Red Bull co-owner Chalerm Yoovidhya heads Thailand’s richest family according to the latest Forbes list, surpassing the Chearavanont brothers.
Forbes Asia says that Mr. Chalerm’s family increased their wealth by 2.6 billion USD (95.8 billion baht) to 36 billion USD (1.3 trillion baht).
It said Red Bull’s revenue exceeded 10 billion USD (405.5 billion baht) last year with global sales of more than 12 billion bottles and cans.
The Chearavanont brothers, of Charoen Pokphand Group (CP Group), dropped to second after topping the Thailand’s 50 Richest list for nearly a decade. Their wealth dropped from 34 billion USD (1.2 trillion baht) last year to 29 billion USD (1.1 trillion baht) this year.
According to Forbes, the combined wealth of Thailand’s 50 richest fell by 15% during the same time span.
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