elef Posted July 11, 2008 Report Share Posted July 11, 2008 The Nation Today Link Thailand's rich get richer: Forbes By The Nation Published on July 11, 2008 Despite the political and economic uncertainties, Thailand's 40 richest people have proved to be a stable lot as old names remain on Forbes' 2008 list and some have even become wealthier. Chaleo Yoovidhya, with a net worth of US$4 billion (Bt135 billion), returns to the No 1 spot - up $500 million from last year - thanks to strong global sales of his Red Bull energy drink. His runner-up again is beer brewer Charoen Sirivadhanabhakdi, up $600 million. They are two of eight tycoons who made most of their fortune in food and beverages, more than any other industry. Former prime minister Thaksin Shinawatra also saw his fortune rise by about $100 million. Forbes said these names remained perhaps because the list was dominated by businesses set up decades ago, or perhaps because the same families had run the enterprises for so long, there had been little change. All 40 appeared on the list in 2007 or 2006, or have taken the place of rel-atives who were listed previously. Chaleo and Charoen are also first-generation entrepreneurs who still hold the bulk of their wealth. More com-monplace are families whose wealth is now in the hands of the founders' wives, children or grandchildren. Forbes this year grouped together relatives who derived their wealth from the same person or company. The three Thai Rath newspaper heirs who last appeared as individuals are now listed together under the mother, Praneetsilpa. Combining family fortunes helped boost the top 40's total worth by $6 billion to $25 billion. The survey is based on June 26 stock prices and exchange rates. Forbes estimated the worth of pri-vately-held companies by figuring out what they could be worth if public. Link to comment Share on other sites More sharing options...
Julian2 Posted July 11, 2008 Report Share Posted July 11, 2008 I suppose a more interesting link would be one that provided a list of countries where the rich didn't get richer. Link to comment Share on other sites More sharing options...
Torneyboy Posted July 11, 2008 Report Share Posted July 11, 2008 I always thought the rich get richer and the poor stay poor..... Link to comment Share on other sites More sharing options...
chelseafan Posted July 11, 2008 Report Share Posted July 11, 2008 If you live in the UK, the rich get richer, the poor get poorer and the middle class get screwed either way. Link to comment Share on other sites More sharing options...
Torneyboy Posted July 11, 2008 Report Share Posted July 11, 2008 That is what happens down here as well... Link to comment Share on other sites More sharing options...
dullnight Posted July 11, 2008 Report Share Posted July 11, 2008 "I always thought the rich get richer and the poor stay poor..... " Well.. ya thought wrong... the poor do have opportunities as well... may the resourceful get ahead and the others keep on swallowing mud... Link to comment Share on other sites More sharing options...
.. Posted July 11, 2008 Report Share Posted July 11, 2008 "I always thought the rich get richer and the poor stay poor..... " Well.. ya thought wrong... the poor do have opportunities as well... may the resourceful get ahead and the others keep on swallowing mud... Ahhh yes, spoken like a person(?) who has never had to worry about where his next meal was coming from... Cheers, SD -- knows "resourcefulness" is only a small part of the equation Link to comment Share on other sites More sharing options...
dullnight Posted July 12, 2008 Report Share Posted July 12, 2008 SD vely smart, I no wolly Dullnight, went shopping yesterday in stylish old continent, easy equation, vely happy Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.