The Chearavanont family, owners of Charoen Pokphand Group (CPGroup), is now Asia's second-richest family with an estimated fortune of $42.6 billion, according to the Bloomberg Billionaires Index. Surpassing all regional rivals, they top the list of the richest families in Thailand and Southeast Asia, second only to India's Ambani family.
CP Group is one of the largest multi-industry corporations in Asia, with a footprint spanning food, retail to telecommunications.
The Chearavanont family's core strategy is to continuously expand investments into many industries and markets, instead of focusing on just one field, thereby building strong business empires.
Under the leadership of Chairman Dhanin Chearavanont since 1969, CPGroup has made a strong breakthrough from its agricultural roots. Today, the group offers almost everything to consumers, from insurance, food, cars to cloud computing technology and real estate.
Currently, CP Group has 3 main pillars: CP Foods, CP All and True Corp. Of which, the CP Foods agricultural sector operates in 17 foreign markets, exports products to more than 30 countries and is currently the world's largest animal feed producer.
CP All is the company that will operate more than 15,000 7-Eleven stores in Thailand by 2025, according to the Bangkok Post. True Corp is the second largest mobile network operator in Thailand.
According to Bloomberg Billionaires Index estimates, the Chearavanont family owns assets of 42.6 billion USD, the richest in Thailand as well as Southeast Asia, ranked 2nd in Asia after the Ambani family (India).
Mr. Dhanin Chearavanont - Senior Chairman of CP Group - owns personal assets of up to 15.2 billion USD, ranking 153rd on Forbes' list of the world's richest people.
Mr. Dhanin Chearavanont - Senior Chairman of CP Group - owns assets of up to 15.2 billion USD (Photo: Forbes)
CP Group also invested heavily and entered into strategic joint ventures in China. In 1921, Mr. Chia Ek Chor, father of Mr. Dhanin Chearavanont (CP Group Senior Chairman), left his hometown in southern China after a devastating typhoon to start a business in Thailand as a vegetable seed trader.
Today, CP Group has become one of the most powerful corporations in Thailand, with close ties to China.
The group was one of the first foreign investors to invest in Shenzhen with registration number “0001” - right when China began to open up its economy .
Since the 1980s, CP Group has invested heavily in China, especially in agriculture and livestock. By 2020, the group owned about 200 subsidiaries in China, including feed mills, supermarkets and many other fields.
In Vietnam, the Thai billionaire also built for himself a powerful livestock and agricultural "empire".
CP Vietnam was granted an investment license in 1993 as a 100% foreign-invested company. In 2008, CP Vietnam Livestock Company Limited was officially transformed into CP Vietnam Livestock Joint Stock Company.
According to CP Foods' financial report, Vietnam is the company's largest overseas market in 2024. Revenue from Vietnam accounts for about 21% of total revenue, equivalent to 122 billion baht.
The parent company in Thailand is also accelerating the initial public offering (IPO) plan of CP Vietnam. Sharing with the media in March, the company's CEO said that after many years of waiting, the company is ready to start the IPO process as soon as it is licensed by the management agency in Vietnam.
Source: https://dantri.com.vn/kinh-doanh/gia-toc-dung-sau-tap-doan-cp-giau-co-co-nao-20250531173929640.htm
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