TOP 10 RICHEST PEOPLE IN THAILAND 2020 | Rich & Famous Tv

TOP 10 RICHEST PEOPLE IN THAILAND 2020 | Rich and Famous

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Who are the richest people in Thailand in 2020? Let's take a closer look at the top 10 richest people in Thailand as of 2020. These tycoons, royals and heirs control a stunning amount of wealth.
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#10. Chuchat Petaumpai & Daonapa Petampai. Net Worth: $2.65BHusband and wife, Chuchat Petaumpai and Daonapa Petampai, gave up their bank jobs to start Muangthai Leasing in 1992. They grew the company into Thailand's biggest provider of loans against motorcycles with more than 3,200 branches.
That company's customers include farmers, factory workers and civil servants. The couple took their company public in 2014 and changed its name to Muangthai Capital in 2018.
#9. Vanich Chaiyawan. Net Worth: $2.8BFormer rice trader Vanich Chaiyawan controls Thai Life, Thailand's third-biggest life insurer. The company is run by his son Chai, who is aiming to make it into a regional brand.
Thai Life sells mostly through agents and is known for its emotionally-charged TV commercials. Japan's Meiji Yasuda has a 15% stake in Thai Life. In August 2019, Thai Life entered Myanmar by acquiring a 35% stake in Citizen Business Insurance of Yangon.
#8. Osathanugrah Family. Net Worth: $3BThe Osathanugrah family owns 129-year-old Osotspa, among Thailand's oldest companies and maker of the popular M-150 energy drink.
The family's wealth got a boost from the October 2018 IPO of Osotspa, which is run by Petch Osathanugrah, grandson of the founder. An avid art collector, Petch has built a contemporary art museum in Bangkok.
#7 Prachak Tangkaravakoon & family. Net Worth: $3.1BPrachak Tangkaravakoon chairs $520 million (revenue) TOA Paint (Thailand), the country's biggest paint company. TOA Paint has three plants in Thailand, plus factories in Vietnam, Laos, Myanmar, Malaysia and Cambodia.
The company's IPO in 2017 raised $360 million to ramp up regional expansion, including in Myanmar and Cambodia. His fortune got a boost after son Vonnarat completed a backdoor listing deal of cable and wire firm Stark Corporation, in 2019. Son Nattavuth runs the family's investment arm, TOA Venture Holding.
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