According to Forbes magazine, Charoen Pokphand Group (CP) Chairman Dhanin Chearavanont is the richest person in Thailand.
The September edition of Forbes magazine has released the list of Thailand’s top 40 richest 2012. Mr Dhanin and his family is said to have 282 billion baht (approx. US$9 billion), a 60 billion baht (approx. US$1.94 billion) increase from last year’s survey.
Dhanin heads up Charoen the largest business conglomerate in Thailand. CP’s modest roots can be traced back to an unassuming seed shop created in 1921 that grew and prospered into a global enterprise. The shop has also expanded to become a feed mill in 1959. After that, the company repeatedly diversified into a number of highly successful, global businesses. These businesses include agro-industry and foods, finance, plastics, pharmaceuticals, pet foods, information technology, automotives, telecommunications, international trading, crop integration and property development.
CP currently employs over 280,000 people in fifteen countries and generates over US$33 Billion annually.
Founded by Mr. Ek Chor and Mr. Siew Whooy as a small seed shop in Bangkok, the humble seed company grew to become a feed producer, later evolving into livestock faming, processing, marketing and distribution. The company now functions as an agribusiness that spans food production from sprouting seeds and raising animals to ending up with a grand finale on retail shelves. Today CP is the world’s largest producer of animal feed and shrimp and one of its largest poultry producers.
From seeds, feed and food, CP expanded into telecommunications, business solutions and retail outlets. CP is a paramount global player born from the rich soils of Thailand.