Charoen Sirivadhanabhakdi Biography– Charoen Siriwatthanaphakdi, born May 2, 1944, is a Thai business entrepreneur and investor.
He is the founder of Thai Beverage and chairman of the TCC Group and Fraser and Neave, Ltd conglomerates (F&N).
The Sirivadhanabhakdi family is presently Thailand’s largest property developer and landlord, with 630,000 rai (100,800 hectares) of land under their control, as well as commercial and retail properties in Singapore.
He also owns 50 hotels throughout Asia, the United States, the United Kingdom, and Australia, including Manhattan’s Plaza Athénée and Bangkok’s Okura Prestige. Forbes estimates his net worth to exceed $18 billion by 2020.
King Bhumibol of Thailand bestowed the surname “Sirivadhanabhakdi” on the family in 1988.
Who is Charoen Sirivadhanabhakdi?
Charoen Sirivadhanabhakdi is a Thai businessman with a net worth of $18 billion dollars.
He was born into a Thai family of Chinese descent, and as the sixth of eleven children, he dropped out of school early to help support his family.
He is one of the rare self-made millionaires who speaks Teochew, his native Chinese dialect, as well as Thai.
Charoen Sirivadhanabhakdi Net Worth: How much does he have?
Thai entrepreneur Charoen Sirivadhanabhakdi has a net worth of $18 billion. Fraser & Neave Ltd’s chairman is Charoen Sirivadhanabhakdi. Charoen Sirivadhanabhakdi’s fortune grew dramatically in the last year as shares of Thailand’s largest brewer and maker of Chang Beer doubled.
Charoen started out as a supplier to the local Thai whiskey distilleries, which were a state-run monopoly at the time. However, he was able to obtain a license to create his own alcoholic beverages because to the contacts he built.
As a result, the son of a Bangkok street vendor has made a fortune selling cheap beer and whiskey.
Charoen Sirivadhanabhakdi Career
Charoen Sirivadhanabhakdi began his career by supplying Thai whiskey factories, then began to create his own alcoholic beverages under license, thanks to the contacts he built.
The majority of liquor manufacturing was owned by the state at the time, but thanks to his license, he was able to secure 15% of the market.
He took out a $200 million loan using his massive stocks of booze when the remaining 85 percent of state licenses became available for bids. Soon after, he received 100% of the concessions.
At the time, his beverage companies contributed 5% of the national budget, and he formed a cooperation with the Danish brewer Carlsberg.
He was able to get into Thailand’s burgeoning beer market thanks to the collaboration, and he began brewing his own beer just three years later.
He held 60% of the local market in five years and successfully expanded into property development with the formation of TCC Land Co Ltd.
The company grew to become one of Thailand’s top property developers. It invests in residential, hospitality, and retail developments, as well as property management and logistics, among other things.
Charoen Sirivadhanabhakdi Age: How old is he?
Charoen Sirivadhanabhakdi age is 78 years, born on May 2nd, 1944, in Thailand (a sovereign state in Southeast Asia).
Thai business magnate and investor Charoen Sirivadhanabhakdi He is the founder of Thai Beverage and chairman of the TCC Group and Fraser and Neave, Ltd. conglomerates.
Charoen Sirivadhanabhakdi Wife: Khunying Wanna
Charoen Sirivadhanabhakdi is married to Khunying Wanna.
TCC Group, one of Thailand’s largest and most powerful corporations, was co-founded by Khunying Wanna Sirivadhanabhakdi.