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Thais Occupy 3 Places On Forbes 2017 Asia Rich List

Bangkok, Wed Nov 15 2017
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Three powerful Thai families have been named on the 2017 Forbes Asia’s 50 Richest Families list, and they have become even wealthier since last year.

The Chearavanont family, who own the Charoen Pokphand Group (CP Group), boasts a healthy bank balance of $US36.6 billion (1.2 trillion baht). Despite falling from second to fourth place this year, the family got richer by US$8.9 billion (295.8 billion baht) during the last 12 months. Who can complain?

The Chearavanont owns one of the world’s largest conglomerate companies. CP Group generates big income from agribusiness and food, retail, and telecommunications, with their well-known operation being the 7-Eleven convenience stores in Thailand and True Move cell service.

The second richest family in Thailand is the Chirathivats, the owners of Central Group which operates most of Thailand’s large malls. They’re ranked at 10th place with a fortune of US$19.3 billion (about 637.2 billion baht). Last year they were recorded as having US$13.8 billion (455.6 billion baht), so another impressive increase.

The newbie to the list is the controversial Yoovidhya family, aka the Red Bull clan, whose heir “Boss” is still on the run from charges in a fatal hit and run killing.

Forbes wrote that the family expanded their business to hospitals, real estate, and sports teams. Their net worth is US$13.1 billion (432.4 billion baht), which places them 22nd on the list.

The richest family in Asia, with an astonishing bank balance of $US44.8 billion (1,479.7 billion baht) goes to the Ambani family in India, who owns Reliance Industries.

Meanwhile, the Lee family that owns Samsung was bumped to second place this year with a net worth of US$40.8 billion (1,347.6 billion baht).

Interested in seeing the full list? Forbes | Asia’s Richest Families List - 2017 Edition

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