Dhanin Chearavanont Net Worth $1.15 Billion
As of 2013, he’s considered as the richest man in Malaysia as well as in the whole of Southeast Asia. Born in 1938 in Bangkok Thailand, Dhanin Chearavanont acquired nearly all of his fortune from his conglomerate which currently holds interests in several sectors. His family’s company actually started together with his uncle and dad in the 1920’s when both began selling agricultural chemicals and seeds. Eventually, the company expanded throughout Asia. Among his family’s businesses include Magnolias Development, CP ALL, Ping An Insurance, Charoen Pokphand Foods, Concordian International School, Super Brand Mall, Lotus Supermarket Chain, Siam Makro, True Corporation and Ping An Insurance. When China opened itself to foreign businesses in the 1980’s, Charoen Pokphand Group instantly became among the most favored partners of several international companies like Walmart, Tesco and Honda. Nowadays, CP Group is considered among Asia’s largest conglomerates. It holds stakes in marketing, telecommunications, agriculture, crop integration, pet foods, petrochemicals, logistics and distribution, acreage and property development, international trading, insurance, and automotive.