The Chearavanont family (Thai: เจียรวนนท์) is a Sino-Thai business family based in Bangkok, Thailand with ancestral roots in Shantou, China. The family is noted for its success in business, making them one of the richest ethnic Chinese families in the world.[1] The family owns the Charoen Pokphand conglomerate, and was ranked by Forbes Asia in 2017 as Asia's fourth-wealthiest family with a net worth of US$36.6 billion.[2]
| Chearavanont เจียรวนนท์ Sae Chia (謝家) | |
|---|---|
| Parent family | Xie family |
| Current region | Thailand |
| Earlier spellings | เจียรวนนท์ (Thai) |
| Place of origin | Shantou, China |
| Founded | 1921 |
| Founder | Ekchor Saechia (Founder of Chia Tai) Jaran (Oldest Son) Founder of CP Montri (Second Son) Co Founder of CP |
| Current head | Dhanin Chearavanont |
| Heirlooms | Charoen Pokphand |
The family is currently headed by Dhanin Chearavanont. Dhanin's father, Ekchor Saechia, and uncle, Seowhui Saechia, left China for Bangkok in the 1920s to begin selling seeds and agricultural chemicals. Their business diversified geographically across Asia, and vertically via a number of technology ventures and contract farming initiatives. In the 1980s, as China opened up to foreign firms, the Charoen Pokphand Group became the preferred partner for international brands such as Honda, Walmart, and Tesco.[citation needed]
Dhanin, his three brothers Jaran, Montri and Sumet and their cousins collectively own the group, which is one of Asia's largest conglomerates and operates in agriculture, telecommunications, marketing, distribution and logistics, international trading, petrochemicals, property and land development, crop integration, insurance, automotive, and pet foods.[citation needed]
Family businesses
edit- Ping An Insurance (Largest shareholder, world's largest insurance firm by market capitalization, valued at over US$200 billion as of November, 2017).[3]
- CP All (Second-largest 7-Eleven chain in the world with over 10,000 stores in Thailand)[3]
- C.P. Fresh Mart (Thailand-based chain selling frozen foods and finished products, with over 700 branches)[4]
- Charoen Pokphand (Holding company) [3]
- C.P. Land (Manages several Bangkok properties including C.P. Tower 1 & 2; listed through C.P. Land Infrastructure Fund; market capitalization of over U.S.$300 million)[citation needed]
- CP PC (Major plastic production manufacturer with plants in Thailand, China, and Vietnam).[3]
- C.P. Pokphand (Listed in Hong Kong, one of the world's largest producers of feed and one of China's leading agricultural companies, with factories nationwide)[5]
- Charoen Pokphand Foods (Operations in dozens of countries; world's largest producer of shrimp, animal feed; world's third-largest chicken and pork producer).[3]
- Chester's (major fast food chain in Thailand).[3]
- Concordian International School (Thailand).
- Lotus Supermarket Chain[6] (China)
- Dayang Motors (China's third-largest motorcycle manufacturer).[3]
- Magnolia Quality Development Corporation Limited (Thailand).
- Makro (Largest Cash & Carry retailer in Thailand).[7]
- Super Brand Mall, Shanghai.[8]
- True Corporation (A joint venture with Telenor, largest Internet Service Provider, Cable Television Network, and third largest Wireless Carrier in Thailand).[3]
- True Growth Infrastructure Fund (A $2 billion fund set up to manage True's extensive telecommunication assets including Thailand's largest fibre optic network and largest 3G & 4G cell networks. It became Thailand's second-largest IPO ever in late 2013. True Corp is True GIF's largest shareholder.[citation needed])
Notable members
editReferences
edit- ^ Henry Wai-Chung Yeung (2004). Chinese Capitalism in a Global Era: Towards a Hybrid Capitalism. Routledge. p. 105. ISBN 0-415-30989-1.
- ^ "Asia's wealthiest dynasties Chearavanont Family". Forbes. Retrieved 24 November 2017.
- ^ a b c d e f g h "CP Worldwide > OUR BUSINESS". Cpthailand.com. Archived from the original on 2014-08-06. Retrieved 2015-08-01.
- ^ "Agro-Industry & Food". Cpthailand.com. Archived from the original on 2015-07-25. Retrieved 2015-08-01.
- ^ "C.P. Pokphand Co. Ltd". Cpp.hk. 2015-04-15. Archived from the original on 2016-06-12. Retrieved 2015-08-01.
- ^ "Executive Profile: Soopakij Chearavanont". BusinessWeek. The McGraw-Hill Companies. Retrieved 26 July 2009.[dead link]
- ^ "CP All deal raises fear of market dominance - The Nation". Nationmultimedia.com. 2013-04-24. Retrieved 2015-08-01.
- ^ Horn, Robert (19 April 2004). "Chearavanont". Time. Archived from the original on March 7, 2008. Retrieved 28 April 2010.