Behind the agricultural and retail giant Charoen Pokphand (CP Group) is the Chearavanont family, which currently holds the largest fortune in Southeast Asia.
According to the Bloomberg Billionaires Index, the Chearavanont family currently owns assets worth 42.6 billion USD, ranking second 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 154th on Forbes' list of the world's richest people.
CP Group's origins date back to 1921, when Mr. Chia Ek Chor - Mr. Dhanin's father - left his hometown in southern China after a major storm to go to Thailand to start a business selling vegetable seeds.
In 1958, after completing his studies, Dhanin returned to Thailand and joined the family business. At that time, his two brothers expanded the business from seed trading to animal feed production, marking the birth of Charoen Pokphand (CP).
In 1960, when he was just in his 20s, he led CP to open its first branch in Hong Kong (China), marking the group's first international turning point.
By the late 1960s, CP had established itself as a leader in the animal feed industry in Thailand. After taking over the group in 1969, Chairman Dhanin Chearavanont helped CP Group break through and expand into many other industries.
From a small shop in Bangkok, CP Group has grown into a symbol of Asian private enterprise success. The group now provides consumers with everything from insurance, food, cars to cloud computing and real estate.
In 2017, after 48 years at the helm, Dhanin handed over the chairmanship to his eldest son Soopakij Chearavanont and the CEO position to his third son Suphachai Chearavanont, but retained the role of senior chairman and strategic advisor.
CP Foods’ agricultural division operates in 17 overseas markets, exports products to more than 30 countries and is currently the world’s largest animal feed producer. It is also one of the world’s largest processors of poultry, pork and shrimp.
In Vietnam, the Thai billionaire has 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/ong-trum-quyen-luc-dung-sau-cp-viet-nam-la-ai-20250530164554963.htm
Comment (0)