Top 10 Richest Men In Thailand According To Forbes (2025)

When you think of Thailand, images of beautiful beaches, bustling Bangkok streets, and delicious street food might come to mind. But beyond the tourist attractions and vibrant culture, the country is home to some of Asia’s most influential billionaires — men who have built vast empires in industries like agriculture, retail, energy, finance, real estate, and even beverages.

In the Forbes 2025 list of billionaires, several Thai business tycoons stand out, representing both long-standing family fortunes and self-made success stories. These men have not only shaped Thailand’s economy but also extended their influence internationally. Let’s take a closer look at the top 10 richest men in Thailand, their net worth, and the industries that made them fortunes.

1. Dhanin Chearavanont — $15.2 Billion

• Age: 85

• Source of Wealth: Diversified (Charoen Pokphand Group)

• Industry: Diversified

At the top of the list is Dhanin Chearavanont, patriarch of the Charoen Pokphand (CP) Group, Thailand’s largest private company and one of the largest conglomerates in Asia. CP Group has operations in agriculture, retail, telecommunications, and more.

Under Dhanin’s leadership, CP became the world’s largest producer of animal feed and shrimp, while also owning 7-Eleven stores in Thailand and stakes in telecoms giant True Corporation. Though now retired from active management, Dhanin’s legacy and influence remain unmatched, with his fortune spread across multiple sectors.

2. Sarath Ratanavadi — $12.9 Billion

• Age: 59

• Source of Wealth: Gulf Energy Development

• Industry: Energy

Sarath Ratanavadi is Thailand’s energy king, the founder and CEO of Gulf Energy Development, one of the country’s largest producers of electricity. Gulf Energy’s projects span power generation, renewable energy, and infrastructure development.

In recent years, Sarath has expanded into digital infrastructure, acquiring stakes in telecom and data centers. His strategic investments in clean energy align with the global shift toward sustainability, making him a modern billionaire with a vision for the future.

3. Charoen Sirivadhanabhakdi & Family — $11.7 Billion

• Age: 80

• Source of Wealth: Beverage, Real Estate (Thai Beverage, TCC Group)

• Industry: Food & Beverage

From humble beginnings as the son of street vendors, Charoen Sirivadhanabhakdi built a beverage empire through Thai Beverage, known for iconic brands like Chang beer. His TCC Group is also a real estate giant, owning prime hotels, shopping centers, and land across Thailand and abroad.

Charoen’s story is a true rags-to-riches tale, showing how determination and strategic investments can turn a small liquor business into a multibillion-dollar empire.

4. Sumet Jiaravanon — $6.4 Billion

• Age: 90

• Source of Wealth: Diversified (CP Group)

• Industry: Diversified

Another key member of the CP Group dynasty, Sumet Jiaravanon has been instrumental in expanding the conglomerate’s agricultural and retail operations. As part of Thailand’s most powerful business family, his wealth comes from multiple holdings, including agribusiness, retail stores, and telecommunications.

5. Jaran Chiaravanont — $6.3 Billion

• Age: 95

• Source of Wealth: Diversified (CP Group)

• Industry: Diversified

The eldest of the Chiaravanont brothers, Jaran Chiaravanont, has played a foundational role in CP Group’s growth. Even in his mid-90s, Jaran is considered a respected figure in Thailand’s corporate world. His fortune is deeply tied to CP’s global expansion, especially in China and Southeast Asia.

6. Vanich Chaiyawan — $4.6 Billion

• Age: 92

• Source of Wealth: Insurance, Beverages (Thai Life Insurance, Thai Beverage)

• Industry: Finance & Investments

Vanich Chaiyawan is the founder of Thai Life Insurance, one of Thailand’s largest insurers. He also holds significant stakes in beverage companies. Known for keeping a low public profile, Vanich’s influence is felt across Thailand’s financial and consumer sectors.

7. Prasert Prasarttong-Osoth — $4 Billion

• Age: 92

• Source of Wealth: Hospitals, Airline (Bangkok Airways, Bangkok Hospital)

• Industry: Healthcare

Known as the “Doctor Billionaire,” Prasert Prasarttong-Osoth founded Bangkok Dusit Medical Services, the largest private hospital network in Thailand, and Bangkok Airways, a boutique airline. His empire caters to both local and international clients, capitalizing on Thailand’s booming medical tourism industry.

8. Somurai Jaruphnit — $3.5 Billion

• Age: 71

• Source of Wealth: Diversified

• Industry: Diversified

Somurai Jaruphnit is another diversified tycoon with holdings in real estate, manufacturing, and trading. Though not as internationally recognized as some of his peers, his wealth reflects steady growth and smart investments in traditional Thai industries.

9. Sathien Sathientham — $2.6 Billion

• Age: 70

• Source of Wealth: Energy Drinks (Carabao Group)

• Industry: Food & Beverage

The co-founder of Carabao Group, maker of the globally popular Carabao energy drink, Sathien Sathientham transformed a local beverage into an international brand. Carabao has expanded aggressively in Europe and Asia, competing with global giants like Red Bull.

10. Prayudh Mahagitsiri — $2.5 Billion

• Age: 79

• Source of Wealth: Coffee, Shipping

• Industry: Food & Beverage

Often called Thailand’s “Coffee King,” Prayudh Mahagitsiri made his fortune through Quality Coffee Products, which produces instant coffee under license for Nestlé. His shipping and industrial ventures have also added significantly to his net worth.

Key Insights from Thailand’s Rich List

• Family Dynasties Dominate: The Charoen Pokphand family appears multiple times, underscoring the role of multi-generational wealth in Thailand.

• Diversification is King: Many fortunes are spread across different industries, reducing risk and ensuring steady income.

• Food & Beverage Power: From Chang beer to Carabao energy drink, Thailand’s beverage sector is a consistent wealth generator.

• Healthcare & Tourism Synergy: Medical tourism, combined with luxury hospitality, has made healthcare entrepreneurs like Prasert global players.

• Energy Transition: Tycoons like Sarath Ratanavadi are positioning themselves for the renewable energy future.

Thailand’s richest men are more than just wealthy individuals — they are economic powerhouses shaping the nation’s industries and influencing international markets. Whether through agribusiness, real estate, energy, or beverages, these billionaires prove that strategic thinking, diversification, and long-term vision are the keys to enduring success.