Who is Thailand’s Chearavanont family? The second richest in Asia after Ambanis
- The Chearavanont family has been ranked as the second richest family in Asia, right after Mukesh Ambani's family. The Thailand-based family, which runs the CP Group, has a net worth of $42.6 billion, according to Bloomberg data.
Thailand’s Chearavanont family was recently ranked as the second richest family in Asia by Bloomberg after the Ambani family of India. According to the Asia’s 20 Richest Families of 2025 list, the Chearavanont family has amassed $42.6 billion through its Charoen Pokphand conglomerate.
Here is everything you need to know about Thailand’s Chearavanont family, the second richest family in Asia.
The Chearavanont family
The Chearavanont family, with its net worth of over $42 billion, has businesses ranging from food and retail to telecom. The business of the Sino-Thai family, based in Bangkok, spreads across Asia.
The family’s wealth stems from the agribusiness behemoth Charoen Pokphand (CP) Group, led by founder Chia Ek Chor's son Dhanin Chearavanont who shares the fortune with his three brothers and other relatives.
Dhanin Chearavanont serves as the senior chairman of the conglomerate, which is one of the largest in Thailand.
The roots of the business goes back to 1921, when Chia Ek Chor fled his “typhoon-ravaged” village in southern China to begin a new life in Thailand. At that time, Chia Ek Chor and his brother set up a small shop to sell seeds imported from China in the Thai market to farmers.
Over time, the family grew its business geographically across Asia, and spread its arms across industries such as retail, telecom and food. The exponential growth of CP Group can be attributed to Dhanin, who first had the vision of transforming the family business into a modern one. He brought in professionals from outside to support this dream of his.
“Novices can only run a business for so long before its operations become too large and complex for them to handle,” Dhanin wrote in his autobiography series published by Nikkei Asia.
The CP Group has a portfolio of 14 business groups spanning across 21 nations and economies. It is one of the world’s largest animal feed and livestock producers, and also has presence in sectors such as e-commerce, finance, healthcare and real estate.
Bloomberg Asia's 20 Richest Families of 2025
The Bloomberg Asia's 20 Richest list is a compilation of some of the richest families in the continent. The list this year was compiled as of January 31, 2025.
The list, which pegged Mukesh Ambani's family as the richest in India, excludes first-generation wealth, including that of Gautam Adani.
Six Indian families are part of the the rich list, while others include Hong Kong’s Kwok family and Kweks from Singapore and Malaysia.
Ambani Family richest; Bajaj, Hinduja feature in list
Mukesh Ambani's family, with a staggering wealth of $90.5 billion, has been touted as the richest Asian family in 2025.
Other Indian names include the Mistry family of the Shapoorji Pallonji Group with a wealth of $37.5 billion, the Jindal family of OP Jindal Group with a $28.1 billion wealth, Aditya Birla Group's Birla family ($23 billion), Bajaj family of Bajaj Group with $20.1 billion net worth and the Hinduja family of Hinduja Group with $15.2 billion wealth.
(This story has been updated to add more information)
- The Chearavanont family’s journey showcases the power of entrepreneurial vision and strategic professionalization.
- Diversification across various industries can significantly bolster wealth and stability.
- Understanding the historical context of a family’s wealth can provide insights into current business practices and successes.
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