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Grizzly Bulls’ Billionaires Index

⬅ # 558 Herbert Wertheim|# 560 Ruan Liping ➡

# 559 Jaran Chiaravanont 

$5.44B

Real Time Net Worth
as of 7/25/2024
-$13.6M (-0.25%)

# 559 Jaran Chiaravanont 

$5.44B

Real Time Net Worth
as of 7/25/2024
-$13.6M (-0.25%)
OccupationCo-owner, Charoen Pokphand
Source of WealthDiversified
Age94
ResidenceBangkok, Thailand
Marital StatusMarried
Children4
Age-Adjusted Net Worth$545.39M
Jaran Chiaravanont
Jaran Chiaravanont
Thailand
Net worth: $5.44B

Self-Made Score 

Wealth History

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Biography

Overview

Jaran Chiaravanont is the eldest of four brothers of the clan behind Thai conglomerate Charoen Pokphand Group.
He started working in the family's livestock feeds business in the 1950s.
Jaran used to manage the Charoen Pokphand shop.
He is listed separately from his younger billionaire sibling Dhanin Chearavanont based on his 12.76% stake in the family's vast assets.

Early Career and Family Business

Jaran Chiaravanont began his career in the family's livestock feeds business during the 1950s.
He played a significant role in managing the Charoen Pokphand shop.
In the 1950s, the family business focused on livestock feed production.
The company later expanded its scope into various agricultural sectors, including poultry and aquaculture.

Expansion and International Ventures

During the liberalization of the Thai economy in the 1970s, CP Group entered into negotiations with major banks, the government, and foreign firms.
The company expanded its contract farming model internationally across Southeast Asia and beyond, including Mexico, Taiwan, and the United States.
In the 1980s, CP Group became a key player in China's economic opening, establishing itself as the first foreign investor in Shenzhen.
CP Group expanded its business lines, including telecommunications, retail, and petrochemicals, both domestically and internationally.

Key Investments and Acquisitions

In 1987, CP Group acquired the rights to 7-Eleven convenience stores and KFC franchises.
The company ventured into telecommunications, establishing True Group, one of Southeast Asia's largest telecom firms.
CP Group diversified into petrochemicals with Solvay of Belgium in 1989.
CP Group entered strategic partnerships with global players like Walmart and Itochu for retail and food trading opportunities.

Recent Developments and Recognition

In 2020, CP Group won the bid to purchase Thai retailer Tesco Lotus for $10.6 billion.
In 2021, CP Group was recognized as one of the World's Most Ethical Companies by the Ethisphere Institute.
CP Group raised $150 million in 2021, valuing its Ascend Money subsidiary at $1.5 billion.
In 2021, CP Group announced a merger plan between True Corporation and Total Access Communication, subject to regulatory approvals.

Philanthropic and Social Initiatives

CP Group has been actively involved in sustainability efforts, particularly in the shrimp industry, through initiatives like the Shrimp Sustainable Supply Chain Task Force.
The company has focused on improving traceability and auditing in its supply chains to combat issues like slave labor and environmental degradation.
CP Group has taken steps to address social and environmental concerns within its operations and supply chains.
Through its philanthropic efforts, CP Group aims to contribute to the welfare and sustainability of communities and industries it operates in.

How long would it take you to become as rich as Jaran Chiaravanont?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Jaran Chiaravanont's net worth of $5.44B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Jaran Chiaravanont 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 Jaran Chiaravanont, 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