Dhanin Chearavanont
| Dhanin Chearavanont | |
|---|---|
| Born |
19 April 1939 Bangkok, Thailand |
| Residence | Bangkok, Thailand |
| Nationality | Thai |
| Occupation | CEO & chairman of Charoen Pokphand |
| Net worth | US$9.1 billion (February 2017)[1] |
| Children | 5 |
Dhanin Chearavanont (Thai: ธนินท์ เจียรวนนท์, Chinese: 谢国民; pinyin: xie guo min) (born 1939) is a Thai businessman and investor based in Bangkok. He is the CEO and chairman of CP Group. As of Forbes 2016 List of World Billionaires, Chearavanont is placed 171st with a net worth of $6.8 billion, making him the 2nd richest person in Thailand and in Southeast Asia.
Early life
Chearavanont was born in 1939,[2] the fourth and youngest son of Chia Ek Chor.[3]
Dhanin Chearavanont's father, Chia Ek Chor, and uncle, Chia Seow Hui, left China for Bangkok in the 1920s to begin selling seeds and agricultural chemicals. Their business diversified geographically across Asia, and vertically via a number of technology ventures and contract farming initiatives. In the 1980s, as China opened up to foreign firms, the Charoen Pokphand Group became the preferred partner for international brands such as Honda, Wal Mart, and Tesco.
Dhanin, his three brothers (Jaran, Montri and Sumet) and their families collectively own the Charoen Pokhphand Group (CP Group). CP Group's holdings generated cumulative revenues of approximately $7.5 billion and holds about $5.6 billion in assets. It is the largest shareholder in Ping An Insurance, a Chinese life insurance company with $9 billion in assets (2012). The CP Group is also the second largest shareholder in Itochu Corporation of Japan. Itochu reported revenues of over $11 billion in FY2013.
The CP Group is one of Asia's largest conglomerates and operates in agriculture, telecommunications, marketing, distribution and logistics, international trading, petrochemicals, property and land development, crop integration, insurance, automotive, and pet foods.
Family businesses
- CP All (Third largest 7-Eleven chain in the world with over 6,000 stores in Thailand) [4]
- C.P. Fresh Mart (Thailand-based chain selling frozen foods and finished products, with over 700 branches)[5]
- Charoen Pokphand (Holding company) [4]
- C.P. Land (Manages several Bangkok properties including C.P. Tower 1 & 2; listed through C.P. Land Infrastructure Fund; market capitalization of over U.S.$300 million)
- CP PC (Major plastic production manufacturer with plants in Thailand, China, and Vietnam).[4]
- C.P. Pokphand (Listed in Hong Kong, one of the world's largest producers of feed and one of China's leading agricultural companies, with factories nationwide)[6]
- Charoen Pokphand Foods (Operations in dozens of countries; world's largest producer of shrimp, animal feed; world's third largest chicken and pork producer).[4]
- Chester's (Major fast food chain in Thailand).[4]
- Concordian International School (Thailand).
- Lotus Supermarket Chain[7] (China)
- Dayang Motos (China's third largest motorcycle manufacturer).[4]
- Magnolia Quality Development Corporation Limited (Thailand).
- Ping An Insurance (Largest Shareholder, China's second largest life insurer).[4]
- Siam Makro (Largest Cash & Carry retailer in Thailand).[8]
- Super Brand Mall, Shanghai.[9]
- True Corporation (Largest Internet Service Provider, Cable Television Network, and third largest Wireless Carrier in Thailand).[4]
- True Growth Infrastructure Fund (A $2 billion fund set up to manage True's extensive telecommunication assets including Thailand's largest fibre optic network and largest 3G & 4G cell networks. It became Thailand's second largest IPO ever in late 2013. True Corp is True GIF's largest shareholder.)
References
- ↑ "The World's Billionaires: Dhanin Chearavanont". Forbes. Retrieved 14 February 2017.
- ↑ "Profile: Erez Vigodman". 16th Nikkei Global Management Forum. Retrieved 1 August 2015.
- ↑ Ismail, Netty (14 July 2014). "Thai Brothers Emerge as Billionaires With CP Group Stakes". Bloomberg. Retrieved 24 February 2017.
- 1 2 3 4 5 6 7 8 "CP Worldwide > OUR BUSINESS". Cpthailand.com. Retrieved 2015-08-01.
- ↑ "Agro-Industry & Food". Cpthailand.com. Retrieved 2015-08-01.
- ↑ "C.P. Pokphand Co. Ltd". Cpp.hk. 2015-04-15. Retrieved 2015-08-01.
- ↑ "Executive Profile: Soopakij Chearavanont". BusinessWeek. The McGraw-Hill Companies. Retrieved 26 July 2009.
- ↑ "CP All deal raises fear of market dominance - The Nation". Nationmultimedia.com. 2013-04-24. Retrieved 2015-08-01.
- ↑ Horn, Robert (19 April 2004). "Chearavanont". Time. Retrieved 28 April 2010.