Corporate

Agribusiness Tycoon tops Thailand’s Richest

The net worth of Thailand’s 40 richest tycoons are up 25 per cent to US$45 billion as relative calm returned to the country’s political scene and economy, and share prices rebounded, according to the list.

Published

10 years ago

August 31, 2011

Boris Sullivan

Thailand’s tycoons are rising with the tide. Collectively the wealth of the richest 40 advanced 25% to an aggregate $45 billion. Their asset growth is helping these industrialists ramp up investments in operations abroad like never before.The full list of Thailand’s 40 richest can be found in the September 2011 issue of Forbes Asia, which is available on newsstands now.

The wealth of three-quarters of those on the list rose. The top gainer is Prasert Prasarttong-Osoth (No. 17), whose net worth skyrocketed 138% thanks to the return to profitability of his privately held Bangkok Airways and the dramatic rise in the share price of hospital group Bangkok Dusit Medical Services. He founded the expanding health service provider with fellow physician Pongsak Viddayakorn (No. 28) whose net worth jumped by 121%, making him the second-biggest gainer on this year’s list.

Thailand’s 40 Richest – Forbes.

Dhanin Chearavanont, who owns agribusiness conglomerate, Charoen Pokphand Group, remains in the top spot at $7.4 billion

Dhanin Chearavanont, who owns agribusiness conglomerate, Charoen Pokphand Group, remains in the top spot at $7.4 billion. In second place is the $5 billion fortune of Chaleo Yoovidhya, co-owner of Red Bull energy drinks, closely followed by the $4.8 billion of whiskey king Charoen Sirivadhanbhakdi.

Former PM Thaksin Shinawatra ranks no 19.

The top 10 richest in Thailand are:

1) Dhanin Chearavanont; US$7.4 billion

2) Chaleo Yoovidhya; $5 billion

3) Charoen Sirivadhanabhakdi; $4.8 billion

4) Chirathivat family; $4.3 billion

5) Krit Ratanarak & family; $2.5 billion

6) Aloke Lohia; $2.1 billion

7) Chamnong Bhirombhakdi; $2 billion

8) Vichai Maleenont; $1.5 billion

9) Isara Vongkusolkit & family; $1.4 billion

10) Praneetsilpa Vacharaphol & family; $1.05 billion

The full list of Thailand’s 40 richest can be found in the September 2011 issue ofForbes Asia, which is available on newsstands now.

Corporate

The 3 key barriers to remote working (and how to overcome them)

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Published

3 weeks ago

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Daniel Lorenzzo

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Corporate

Digital transformation: what will be the long‑term effect of Covid‑19?

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Published

3 weeks ago

March 23, 2021

Daniel Lorenzzo

The outbreak of Covid-19 forced the rapid adoption of remote working practices and an acknowledgment of the importance of digital transformation. Following the pandemic, what will the lasting impact be?

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Corporate

Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

Published

4 weeks ago

March 22, 2021

National News Bureau of Thailand

BANGKOK (NNT) – The credit rating agency Fitch Ratings expects Thai corporates’ credit outlook to improve this year as vaccination is rolled out and economic activity recovers.

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