Charoen Sirivadhanabhakdi, Thailand’s richest man, has officially allocated shares in the holding companies controlling approximately 66% of Thai Beverage Pcl (ThaiBev) to his five children, marking a significant step in the family’s succession planning.
However, this move does not yet constitute a complete handover of control of the beverage giant. According to documents filed with the Singapore Exchange on June 23, the children of the 80-year-old billionaire have entered into a special shareholders’ agreement, granting their father “management and decision-making authority over all matters relating to the business and assets” of the group.
This means that the crucial question of who will ultimately take over the reins of his vast business empire remains unanswered, despite the accelerated succession planning.
Charoen Sirivadhanabhakdi, Thailand’s richest man
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Charoen currently has a net worth of $10.9 billion, according to the Bloomberg Billionaires Index. The cornerstone of this wealth is Thai Beverage, the producer of the famous Chang beer brand, which also operates whisky distilleries across Scotland and is the parent company of Sabeco (HOSE: SAB).
This move is part of a succession plan that Charoen and his late wife had prepared beforehand.
Among the heirs, the eldest son, Thapana Sirivadhanabhakdi, currently serves as the CEO of ThaiBev. Following the restructuring, he will share the family’s controlling stake in ThaiBev with his brother, Panote, who is currently the CEO of Frasers Property Ltd., a Singapore-listed real estate developer.
Thapana Sirivadhanabhakdi
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The three sisters will also receive corresponding shares: Atinant Bijananda, Wallapa Traisorat, and Thapanee Techajareonvikul. Notably, all three hold important leadership positions within the family’s business ecosystem.
Specifically, Thapanee Techajareonvikul is currently the CEO of Berli Jucker Pcl, a diversified conglomerate that owns the Big C retail chain. Wallapa Traisorat, on the other hand, heads Asset World Corp., a company specializing in hospitality and services in Thailand.
Vu Hao (According to Bloomberg)
– 10:17 24/06/2025
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