What is Charoen Sirivadhanabhakdi's Net Worth?
Charoen Sirivadhanabhakdi is a Thai entrepreneur who has a net worth of $15 billion. Charoen Sirivadhanabhakdi is the chairman of Fraser & Neave Ltd. Charoen Sirivadhanabhakdi saw his fortune dramatically grow as shares of Thailand's largest brewer and maker of Chang Beer doubled over the past year. At first, Charoen only served as a supplier to distilleries producing the local Thai whiskey, which were a state-run monopoly at the time. But thanks to the contacts he made, he managed to acquire a license to produce his own alcoholic drinks. Thus, the son of a Bangkok street vendor has began to accumulate fortune selling inexpensive beer and whiskey. Over the years his business grew and he even beat out Indonesia's Riady family for control of Singapore-based beverage and property company Fraser & Neave. He took his Thai Bev public in Singapore in 2006 and through one of his publicly listed bottling company called Serm Suk, he introduced Est Cola to Thailand in order to grab market share from Pepsi and Coke. Apart from his beverage business, Charoen Sirivadhanabhakdi is the owner of Bangkok's remarkable tech-mall Pantip Plaza, Hotel Plaza Athenee in Manhattan, numerous hotels spread across Asia, the United States and Australia, as well as residential, commercial and retail buildings in Singapore and Thailand. What's more, his private property arm TCC Land stands behind the opening of an outdoor mega mall and entertainment complex in Bangkok, in April 2012.
Net Worth details: Charoen Sirivadhanabhakdi owns 68 percent of Thai Beverage which is the biggest beverage company in Southeast Asia. Sirivadhanabhakdi also owns over 59 percent of Singapore beverage company Fraser & Neave. He controls 60 percent of property business Frasers Centrepoint, 39 percent of Frasers Hospitality Trust, and 74 percent of Berli Jucker.
