⬅ # 152 Ricardo Salinas Pliego|# 154 Mikhail Fridman ➡

# 153 Dhanin Chearavanont 

$12.9B

Real Time Net Worth
as of 5/13/2024
$18.3M (0.14%)

# 153 Dhanin Chearavanont 

$12.9B

Real Time Net Worth
as of 5/13/2024
$18.3M (0.14%)
OccupationChair, Charoen Pokphand
Source of WealthDiversified
Age85
ResidenceBangkok, Thailand
Marital StatusWidowed
Children5
Age-Adjusted Net Worth$2.38B
Dhanin Chearavanont
Dhanin Chearavanont
Thailand
Net worth: $12.9B

Self-Made Score 

Wealth History

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Biography

Early Life

Dhanin Chearavanont, born on April 19, 1939, in Bangkok, Thailand, is a billionaire businessman and the senior chairman of Charoen Pokphand Group, Thailand's largest private company.
He is the fourth and youngest son of Chia Ek Chor, who, along with his brother Choncharoen Chiaravanont, started a seed-selling shop in 1921.
Dhanin attended the Chinese Sarasit Wittaya school in Ban Pong District, Ratchaburi province, graduating in 1949. He furthered his education in China and Hong Kong, including training at the National Defence College of Thailand in 1956.

Career and Leadership

Dhanin Chearavanont cultivated a strong relationship with the leadership of the Chinese Communist Party, enabling CP to become the largest foreign lessee of land in China, with 200,000 hectares in 2012.
Dhanin served as chairman and CEO of Charoen Pokphand Group for 48 years.
In 2017, he appointed his eldest son, Soopakij, and the youngest, Suphachai, as CP's chairman and CEO, respectively.

Business Portfolio

Charoen Pokphand Group is one of the world's leading producers of animal feed and livestock.
CP holds stakes in major entities, including Chinese insurer Ping An, Hong Kong conglomerate CITIC, and telecom unit True Corp.
CP owns Tesco's operations in Thailand and Malaysia.

Merger and Acquisitions

In 2022, True Corp, part of CP's portfolio, and its rival Total Access Communications (DTAC) agreed to merge.

Philanthropy

In 2020, Dhanin donated US$21.8 million to combat the spread of Covid-19 in Thailand.

Personal Life

Dhanin Chearavanont is a follower of Buddhism.

How long would it take you to become as rich as Dhanin Chearavanont?

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 Dhanin Chearavanont's net worth of $12.9B.

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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Dhanin Chearavanont 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 Dhanin Chearavanont, Diversified is the primary source. 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