Red Bull family now richest in Thailand

Chalerm Yoovidhya and his family are now Thailand's richest, according to the latest Forbes list. (Photo: Bangkok Post)
Chalerm Yoovidhya and his family are now Thailand's richest, according to the latest Forbes list. (Photo: Bangkok Post)

Red Bull co-owner Chalerm Yoovidhya heads Thailand's richest family according to the latest Forbes list, but the combined wealth of Thailand's 50 richest fell by 15%.

Forbes Asia said on Wednesday that Mr Chalerm's family increased their wealth by US$2.6 billion (95.8 billion baht) to $36 billion (1.3 trillion baht). It said Red Bull's revenue exceeded $11 billion (405.5 billion baht) last year with global sales of more than 12 billion bottles and cans.

The Chearavanont brothers, of Charoen Pokphand Group fame, dropped to second after topping the Thailand's 50 Richest list for nearly a decade. Their wealth dropped from $34 billion (1.2 trillion baht) last year to $29 billion (1.1 trillion baht) this year. Forbes Asia attributed the drop partly on the falling fortunes of one of their holdings, Ping An Insurance in China.

Charoen Sirivadhanabhakdi of Thai Beverage remains in third position, with estimated wealth of $10 billion (368.6 billion baht), down $3.6 billion (132.7 billion baht) from last year.

The Chirathivat family retains fourth spot with $9.9 billion (364.9 billion baht), down 20% from $12.4 billion (457.1 billion baht) last year. The family's Central Group raised its shareholding in Selfridges department store in London in November and became the major shareholder.

Learn from listening

Click play to listen to audio for this story, or download to save the file
: :


  • attribute to: to believe that something is the result of a particular situation, event, or person’s actions - ถือว่าเป็นของ
  • decade: a period of ten years - ทศวรรษ
  • exceed: to be more than something; to go beyond a limit - เกินกว่าที่กำหนด
  • holdings: things or assets or rights that a person or company owns -
  • retain: to keep - รักษา
  • 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
  • shareholding: the amount of a company or business that somebody owns in the form of shares - การถือหุ้น
  • wealth: a large amount of money, property, etc. that a person or country owns - ความมั่งคั่ง

Do you like the content of this article?