Two Thai families make it to Forbes’ list of ‘Richest Families in Asia’

Yesterday, Forbes Asia released their latest list of the 50 richest families in Asia for 2016. Two Thai families, Chearavanont and Chirathivat, were named among them.

Combined, the 50 families hold a jaw-dropping USD519 billion (THB18,289 billion).

At the top of the list is the same family that held the position last year. The Samsung founders, a South Korean family that goes by the name of Lee, boasts a fortune of THB1,043 billion. Last year, they only had a paltry THB937.38 billion.

The owners of Charoen Pokphand Group (CP Group), the Chearavanont family, boast a bank balance of THB976.15 billion. They’ve had a pretty good year since they were in fourth place last year with a fortune of THB701.28 billion.

Rest assured that you probably put money into their well-lined pockets everyday. Headed up by Dhanin Chearavanont, the CP Group is the largest private company in Thailand and one of the world’s largest conglomerate company in the world. It operates the 7-Eleven stores in Thailand as well running large chicken and telecom companies.

The second Thai entry came in at the 14th spot on the list. The Chirathivat family owns Central Group, owner of most of Thailand’s large malls, with a fortune of THB486.26 billion. Last year they had THB412.27 billion, reported Bangkok Post.

Central Group is run by CEO Tos Chirathivat and their holdings actually extend far past malls and into real estate, restaurants and trading as well.

The Ratanarak family, the masterminds behind Channel 7 were in the 45th position last year but fell off this list completely this year.

 

Subscribe to The Coconuts Podcast for top trending news and pop culture from Southeast Asia and Hong Kong every Friday!



Reader Interactions

Leave A Reply

BECOME A COCO+ MEMBER

Support local news and join a community of like-minded
“Coconauts” across Southeast Asia and Hong Kong.

Join Now
Coconuts TV
Our latest and greatest original videos
Subscribe on

MOST POPULAR