CP Owner Richest Man in Thailand according to Forbes Magazine’s New List

 | Fri 5 Jul 2013 12:28 ICT

CityNews – The man behind cheap pork sausage and strange burgers in a bag, Thanin Chearavanont, is now ranked the richest man in Thailand, according to Forbes Magazine 50 richest people of Thailand.

Thanin Chearavanont

Not on the list is Thailand’s present King, who Forbes has on their list as the World’s Richest Monarch. The magazine stated that “Bhumibol’s fortune is estimated to be worth upwards of $30 billion”, which far exceeds that of any of the businessmen on Thailand’s top fifty list. Forbes has been criticized for their list, mainly because Thai Royal Courtiers claim that the money belongs to the Crown Property Bureau (CPB), not the King.  Forbes has since published a more in-depth article on the King’s wealth and the Crown Property Bureau.

Thanin Chearavanont is a Thai/ Chinese businessman who has owned many large businesses in Thailand including CP Group, CP All (Seven Eleven), True Corporation, Siam Makro, Lotus Supermarket Chain in China, Super Brand Mall in Shanghai and more. Forbes Magazine states that his total worth is 12.6 billion dollars.  

Other billionaires in the rank:

2. Chirathivat Family, the owner of Central Group is worth 12.3 billion dollars.

3. Charoen Sirivadhanabhakdi, the owner of Thai Bev Company Limited (Chang Beer) is worth 10.6 billion dollars.

4. Yoovidhaya Family, the owner of Red Bull is worth 7.8 billion dollars.

5. Krit Rattanarak, the chairman of Bangkok Broadcasting & Television Company is worth 3.9 billion dollars.

Thailand biggest hero and villain, Thaksin Shinawatra, the former prime minister of the country, is only worth a piddling 1.7 billion dollars. He sits back in 10th place.