⬅ # 191 Wang Xing|# 193 Li Shuirong ➡

# 192 Charoen Sirivadhanabhakdi 

$11.0B

Real Time Net Worth
as of 5/13/2024
-$25.6M (-0.23%)

# 192 Charoen Sirivadhanabhakdi 

$11.0B

Real Time Net Worth
as of 5/13/2024
-$25.6M (-0.23%)
OccupationChair, ThaiBev; Chair, Fraser and Neave
Source of WealthAlcohol, Real Estate
Age80
ResidenceBangkok, Thailand
Marital StatusWidowed
Children5
Age-Adjusted Net Worth$2.85B
Charoen Sirivadhanabhakdi
Charoen Sirivadhanabhakdi
Thailand
Net worth: $11.0B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Charoen Sirivadhanabhakdi was born on May 2, 1944 in Bangkok, Thailand
Born to a poor street vendor in Bangkok, migrated from Shantou, China
Sixth of eleven children, left school at nine to work
Speaks Teochew (native Chinese dialect) and Thai

Business Career

Started by supplying distilleries producing Thai whiskey
Acquired license to produce alcoholic drinks during state-run monopoly
Secured 85% of state licenses in 1985, returning US$550 million in royalties in 1987
Teamed up with Carlsberg in 1991, later produced own beer 'Chang' with 60% local market share
Successfully entered property development through TCC Land Co. Ltd. in the early-2000s
Won bidding war for Fraser and Neave, Ltd. in early-2013, becoming the largest shareholder

Key Business Assets

Thai Beverage: Thailand's largest brewer
Fraser & Neave: Singapore beverage and property giant
Big C Supercenter: Thai hypermarket chain acquired in 2016 for over $6 billion
Asset World: Privately held property unit with hotels in tourist hotspots

Real Estate Developments

Oversees One Bangkok, a $3.5 billion mixed-use development in the heart of Bangkok (expected to be completed in 2025)

How long would it take you to become as rich as Charoen Sirivadhanabhakdi?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Charoen Sirivadhanabhakdi's net worth of $11.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Charoen Sirivadhanabhakdi is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Charoen Sirivadhanabhakdi, Alcohol and Real Estate are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey