Downturn hits tycoon pockets

Dhanin
Dhanin

Amid the slow economic recovery, the collective prosperity of tycoons around the 2022 Forbes listing of Thailand’s 50 richest fell nearly 6% to US$151 billion from a year back.

The complete list can be found from www.forbes.com/thailand as well as in the July issue of Forbes Asia and the August problem of Forbes Thailand .

With the easing of Covid-19 restrictions, tourism, Thailand’s mainstay, is gradually picking up but remains a fraction of the 40 million visitors the country drew in 2019.

The particular benchmark SET Index declined just over 3% and the baht fell by nearly 12% since fortunes had been last measured a year ago.

The top three ultra-wealthy for the list remain unrevised. Dhanin Chearavanont great brothers are still No . 1 despite losing $3. 7 billion dollars, the biggest decline in dollar terms, in order to $26. 5 billion dollars.

Because energy drink Reddish colored Bull’s sales continuing to surge around the world, Chalerm Yoovidhya’s fortune, which he stocks with family, got a $1. 9 billion boost. Having a net worth associated with $26. 4 billion, he is now a detailed number two.

Charoen Sirivadhanabhakdi, whose business disposition includes Thai Drink, retains the third spot with $11. 2 billion, down $1. 5 billion through last year.

The other richest in the top ten are Sarath Ratanavadi ($11. one billion), the Chirathivat Family ($10. six billion), Somphote Ahunai ($3. 9 billion), Prasert Prasarttong-Osoth ($3. 1 billion), Vanich Chaiyawan ($3 billion), Prachak Tangkaravakoon ($2. 8 billion) as well as the Osathanugrah Family ($2. 7 billion).

This listing was compiled using shareholding and financial information obtained from the particular families and people, stock exchanges plus analysts, the Stock Exchange of Thailand plus regulatory agencies. Community fortunes were computed based on stock prices and exchange rates as on June 17.