Thai Tycoon Adds $2.5 Billion to His Wealth on Beer, Spirits
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Thailand’s richest man added $2.5 billion to his fortune this year even before snapping up Starbucks Corp.’s local operations to cement his group’s position as a consumer-sector titan.
Charoen Sirivadhanabhakdi’s net worth has risen to $13.4 billion mostly due to a 32% gain in Singapore-listed Thai Beverage Pcl shares, according to the Bloomberg Billionaires Index. A company affiliate is part of a venture buying out Starbucks’ Thai operations, a transaction that could value the business at more than $500 million.