Chearavanonts extend lead on Forbes Thailand Rich List

This Nov 2014 record print shows Dhanin Chearavanont of CP Group during a singular press discussion during CP Building in Silom Road.

The Chearavanont brothers, who control Charoen Pokphand Group, took a tip mark in Forbes Thailand’s list of a country’s richest adults with a total net value of US$18.5 billion.

Dhanin, Sumet, Montri and Jaran Chearavanont were also a biggest gainers on this year’s list, saying their resources arise by $4.1 billion, partly due to new information on their private land as good as a CP Group’s agribusiness ventures.

Coming in second was Charoen Sirivadhanabhakdi, authority of Thai Beverage, during a net value of $13.7 billion, followed by a Central Group’s Chirathivat family, with net value of $13 billion, adult from $12.3 billion a year ago.

Like CP and Mr Charoen, Central has been on a shopping binge. Along with a Vietnamese partner, wiring tradesman Nguyen Kim, Central bought France’s Groupe Casino’s interest in hypermarket sequence Big C Supercenter Vietnam for $1.1 billion. It also purchased a Thai operations of Rocket Internet-backed conform site Zalora.

Mr Charoen this past year pushed by a $711 million squeeze of a Vietnamese section of German cash-and-carry organisation Metro and also nabbed a 59% interest in Big C Thailand for $3.3 billion by his listed sell section Berli Jucker. Mr Charoen cemented his control of Big C Thailand by appropriation a serve 25% interest from a Chirathivats.

While Thailand’s 3 richest families continued to hillside in a baht, a descending batch marketplace — down 8% in a past year – and weaker baht took their toll. More than half of a 45 returnees to a Forbes list saw their fortunes shrink. Media tycoons suffered from a dump in promotion revenues, including Krit Ratanarak — No.6 on this year’s list during $3.3 billion — and Surang Prempree, handling executive of Bangkok Broadcasting TV, who came in No.30 with net value of $725 million.

Bucking a trend, duty-free aristocrat Vichai Srivaddhanaprabha saw his net value get a 30% boost to $3.25 billion, putting him in seventh place, due to record traveller arrivals in 2015. His football club, Leicester City, also done sporting story by winning a English Premier League Championship.

The Forbes Thailand Rich List saw 5 newcomers this year: a Viriyahbhun family behind a country’s biggest non-life insurer, Viriyah Insurance (No.28, $850 million); Eastern Polymer Group’s Pawat Vitoorapakorn (No.31, $715 million), Kumpol Plussind, a medical alloy who built sanatorium and hospital sequence Chularat Hospital (No.39, $565 million); KCE Electronics owner Bancha Ongkosit (No.46, $495 million) and Joon Wanavit of Hatari Electric, that sells 8 million domestic and industrial fans annually (No. 49, $415 million).

The smallest net value to make a list this year is $400 million, down from $425 million a year ago.

This list was gathered regulating shareholding and financial information performed from a families and individuals, batch exchanges and analysts, a Stock Exchange of Thailand and regulatory agencies. Unlike Forbes’ billionaire rankings, a Rich List encompasses family fortunes, including those common among extended families of mixed generations. Public fortunes were distributed formed on batch prices and sell rates as of May 20. Private companies were valued formed on comparisons with identical companies that are publicly traded.

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