Published : September 02, 2010 :: 16:09:59 [ 3,166 views ]

Thai Rich-Poor Divide Increases According to Forbes


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Despite one of the most turbulent political times in Thailand’s recent history, the combined wealth of the nations 40 richest people reportedly increased by 46% according to a study by Forbes magazine.

Thailand, the 1st of September 2010: Dhanin Chearavanont, owner of Thailand’s largest agribusiness conglomerate Charoen Pokphand Group, is officially the Kingdom’s richest man, with a net worth of approximately US$7 billion. Chearavanont moved up from his second placed ranking in 2008 on the back of a US$4 billion rise in his fortune.

Second place went to 78-year-old Chaleo Yoovidhya, co-owner of international energy drink manufacturer Red Bull, who has an estimated wealth of US$4.2 billion. Thai Beverage Pcl founder Charoen Sirivadhanabhadi [66] was ranked number three with US$4.15 billion.

The biggest gainer amongst the top 40 this year, in percentage terms, was Aloke Lohia whose wealth soared a staggering 252% after he took polyester company Indorama Centures Pcl public. Lohia was ranked sixth, with an estimated wealth of US$1.25 billion.

A reflection on the Kingdom’s current construction boom, new faces on this year’s list included Keeree Kanjanapas of property and construction firm BTS Group Holdings and Prateep Tangmatitham of real estate developer Supalai Pcl.

Despite the recent anti-government Red Shirt protests in Thailand, dominating headlines worldwide after the death of 91 people, Thailand’s tycoons have reaped the benefits from the nations impressive stock market growth.

Shockingly, the World Bank estimate that the richest 20% of Thai people earn approximately 55% of Thailand’s total income, while the poorest fifth take just 4%, further strengthening Red Shirt claims that the so called ‘elite’ get richer while the poor continue to struggle. Forbes estimate the combined wealth of Thailand’s top 40 richest people equates to over US$36.5 billion.

Meanwhile, a report in July by Forbes magazine confirmed Thailand’s revered King, Bhumibol Adulyadej, as the richest monarch in the world, for a third consecutive year, with an estimated fortune of US$30 billion. His net worth includes assets attributed to the Crown Property Bureau, which owns large sections of prime Bangkok real estate amongst other investments.

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Type : Thailand News
Story : John Weston
Photo : Internet

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Mrs. Rose Mary
said :
Dear Friend, I apologize if the contents in this mail are contrary to your moral ethics, which I feel may be of great disturbance to your personal life, but please treat with absolute secrecy and personal and I pray that this email reaches you in the best of health.I pray God that this message reaches you in wonderful spirit as I am making this contact with you based on trust and confidence irrespective of the fact that we have not met before and because of the nature of the situation I found myself. I got your contact from web through personal endeavour and decided to contact. I believe my contacting you is not an ordinary coincidence because God can use any body known or unknown to accomplish great things which he has ordained.I am Rose Marry, I was hospitalize after I had a car accident with my family, I lost my husband and my two daughters who were also on board in the accident. After the accident, I have been battling with some health problems from the major injuries that I sustained in the cause of accident.Recently, my doctor told me that I have some few months to live due the surgery that was conducted.Though what disturbs is my presence predicament, due to the injuries that I sustained and damaged of my spinal cords in the accident. Having known my condition, I have decided to Willing/Donate the sum of $5.5 Million(Five Million,Five hundred thousand Dollars) to charity and individual through you for the good work of the lord, and to help the motherless, less privileged and also for the assistance of the widows. Because I am the only surviving person and nobody else that will inherit this money because they are now dead. I don't want a situation whereby this deposit will be confiscated and declared unserviceable by the officials of the finance company where it was deposited by my late husband who used to work with shell development company as an engineer before his death.All I want you to do is to assist in safe-keep of this fund valued at US$5.5 Million United States Dollars deposited at the custody of the security firm before it gets confiscated or declared un-serviceable.I seek your consent to present you as the Trustee to my late husband's inheritance, so that the proceeds of this account can be paid to you. If you are interested in carrying out this task, I want you to contact me immediately, so that I can arrange all the modalities to effect the release of the fund to you. I know I have never met you but my mind tells me to do this, and I hope you will act sincerely. I have also decided that 30% of this money should be taken by you from the total sum upon the success release of this fund, because I am now too weak and fragile to do things myself because of my present health problems.I have been given 21 working days by the finance company for the collection of the deposited item before it will be confiscated. I will appreciate your utmost confidentiality in this matter until the task is accomplished, as I don't want anything that will Jeopardize my last wish. Kindly furnish me your full name and your address also your contact number, so that I will prepare all relevant documents with the assistance of our family lawyer to effect the release of the fund to you.contact Yours faithfully, Mrs. Rose Mary.
Email : mrsrosemaryooo@yahoo.com Date : 2011-02-01 16:55:11
Jow
said :
I do not know any Thai philanthropist. Of course it doesn't mean that there aren't any. But wouldn't it be nice just to give 0.01% to build schools, hospitals with 'better' equipment and projects where people without work could earn some money and help themselves instead being criminal, especially at this times? Most of those Top 40 will never be able to spend their money for a few generations (excluding stuff like building an airport or other crazy extravaganza).

I don't know, but it would make me happy to help other people and see them standing on their own feet. Unfortunately I am not a Top anything and can only look on. A bit Rotary helps some but those guys could really make the difference for their country. The funny thing is that IF they would donate/invents/etc 0.01% of they money, they wouldn't even see much of the difference at their statement.

My 2 cents...
Email : da@da.com Date : 2010-09-03 22:10:52
stropmag
said :
It's the same the whole world over,
It's the poor that get the blame,
It's the rich that get the pleasure,
Ain't it all a bloody shame.
Email : paul.johnson@mail.net Date : 2010-09-03 03:28:28
Derek E
said :
THe guy with the big ears and the inbred monkey family could sell some of his land and give to the poor. But no that would never happen because he is total C*nT.
Email : derekeales@hotmail.com Date : 2010-09-02 22:11:44
steve
said :
this 'wealth' is all based on paper. means nothing until you spend it.
Email : steve@hotmail.com Date : 2010-09-02 21:21:41
Michael
said :

Lots of chariries around Pattaya run by expats.Do wealthy Thai people feel the need to give something back?
Email : michael_taylor96@yahoo.com Date : 2010-09-02 19:12:46
Breaker
said :
Actually dumb-ass forgot to count his royal highness at $35billion USD.
Email : g-unit@gmail.com Date : 2010-09-02 18:40:46
Breaker
said :
Master of the obvious strikes again. Great reporting douche-bag
Email : g-unit@gmail.com Date : 2010-09-02 18:39:18
justHarry
said :
Time for them to change from business people into filantropes... cant buy the very much needed beauty and youth anyway...
Email : poorboy321@hotmail.com Date : 2010-09-02 18:07:05
tommy
said :
Don't really want to get too deeply into the why's and wherefores here. But wouldnt it be nice if some of these people, set up elite schools for the poor and underpriveleged? Allowing them free school meals and education up to degree standard. Im not talking about 1000,000 bht here and there im talking about half a billion bht! Would be easy to do but will never happen of course!..
Email : mrwhippy@hotmail.com Date : 2010-09-02 17:12:18

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