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Chiaravanont clan tops Forbes Thailand’s rich list again this year

Chiaravanont clan tops Forbes Thailand’s rich list again this year

15 Sept 09:28 Key points summarised by AI
  • The Chiaravanont brothers (CP Group) retain their position as Thailand's wealthiest family for consecutive years, holding $26.5 billion despite a reduction in their overall wealth.
  • Chalerm Yoovidhya (Red Bull) ranks second, with his fortune increasing to $26.4 billion, significantly closing the gap on the top spot due to strong global sales.
  • The collective wealth of Thailand's top tycoons fell by nearly 6% to $151 billion, reflecting a slow economic recovery, although the tourism sector shows signs of improvement.
  • Thailand continues to grapple with significant income inequality, ranking fourth among ASEAN nations for its GINI index in 2018, despite notable improvements since 1992.
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