Three Thai tycoons make Forbes global richest list

Three tycoons from Thailand were named by Forbes magazine to its list of the 150 richest people in the world.
Dhanin Chearavanont, Senior Chairman of Charoen Pokphand (CP) Group, Thailand’s largest food, agriculture, and telecommunications conglomerate, was ranked by Forbes as the 116th richest person in the world with a net worth of $14.9 billion in 2023. He grew a seed shop in Bangkok’s Chinatown into a nationwide contract chicken farming and production business that eventually went regional before branching out into shrimp production, real estate development and telecoms.
Following was Charoen Sirivadhanabhakdi, Founder of Thai Beverage Public Company Ltd, whom Forbes ranked 118th with estimated total assets of $14.8 billion. He built his empire on local whiskey distilling and sales as well as the Chang Beer brand before venturing into high-end real estate development.
The third on the list was energy executive Sarath Ratanavadi at 141st with $12.3 billion in estimated assets. He founded Gulf Energy Development Public Company, the third-largest energy firm in Thailand. Aside from being a major power producer, he has acquired stakes in telecom firm InTouch Holdings and its wireless unit, Advanced Info Service (AIS), operator of the largest mobile phone network in the Kingdom. Gulf has also formed a joint venture with Singapore’s Singtel and AIS to set up data centers in Thailand in 2025.
The U.S. is still home to the most billionaires, with 735 members on the list worth a collective $4.5 trillion. While Bernard Arnault, Head of luxury goods giant LVMH, was named the world’s richest person, marking the first time a French citizen topped the rankings.
Photo courtesy of