13 Jul 2007

2007 Thailand Richest :)


Thaksin is eliminated from Forbes Asia billionaires list

http://www.bangkokpost.com/Business/13Jul2007_biz32.php



POST REPORTERS


Chaleo Yoovidhya, Charoen Sirivadhanabhakdi and Dhanin Chearavanont are the only dollar billionaires in Thailand in the latest rankings by Forbes Asia of the country's wealthiest individuals. Former prime minister Thaksin Shinawatra, ranked fourth in last year's poll, saw his ranking drop to 14th with a net wealth of $300 million. Forbes noted that the Assets Scrutiny Committee last month froze $1.84 billion held by Mr Thaksin and his family.

The latest rankings show that the number of billionaires in Thailand has fallen to three from 10 a decade ago.


The 40 richest Thais are worth $19 billion, down from $20 billion last year. Minimum net worth on the list has risen to $109 million from $50 million last year.


''The second annual wealth ranking for Thailand showed that despite a 16% rise in the stock market and the baht's 12% gain against the dollar, the Kingdom's tycoons were not spared the dent on their wealth from the political and economic fallout of former premier Thaksin Shinawatras ouster,'' Forbes Asia said.


The two wealthiest on the list are self-made men, with Red Bull's Chaleo Yoovidhya at an estimated net worth of $3.5 billion and whiskey tycoon Charoen Sirivadhanabhakdi worth $3.3 billion.One newcomer to the list is Nishita Shah, ranked 12th and the youngest by far on the list at 27 years old. Her estimated net worth is $350 million based on her holdings of Precious Shipping, the company started by her father.


Forbes noted that a quarter of the members on the list claim their wealth from family ties.
The Chirathivat family of the Central Group claim five places on the list with combined net worth of over $860 million, while the Vacharapol family of Thai Rath holds three spots with an estimated net worth of $700 million.


The Thailand 40 Richest List will appear in the July 23 issue of Forbes Asia.

No comments: