Connect with us

Companies

Thailand takes three spots in Forbes’ richest as Red Bull joins the list

For the first time The Yoovidhya family, the maker and marketer of Krating Daeng and gold Red Bull energy drinks in Asia, has made the 2017 Forbes list of Asia’s richest families

Published

on

Three Thai families – Chearavanont, Chirathivat and Yoovidhya – are now included in the Asia’s richest families of 2017 list published by Forbes magazine. 

Two of the richest Thai families are in the top ten of Forbes, claiming fourth and tenth spot.

For the first time The Yoovidhya family, the maker and marketer of Krating Daeng and gold Red Bull energy drinks in Asia, has made the 2017 Forbes list of Asia’s richest families, trailing two other notable Thai clans: the Chearavanonts and the Chirathivats.

The Chearavanont family, took the fourth spot on the list with a net worth of $36.6 billion.

The family behind Charoen Pokphand (CP) Group, one of the world’s largest purveyors of animal feed and livestock, got a nearly $9-billion boost to its wealth, partly due to a surge in the value of its holding in Chinese insurer Ping An.

Samsung’s Lee family lose No. 1 spot

No family highlights this surge better than the Ambanis of India, this year’s biggest gainer in dollar and percentage terms. Their net worth rose by $19 billion, to $44.8 billion, superseding the Lees of the Samsung empire to claim the No. 1 spot

FamilyNet Worth Country
1Ambani$44.8 billionIndia
2Lee (Byung-Chull)$40.8 billionSouth Korea
3Kwok$40.4 billionHong Kong
4Chearavanont$36.6 billionThailand
5Hartono$32 billionIndonesia
6Lee (Shau Kee)$29 billionHong Kong
7Kwek / Quek$23.3 billionMalaysia
8Cheng Family$22.5 billionHong Kong
9Sy$20.1 billionPhilippines
10Chirathivat family$19.3 billionThailand
11Premji$19.2 billionIndia
12Hinduja$18.8 billionIndia
13Tsai (Wan-Tsai & Wan-Lin)$17.7 billionTaiwan
14Mittal$17.2 billionIndia
15Kuok$16.6 billionSingapore
16Mistry$16.1 billionIndia
17Chung$14.8 billionSouth Korea
18Saji$14.2 billionJapan
19Birla$14.1 billionIndia
20Godrej$14 billionIndia
21Pao$13.4 billionHong Kong
22Yoovidhya family$13.1 billionThailand

 

The list of Asia’s 50 Richest Families is a snapshot of wealth using stock prices and currency exchange rates from the close of markets on November 3, 2017. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. To qualify, a family’s wealth must be rooted in Asia and participation in building that fortune has to extend at least three generations.

Nearly half of the richest families in Asia are in China, yet none of 50 we ranked this year are based in the mainland, where conglomerates are young, run by first and second generations who were able to muster billions of dollars in wealth in an open economy.

Click to comment

Leave a Reply

Press Release

Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia

Zoetis is a global animal health industry leader, dedicated to supporting customers and their businesses in ever better ways. Building on more than 65 years of experience, we deliver quality medicines, vaccines and diagnostic products, complemented by genetic tests, biodevices and a range of services.

Published

on

Richi Kukreja, HR Lead Director for Zoetis South East Asia
Richi Kukreja, HR Lead Director for Zoetis South East Asia

Zoetis has been recently certified as one of the Best Places To Work in Thailand for 2021. We went and interviewed Richi Kukreja, HR Lead Director for Zoetis South East Asia, who provided us insights into what makes the company an employer of choice in Thailand.

(more…)
Continue Reading

Companies

Novo Nordisk certified as one of the Best Places to Work in Thailand

Novo Nordisk Thailand certified as one of the Best Places to Work. An exclusive interview with John Dawber, Vice President and general manager who provides insight into what makes the organization an employer of choice

Published

on

Novo Nordisk Thailand, affiliate of the global healthcare company with more than 90 years of innovation and leadership in diabetes care, has been recently recognized as one of the best companies to work in Thailand.

(more…)
Continue Reading
Wise

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,153 other subscribers

Recent