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Grizzly Bulls’ Billionaires Index

⬅ # 535 Mark Cuban|# 537 Carl Icahn ➡

# 536 Sumet Jiaravanon 

$5.56B

Real Time Net Worth
as of 7/2/2024
$40.6M (0.73%)

# 536 Sumet Jiaravanon 

$5.56B

Real Time Net Worth
as of 7/2/2024
$40.6M (0.73%)
OccupationChair, Charoen Pokphand Group
Source of WealthDiversified
Age89
ResidenceBangkok, Thailand
Marital StatusMarried
Age-Adjusted Net Worth$782.09M
Sumet Jiaravanon
Sumet Jiaravanon
Thailand
Net worth: $5.56B

Self-Made Score 

Wealth History

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Biography

Overview

Sumet Jiaravanon has been the executive chairman of Charoen Pokphand Group, Thailand's largest conglomerate, since 1993.
Sumet is the older brother of Thai billionaire Dhanin Chearavanont, who serves as the senior chairman of CP Group.
He is listed separately from Dhanin due to his ownership of close to a 13% stake in the family's vast assets.
Sumet also chairs the family's Chinese arm, Chia Tai Group.
His son, Chatchaval, purchased Fortune magazine for $150 million in 2018.

Background and Business Ventures

Charoen Pokphand Group, founded in 1921 by immigrant brothers from China, started as a seed store in Bangkok's Chinatown.
The company evolved into a major player in animal feed production and poultry farming, expanding internationally to become a key player in China's dietary habits.
CP Group ventured into various sectors including retail, telecommunications, petrochemicals, and automotive.
They were the first foreign investor in China after its economic opening, establishing themselves as a major player in the country's economic transformation.
CP Group has a significant presence in Thailand and abroad, with operations in over 21 countries.

Subsidiaries and Business Expansion

Charoen Pokphand Foods (CPF) is a leading producer of feed and poultry, listed on the Stock Exchange of Thailand.
CP ALL operates 12,000 7-Eleven stores in Thailand, making it the third-largest 7-Eleven licensee globally.
True Corporation offers telecommunications, internet, and entertainment services to over 23 million subscribers.
Ascend Group, a spin-off of True Corporation, handles e-commerce, online retail, and logistics within CP Group.
CP Group has diverse subsidiaries including Lotus Supercenter, C.P. Pokphand Co., CP Fresh Mart, and Dayang Motors.

Ethical Recognition and Corporate Actions

In February 2021, CP Group received the World's Most Ethical Companies 2021 award from the Ethisphere Institute.
In September 2021, CP Group raised $150 million, valuing its Ascend Money subsidiary at $1.5 billion.
CP Group made a significant acquisition in March 2020, purchasing Thai retailer Tesco Lotus for $10.6 billion.
CP Group announced a merger plan with Total Access Communication (DTAC) in November 2021, subject to regulatory approvals.

Corporate Responsibility and Controversies

CP Group has faced scrutiny regarding the use of slave labor in its supply chain, particularly in fishmeal production for prawn feed.
They have taken steps to improve supply chain traceability and audit processes, working towards sustainability and transparency.
Sumet Jiaravanon's leadership includes involvement in initiatives like the Shrimp Sustainable Supply Chain Task Force, aimed at addressing industry-wide issues.

How long would it take you to become as rich as Sumet Jiaravanon?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Sumet Jiaravanon's net worth of $5.56B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Sumet Jiaravanon 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 Sumet Jiaravanon, 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