The Sirivadhanabhakdi family (Thai: สิริวัฒนภักดี) is a Sino-Thai business family and one of the wealthiest in Thailand. The family is headed by Charoen Sirivadhanabhakdi, who made his fortune in the alcoholic beverages business and has since, through many major acquisitions, expanded the family's holdings into other food and drink properties, real estate, retail, and other industries. The family has controlling stakes in the listed companies ThaiBev, Oishi Group, Berli Jucker, Big C Supercenter, Fraser and Neave, Frasers Property, Asset World Corporation, among others, held both directly and under their holdings banner TCC Group.[1][2][3] It is regarded as one of the big five business families that dominate business in Thailand.[4]
History
[edit]Charoen was born in Bangkok in 1944, the second of eleven children. His father, a street vendor, was a Teochew immigrant from Shantou, among the last generation of immigrants to arrive before the Chinese Communist Revolution ended migration in 1949. The family, of the Soh/Su (蘇) clan, first took the Thai surname Srisomburananont (ศรีสมบูรณานนท์). The name Sirivadhanabhakdi—from Pali siri 'prosperity' + vaḍḍhana 'increasing' + Sanskrit bhakti 'devotion'—was granted to Charoen and his descendants by King Bhumibol Adulyadej in 1988.[5]
Charoen has five children with his wife Wanna Sirivadhanabhakdi (1943–2023): Atinant Bijananda, Wallapa Traisorat, Thapana Sirivadhanabhakdi, Thapanee Techajareonvikul, and Panote Sirivadhanabhakdi. They have since taken up executive positions in various branches of the family's business empire.[6]
People
[edit]Family members include:
- Charoen Sirivadhanabhakdi (born 1944), Thai billionaire businessman
- Wanna Sirivadhanabhakdi (วรรณา สิริวัฒนภักดี; 2 March 1943–17 March 2023), wife of Charoen; served several executive positions including Vice-Chairwoman of ThaiBev.[7][8]
- Atinant Bijananda, eldest daughter
- Chotiphat Bijananda, husband of Atinant
- Wallapa Traisorat, second daughter
- Soammaphat Traisorat, husband of Wallapa
- Thapana Sirivadhanabhakdi (born 1974/75), third child and elder son, CEO of ThaiBev
- Papatchya Sirivadhanabhakdi (née Thienprasiddhi), wife of Thapana
- Thapanee Techajareonvikul
- Aswin Techajareonvikul, husband of Thapanee
- Panote Sirivadhanabhakdi
- Trinuch Chakrabandh Sirivadhanabhakdi, wife of Panote
TCC Group
[edit]
The family has extensive business properties spanning several industries, held both directly by its individual members and through a network of holding companies collectively branded as TCC Group.[9]
Food and beverage
[edit]- ThaiBev[a]
- Producer of Chang beer and other alcoholic beverages
- Fraser and Neave[a]
- Singapore-based food and drink conglomerate, acquired in 2013
- Sermsuk[a]
- Producer of Est Cola and other non-alcoholic beverages
- Oishi Group[a]
- Ready-to-drink tea beverages and restaurant chains
Industrial and trading business
[edit]Most businesses in this group are under Berli Jucker, a long-standing industrial conglomerate founded in 1882, of which Charoen acquired a majority in 2001.[9]
- Berli Jucker[a]
- Manufacture and distribution of consumer and healthcare products, among various other businesses
- Berli Jucker Foods
- Packaged snacks
- Berli Jucker Logistics
- Retail logistics services
- Asia Books
- Bookstore chain
- Rubia Industries
- Soap, cosmetics and confectionery manufacturer
- TCC Technology
- IT services
- Thai Glass Industries[a]
- Glass packaging (jars and bottles)
- Thai-Scandic Steel
- Galvanized steel structures
Finance and insurance
[edit]This group originated as Southeast Insurance in 1946, and expanded into other services.[9]
- Southeast Insurance[a]
- Insurance; liquidated following heavy losses in the COVID-19 pandemic
- Southeast Life Insurance[a]
- Life insurance
- Southeast Capital
- Fleet vehicle leasing
Property and real estate
[edit]This group operates as TCC Land, Asset World Corporation,[a] Golden Land,[a] Univentures,[a] and other associated companies. It has done property development in the following categories:[9]
- Hospitality
- Owns a large number of hotels, mostly operated by international chain brands
- Retail
- Developer of shopping centres, including Pantip Plaza and Asiatique
- Commercial offices
- Properties include Empire Tower
- Residential development
- Several condominium towers
- MICE
- NCC Management and Development operates Queen Sirikit National Convention Center
- Leisure
- Rajpruek Club and other golf courses
- Master planning
- Large-scale development, including the One Bangkok mega-project
Agriculture and agro-industry
[edit]The group has several agricultural business interests in the following areas:[9]
- Plantations and processing
- Vertically integrated agri-businesses in several crops including rubber (Lastica), pineapples (Siam Food,[a] one of the largest exporters globally), oil palms, and coffee
- Sugar
- Operating under the Cristalla brand, with associated ethanol production by Thai Alcohol[a]
- Related businesses
- Fertilizers and other services under the Terragro group
- Agricultural commodities trading
- Done by Plantheon Trading
Retail
[edit]Charoen acquired a majority in Big C Supercenter[a] in 2016.[1]
Notes
[edit]References
[edit]- ^ a b "Charoen Sirivadhanabhakdi". Forbes. Retrieved 17 January 2024.
- ^ "Sirivadhanabhakdi family/TCC group". Nikkei Asia. 1 December 2016. Retrieved 17 January 2024.
- ^ Jittapong, Khettiya (22 January 2013). "Thai billionaire Charoen builds empire with F&N takeover". Reuters. Retrieved 17 January 2024.
- ^ Crispin, Shawn W. (13 December 2019). "Thailand's 'five families' prop and imperil Prayut". Asia Times. Retrieved 17 January 2024.
- ^ Ono, Yukako (11 January 2018). "CEO in the news: Thailand's M&A king lives up to his reputation with Saigon Beer deal". Nikkei Asia. Retrieved 17 January 2024.
- ^ Wailerdsak, Natenapha (31 May 2023). Business Groups and the Thailand Economy: Escaping the Middle-Income Trap. Taylor & Francis. ISBN 978-1-000-88596-5.
- ^ "Khunying Wanna of ThaiBev dies". Retrieved 17 March 2023.
- ^ "LADY WANNA, WIFE OF CHAROEN SIRIVADHANABHAKDI, HAS DIED AT 80". Khaosod English. 17 March 2023. Retrieved 19 March 2023.
- ^ a b c d e "โครงสร้างกลุ่มธุรกิจ". T.C.C Group (in Thai). Retrieved 17 January 2024.