Charoen Sirivadhanabhakdi’s profile picture

Charoen Sirivadhanabhakdi

Charoen Sirivadhanabhakdi’s profile picture
Net worth 2018: $17.15 Billion
Residence: Bangkok, Thailand
Country: Thailand
BirthDay: 2 May 1944
Sigh: Gemini
Children: 5

Charoen Sirivadhanabhakdi was bornon 2 May 1944 in Bangkok, Thailand, Thailand. Charoen Sirivadhanabhakdi is #65 in List Billionaires People In The World. Son of a Bangkok street vendor, Charoen Sirivadhanabhakdi controls Thai Beverage, Thailand's largest brewer, famous for its Chang beer and Sang Som rum. He took Thai Bev public in Singapore in 2006 after attempts to list in Thailand were derailed by protests against the promotion of alcohol. Other big assets include privately held property firm TCC Land and Singapore beverage and property giant Fraser & Neave, which he snatched in 2013 after a battle with Indonesian billionaire Mochtar Riady's Overseas Union Enterprise. Charoen has lately expanded his retail empire spending more than $6 billion in 2016 to acquire hypermarket chain Big C Supercenter. His son Panote, who looks after the property interests, is overseeing One Bangkok, a $3.5 billion mixed-use development in the heart of Bangkok.


$2.1 Billion


$2.9 Billion


$4.3 Billion


$5.5 Billion


$11.7 Billion


$9 Billion


$13.2 Billion


$10.7 Billion


$15.8 Billion


$17.15 Billion


On 7 February 2016 TCC Group announced that it would buy a controlling 58


In late 2015, strong rumours emerged that Sirivadhanabhakdi was close to completing a takeover of English Premier League side Everton, a club which Chang Beer has sponsored since 2004


Since its formal establishment, TCC Land's developments have been primarily focused on Thailand, and indeed the Sirivadhanabhakdi family is now the largest landlord in the country, controlling 630,000 rai of land as of June 2014—over three times more than Thailand's second largest landowner, and approximately 21 times more than that owned by the royal family's Crown Property Bureau


In early 2013, Charoen won a bidding war for Singapore's Fraser and Neave, Ltd which has properties throughout Asia as well as soft-drinks operations, with debt accounting for most of the US$11


He received financing to back the deal, the largest merger-and-acquisition transaction introduced in Asia in 2012, from a group of banks including United Overseas Bank, Ltd of Singapore and DBS Bank, Ltd The total number of F&N shares owned by Charoen's group—TCC Assets and Thai Beverage—amounts to 1


In 2005, an attempt by Siriwattanapakdi to list ThaiBev on the Thai stock market triggered protests from Thai Buddhist groups due to concerns over the dangers of increased consumption of alcohol


Completely eclipsed, in 2003 Carlsberg pulled out of the joint venture


Boon Rawd Brewery, the producer of Singha beer, complained to Thailand's Fair Trade Department in October 2000 about Charoen's dumping of cheap products on the market, which the company claimed impeded competition


Since the Asian financial crisis of 1997 and attempts to further liberalize Thailand's competition laws in 1999, Charoen has on occasion been able to use his political connections to increase his dominance over the country's alcohol industry


In 1991 Charoen teamed up with the Danish brewer Carlsberg to tap into Thailand's growing beer market, at the time dominated by the 60-year-old Boon Rawd Brewery which made Singha beer


Charoen reportedly launched a campaign of resistance against the liberalisation of the local whisky market in the late-1990s and early-2000s


In 1988, King Bhumibol of Thailand granted the family the name “Sirivadhanabhakdi”


With this monopoly, Charoen's beverage companies were able to return US$550 million in royalties to Thailand’s excise department in 1987, five percent of the national budget at the time


In 1985, the remaining 85 percent of state licenses were opened to bids


Charoen Sirivadhanabhakdi (Thai: เจริญ สิริวัฒนภักดี; RTGS: Charoen Siriwatthanaphakdi; born 2 May 1944) is a Thai billionaire businessman

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