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WEALTH
Former prime minister Thaksin Shinawatra has scaled Thailand's rich list despite having $2 billion in assets frozen while he stands trial for corruption, according to Forbes magazine. Mr Thaksin, who was deposed in a 2006 military coup, is the country's 16th richest person and $100 million richer than last year, with a fortune of $400 million, the magazine said.
Other names topping the list of the country's 40 wealthiest individuals and families were little different from last year, with beverage and media tycoons occupying six of the top 10 rankings.
Red Bull founder Chaleo Yoovidhya, 76, returned to the top spot with a fortune of $4 billion from his beverage company, followed closely by liquor and property tycoon Charoen Sirivadhanabhakdi.
The 40 richest people are worth $25 billion, up $6 billion from last year, according to the magazine. The change reflected a revised method of calculation that combined family fortunes.
''Perhaps because the list is dominated by businesses established decades ago, or perhaps because the same families have run the enterprises for so long, there has been little change,'' Forbes said. ''All 40 appeared on the list in 2007 or 2006, or have taken the spots of relatives who previously appeared.''
Last year, for instance, the magazine listed Sasithorn Ratanarak as the head of the Ratanarak family. This year her son Krit, CEO and chairman of the family's Bangkok Broadcasting and TV, is listed, though the underlying fortune remains the same.
The calculations are based on SET and Commerce Ministry data for shareholdings. Forbes estimated the worth of private companies based on what they could be worth if publicly traded.
On the Net: http://www.forbes.com/2008/07/09/richest-thais-billionaires-
biz-thairichest08-cxsm0709
thailand.html?boxes=custom
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