP in China they have a joint venture with Honda to make motorcycles. The biggest fib however is that they deserve protection from foreign competition in Thailand.

They are a Chinese Thai mega company. The idea that they somehow have some special way to understand farmers and so need protection is utter bs.

[lgking]

555

Edited October 10, 2015 by lgking