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.
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.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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