Half of Thailand's wealthiest saw their fortunes decline this year
Dhanin Chearavanont, Senior Chairman of Charoen Pokphand Group, attends a session at the Boao Forum for Asia Annual Conference 2019 The Chearavanont brothers of the Charoen Pokphand group retained the No.1 spot with a net worth of $29.5 billion. After enjoying a surge in their wealth a year ago, Thailand’s richest hit a speed bump in 2019.
of the Charoen Pokphand group retained the No.1 spot with a net worth of $29.5 billion. Dhanin Chearavanont, the group’s senior chairman, stepped down in April as chairman of flagship Charoen Pokphand Foods after 25 years in that position. But a fortunate third of the list members ended up better off than a year ago. The biggest gainer was energy tycoon, whose fortune surged by $1.8 billion, earning him a spot in the top five for the first time. Shares of his Gulf Energy Development soared 57% in the past 12 months as new power projects came online and the company’s 2018 revenue more than doubled, to $628 million., which got a boost from the October 2018 listing of Osotspa, their 128-year-old energy drink maker.
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