Rich, rich, rich I

4 07 2013

Only a day or so ago, PPT posted about inequality and the political power of the rich. Interestingly, this coincided with Forbes posting its list of Thailand’s billionaires. The top 10 are:

1. Dhanin Chearavanont & family worth $12.6 B, from agribusiness and more, and ranked in the top 60 richest on the planet.1000baht

2. Chirathivat family worth $12.3 B mostly in the retail sector

3. Charoen Sirivadhanabhakdi of beer, liquor and property, worth $10.6 B

4. Yoovidhya family of Red Bull fame and fast car notoriety, worth $7.8 B

5. Krit Ratanarak, of Bank of Ayudhya and with television interests, worth $3.9 B

6. Chamnong Bhirombhakdi & family, worth $2.4 B, mainly from beer, and with a scion in the Democrat Party

7. Vanich Chaiyawan, worth $2.1 B, in insurance and a big shareholder in Charoen’s Thai Bev

8. Vichai Maleenont & family in media and entertainment, worth $2 B

9. Prasert Prasarttong-Osoth, worth $1.8 B from medical, health and aviation investment

10. Thaksin Shinawatra & family, worth $1.7 B, from various investments in property, mining and more.

Most of the list are paid-up monarchists and some have been active politically, using their wealth in various political ways. PPT isn’t sure if politics earns money for Thaksin or costs him a pile of loot at present. It certainly cost him plenty under various royalist governments.

Of course, the richest tycoon family in Thailand is actually the king and his family. With the stock market rises and boom in tourism, PPT’s back of the envelope calculation will have the rich royals at about $35-45 Billion this year.

PPT will have a follow-up post on the Forbes stories on these tycoons.


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