Forbes Thailand's Richest List: CP continues at top

Forbes Thailand's Richest List: CP continues at top

This October 2014 file photo shows some of Thailand’s richest citizens at a function with government officials. From left, Tos Chirathivat of the Central Group, Dhanin Chearavanont of CP Group, Agriculture Minister Chatchai Sarikulya, Commerce Minister Apiradi Tantraporn, and Charoen Sirivadhanabhakdi of Thai Beverage.
This October 2014 file photo shows some of Thailand’s richest citizens at a function with government officials. From left, Tos Chirathivat of the Central Group, Dhanin Chearavanont of CP Group, Agriculture Minister Chatchai Sarikulya, Commerce Minister Apiradi Tantraporn, and Charoen Sirivadhanabhakdi of Thai Beverage.

CP Group owners #1, Thai Beverage's Charoen #2, Central's Chirathivats #3, Thaksin #10 . Weak stocks & currency reduced wealth of many.


Forbes Thailand's Richest List: CP continues reign at top


The owners of CP Group took the top spot in Forbes Thailand’s list of the country’s richest citizens

The Chearavanont brothers (Dhanin, Sumet, Montri and Jaran Chearavanont) who control Charoen Pokphand Group (CP Group) came in first with a combined net worth of US$18.5 billion.

The CP Group owners were also the biggest gainers on this year's list, seeing their wealth rise by $4.1 billion, partly due to new information on their private holdings as well as the CP Group's agribusiness ventures.


Coming in second was Charoen Sirivadhanabhakdi, chairman of Thai Beverage, at a net worth of $13.7 billion, followed by the Central Group's Chirathivat family, with a net worth of $13 billion, up from $12.3 billion a year ago.

Like CP and Mr Charoen, Central has been on a buying binge.

Along with its Vietnamese partner, electronics retailer Nguyen Kim, Central bought France's Groupe Casino's stake in hypermarket chain Big C Supercenter Vietnam for $1.1 billion.

It also purchased the Thai operations of Rocket Internet-backed fashion site Zalora.


The 10 richest people in Thailand and their net worths are as follows:

1. Chearavanont brothers; $18.5 billion
2. Charoen Sirivadhanabhakdi; $13.7 billion
3. Chirathivat family; $13 billion
4. Chalerm Yoovidhya; $9.7 billion
5. Vanich Chaiyawan; $4 billion
6. Krit Ratanarak; $3.3 billion
7. Vichai Srivaddhanaprabha; $3.25 billion
8. Prasert Prasarttong-Osoth; $3.2 billion
9. Santi Bhirombhakdi; $2.4 billion
10. Thaksin Shinawatra; $1.65 billion


Mr Charoen this past year pushed through a $711 million purchase of the Vietnamese unit of German cash-and-carry firm Metro and also nabbed a 59% stake in Big C Thailand for $3.3 billion through his listed retail unit Berli Jucker.

Mr Charoen cemented his control of Big C Thailand by acquiring a further 25% stake from the Chirathivats.


Thailand's weak stock market and a weak baht took a toll on the fortunes of many millionaires.

While Thailand's three richest families continued to rake in the baht, the falling stock market -- down 8% in the past year - and weaker baht had a negative effect on the wealth of many.

More than half of the 45 returnees to the Forbes list saw their fortunes shrink.


Media tycoons suffered from a drop in advertising revenues.

This included Krit Ratanarak -- No.6 on this year's list at $3.3 billion -- and Surang Prempree, managing director (MD) of Bangkok Broadcasting & TV, who came in No.30 with net worth of $725 million.


Bucking the trend, the duty-free tycoon Vichai Srivaddhanaprabha saw his net worth get a 30% boost to $3.25 billion, putting him in seventh place, due to record tourist arrivals in 2015.

His football club, Leicester City, also made sporting history by winning the English Premier League Championship.


The Forbes Thailand Richest List saw five newcomers this year:

1. the Viriyahbhun family behind the country's biggest non-life insurer (not life insurance), Viriyah Insurance (No.28, $850 million).

2. Eastern Polymer Group's Pawat Vitoorapakorn (No.31, $715 million).

3. Kumpol Plussind, a medical doctor who built the hospital and clinic chain Chularat Hospital (No.39, $565 million).

4. KCE Electronics founder Bancha Ongkosit (No.46, $495 million).

5. Joon Wanavit of Hatari Electric, which sells eight million domestic and industrial fans annually (No. 49, $415 million).


The minimum net worth to make the list this year is $400 million, down from $425 million a year ago.

This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges and analysts, the Stock Exchange of Thailand (SET) and regulatory agencies.

Unlike Forbes' billionaire rankings, the Rich List encompasses family fortunes, including those shared among extended families of multiple generations.

Public fortunes (using publicly available information) were calculated based on stock prices and exchange rates as of May 20.

Private companies (companies not listed on the stock exchange) were valued based on comparisons with similar companies that are publicly traded on the stock exchange (listed companies).

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  • acquire: to get; to obtain - ได้มาซึ่ง
  • advertising: telling the public about a product or a service, political candidate, etc. in order to encourage people to buy, use or support it - การโฆษณา
  • agency (noun): a government department that provides a particular service - หน่วยงานราชการ
  • agribusiness: an industry concerned with the production and sale of farm products, especially involving large companies - ธุรกิจการเกษตร
  • analyst: a person whose job involves examining facts or materials in order to give an opinion on them - นักวิเคราะห์
  • annually: happening every year - ทุกๆปีด
  • as well as: also -
  • available: that you can get, use, find or buy - มีอยู่, หาได้
  • based on (verb): information or facts used to make a story, calculation, judgement or decision - ตั้งอยู่บน,ยึดเป็นหลัก
  • beverage: a drink of any type - เครื่องดื่ม
  • billionaire: having more than a billion pounds, dollars (or a billion baht in Thailand) - คนที่รวยมากๆ มีทรัพย์สินพันล้านดอลล่าร์
  • binge (noun): when a person does a lot and even too much of some activity such as eating or drinking - ช่วงที่ทำกิจกรรมบางอย่างมากไป
  • boost: to increase; to strengthen - เพิ่ม; ทำให้มีกำลังมากขึ้น
  • broadcasting (noun): the sending out of a programme on television or radio - กระจายเสียง,กระจายข่าว
  • calculate: to discover a number or amount using  mathematics - คำนวน
  • cement: to make something stronger or more certain - ทำให้ยึดแน่น
  • chain: a group of businesses (restaurants, hotels, etc.) owned by the same company - บริษัทต่างๆที่อยู่ในเครือเดียวกัน
  • chairman: the person in charge of a committee, a company, etc - ประธาน
  • championship: a competition to find the best player or team in a sport or game - การแข่งขันเพื่อได้ตัวผู้ชนะเลิศ
  • citizen: someone who has the right to live permanently in a particular country - พลเมือง 
  • clinic: a place where a person goes to receive medical treatment -
  • combined: counted together - รวมกัน
  • comparison: the process of comparing two or more people or things - การเปรียบเทียบ
  • compile: to collect information from different places and arrange it in a book, report or list - รวบรวม
  • domestic: inside the country being talked about - ภายในประเทศ
  • due to: because of - เนื่องจาก
  • duty-free (adj): goods from another country that you don't need to pay a tariff or tax on -
  • effect: a change that somebody/something causes in somebody/something else; a result - ผลกระทบ
  • encompass: to include a large number or range of things - รวมทั้ง, รวมเข้าไว้ทั้งหมด
  • exchange rate: when you change one currency or money into another currency, how much you get - อัตราการแลกเปลี่ยนเงินตราระหว่างประเทศ
  • extended family: a family group with a close relationship among the members that includes not only parents and children but also uncles, aunts, grandparents, etc - ครอบครัวขยาย, ครอบครัวใหญ่
  • fan (noun): a person who likes something very much such as a famous singer or TV show - คนคลั่งในสิ่งหนึ่งสิ่งใด,คนคลั่ง
  • fashion: the newest clothes designed by fashion designers - เครื่องแต่งกายสมัยนิยม, แฟชั่น
  • financial: involving money - เกี่ยวกับเงิน, ทางการเงิน
  • firm: a business or company - บริษัท
  • fortune: a large amount of money - เงินมากมาย
  • founder (noun): a person who establishes an institution, business, or organisation - ผู้ก่อตั้ง
  • generation: a group of people in society who are born and live around the same time - รุ่น (คนรุ่นต่างๆ)
  • group (noun): a business group, a large company that owns other companies -
  • holdings: things or assets or rights that a person or company owns -
  • individual: a person considered separately rather than as part of a group - บุคคล
  • industrial: relating to industry - เกี่ยวกับอุตสาหกรรม
  • insurance: an arrangement in which you regularly pay an insurance company an amount of money so that they will give you money if something you own is damaged, lost, or stolen, or if you die or are ill or injured - การประกัน
  • insurer (noun): a company that sells insurance -
  • life insurance (noun): money paid to people in your family if and when you die - การประกันชีวิต
  • listed: a public company, i.e., a company that offers its shares to the public on a stock exchange - บริษัทมหาชน
  • managing director (MD): the top manager of a company, similar to a CEO, the member of a company's board of directors who is responsible for running a company on a daily basis -
  • media: radio, television, newspaper, the Internet, considered as a group - สื่อ
  • millionaire: a person who has a million pounds, dollars, etc; a very rich person - เศรษฐี, มหาเศรษฐี
  • minimum: as small in amount or degree as necessary or possible - จำนวนน้อยที่สุด, ปริมาณต่ำที่สุด
  • multiple: many - มากมาย
  • nabbed (verb): caught or arrested - ถูกจับ, โดนจับกุม
  • negative: less than zero - ทางลบ
  • negative: bad - ที่เป็นด้านลบ
  • net worth: the value of all your property, possessions, and money after you remove what you owe - มูลค่าของทรัพย์สินทั้งหมดหลังจากลบออกหนี้สิน
  • newcomers (noun): people who are new to some situation or job or place - คนมาใหม่, สมาชิกใหม่, คนที่เพิ่มมาถึง
  • obtain: to get something that you want or need, especially by going through a process that is difficult - ได้มา, ได้รับ
  • operation: a business activity - การดำเนินการทางธุรกิจ
  • partly (adv): in part, but not completely - บางส่วน
  • partner: one of the people who owns a business and shares the profits, etc or works together with another business in an activity - หุ้นส่วน, ผู้ร่วมมือ,
  • private: involving groups, businesses or industries that are not owned or controlled by the government - เอกชน
  • private: owned by a particular person or group - ของส่วนบุคคล, ของเอกชน
  • public: open to people in general - สาธารณะ
  • publicly: intending to be seen or heard by people in general - อย่างเปิดเผย
  • purchase: the process of buying something - การซื้อ
  • purchase: to buy something - ซื้อ
  • push: to try to make something happen, make people accept and agree to something -
  • rake in (verb): to earn a lot of money, especially when it is done easily - กวาด, ได้รับ
  • rankings (noun): the position of somebody/something on a scale that shows how good or important they are in relation to other similar people or things, especially in sport - อันดับ
  • record: the best or most ever achieved - สถิติ
  • regulatory (adj): related to "regulations" , official rules on how to do different activities, usually made by the government - ซึ่งควบคุมบังคับ, ซึ่งมีอำนาจควบคุม
  • retail: to sell directly to the public for their own use - ขายปลีก
  • retailer: a person or company that sells goods directly to the public for their own use - ผู้ขายปลีก
  • returnee: someone who is "returning" to some place -
  • revenue: income from taxes or business activities - รายได้
  • shareholder: a person who owns some of the equal parts into which the ownership of a company is divided - ผู้ถือหุ้น
  • shrink: to become smaller, or to make something smaller - หดตัว, เล็กลง
  • site: website -
  • spot: the particular place where someone or something is - ที่, สถานที่
  • stake: a share or a financial involvement in something such as a business - ส่วนได้เสีย
  • stock exchange: a place where shares in companies are bought and sold; all of the business activity involved in doing this - ตลาดหลักทรัพย์
  • Stock Exchange of Thailand: the main institution in Thailand where shares in companies are bought and sold - ตลาดหลักทรัพย์แห่งประเทศไทย
  • stock market (noun): the business of buying and selling shares in companies and the place where this happens; a stock exchange - ตลาดหุ้น
  • suffer: to be badly affected by a very difficult or unpleasant situation - ประสบความลำบาก
  • took a toll: caused suffering; caused damage -
  • tycoon: a person who has succeeded in business or industry and has become very rich and powerful - นักธุรกิจที่ร่ำรวยและมีอิทธิพลมาก
  • unit: a part of a company or organisation that carries out a particular function; a group of people who work or live together, especially for a particular purpose - หน่วย,กอง,กลุ่ม
  • unit (noun): a business unit or subsidiary; a part of a company that does a particular activity or that is not divided into smaller parts - บริษัทลูก, บริษัทสาขา, บริษัทในเครือ
  • venture: a new activity, usually in business, which involves risk or uncertainty - ธุริกิจเสี่ยงแต่สามารถทำกำไรได้
  • wealth: a large amount of money, property, etc. that a person or country owns - ความมั่งคั่ง
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