**Thailand’s Chearavanont Family Ranks as Asia’s Second Richest**
The Chearavanont family of Thailand has recently been recognized as the second richest family in Asia, according to Bloomberg’s Asia’s 20 Richest Families of 2025 list, following India’s Ambani family. With a staggering net worth of $42.6 billion, the Chearavanont family has built its wealth through the Charoen Pokphand (CP) Group, a vast conglomerate involved in various sectors including food, retail, and telecommunications.
**About the Chearavanont Family**
Based in Bangkok, the Chearavanont family’s fortune is primarily derived from the CP Group, which was founded by Chia Ek Chor. His son, Dhanin Chearavanont, currently leads the conglomerate, sharing the wealth with his three brothers and other relatives. Dhanin serves as the senior chairman of CP Group, one of Thailand’s largest business entities.
The family’s entrepreneurial journey began in 1921 when Chia Ek Chor fled a typhoon-stricken village in southern China to start anew in Thailand. He and his brother opened a small shop selling seeds imported from China to local farmers. Over the years, the family expanded its operations across Asia, diversifying into various industries such as retail, telecommunications, and food production.
Dhanin Chearavanont played a pivotal role in modernizing the family business, bringing in external professionals to help manage its growth. In his autobiography, he noted, “Novices can only run a business for so long before its operations become too large and complex for them to handle.”
Today, the CP Group boasts a portfolio of 14 business groups operating in 21 countries, making it one of the world’s largest producers of animal feed and livestock. The conglomerate also has significant interests in e-commerce, finance, healthcare, and real estate.
**Bloomberg’s Asia’s 20 Richest Families of 2025**
The Bloomberg Asia’s 20 Richest list, compiled as of January 31, 2025, highlights some of the wealthiest families across the continent. Mukesh Ambani’s family tops the list with a remarkable net worth of $90.5 billion, making them the richest family in Asia. The list excludes first-generation wealth, such as that of Gautam Adani.
Among the other notable families featured are six from India, including the Mistry family of the Shapoorji Pallonji Group with $37.5 billion, the Jindal family of OP Jindal Group with $28.1 billion, the Birla family of Aditya Birla Group with $23 billion, the Bajaj family of Bajaj Group with $20.1 billion, and the Hinduja family of Hinduja Group with $15.2 billion.
