By F&N deal, richest man gets richer | Bangkok Post: news

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By F&N deal, richest man gets richer

The richest man in the country just got richer.

Dollar-billionaire Charoen Sirivadhanabhakdi is poised to win a S$13.8 billion (334.45 billion baht, US$11.2 billion) bid for Fraser & Neave Ltd. (FNN)'s property and drinks empire in Singapore.

The takeover battle has boosted the value of Mr Charoen's other stock holdings by more than $2 billion, or about 59.5 billion baht.

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  • facts_only

    ThailandPost : 492

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    Discussion 1 : 23 Jan 2013 at 18.431

    Mr Charoen is *not* the richest man in Thailand. The richest man in Thailand owns $30 billion USD, and is mentioned in the 2012 Guinness Book of World Records on page 158.

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