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Chalerm Yoovidhya

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Chalerm Yoovidhya
BornSeptember 1950 (age 72)
Bangkok, Thailand
NationalityThai
OccupationBusinessman
SpouseDaranee Yoovidhya
Children3, including Vorayuth Yoovidhya
ParentChaleo Yoovidhya

Chalerm Yoovidhya (Chinese: 許書恩; pinyin: Xǔ Shū'ēn; born 1950) is a Thai billionaire businessman and heir to the Red Bull fortune. As of 2020, Forbes estimates his net worth at US$20.2 billion.[1]

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Traditional Chinese characters

Traditional Chinese characters

Traditional Chinese characters are one type of standard Chinese character sets of the contemporary written Chinese. The traditional characters had taken shapes since the clerical change and mostly remained in the same structure they took at the introduction of the regular script in the 2nd century. Over the following centuries, traditional characters were regarded as the standard form of printed Chinese characters or literary Chinese throughout the Sinosphere until the middle of the 20th century, before different script reforms initiated by countries using Chinese characters as a writing system.

Pinyin

Pinyin

Hanyu Pinyin, often shortened to just pinyin, is the official romanization system for Standard Mandarin Chinese in China, and to some extent, in Singapore and Malaysia. It is often used to teach Mandarin, normally written in Chinese form, to learners already familiar with the Latin alphabet. The system includes four diacritics denoting tones, but pinyin without tone marks is used to spell Chinese names and words in languages written in the Latin script, and is also used in certain computer input methods to enter Chinese characters. The word Hànyǔ literally means "Han language", while Pīnyīn (拼音) means "spelled sounds".

Billionaire

Billionaire

A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real-time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.

Red Bull

Red Bull

Red Bull is a brand of energy drinks created and owned by the Austrian company Red Bull GmbH. With a market share of 38%, it is the most popular energy drink brand as of 2019, and the third most valuable soft drink brand behind Coca-Cola and Pepsi. Since its launch in 1987, more than 100 billion cans of Red Bull have been sold worldwide, including over 11.5 billion in 2022.

Forbes

Forbes

Forbes is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include Fortune and Bloomberg Businessweek. Forbes has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide.

Early life

Chalerm Yoovidhya is the eldest son of Chaleo Yoovidhya, the originator of Krating Daeng and co-creator of the Red Bull brands of energy drinks.[2] His brother Saravoot Yoovidhya runs Red Bull in Thailand, and is a main board director of Kasikorn Bank.[2]

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Chaleo Yoovidhya

Chaleo Yoovidhya

Chaleo Yoovidhya was a Thai businessman and investor. He was the originator of Krating Daeng (กระทิงแดง) and co-creator of the Red Bull brand of energy drinks. At the time of his death in 2012 at the age of 88, he was listed as the third-richest person in Thailand, with an estimated net worth of US$5 billion.

Krating Daeng

Krating Daeng

Krating Daeng is a non-carbonated energy drink created by Chaleo Yoovidhya. The drink is marketed and sold primarily in Southeast and East Asia; its derivative, Red Bull, is available worldwide in 165 countries.

Red Bull

Red Bull

Red Bull is a brand of energy drinks created and owned by the Austrian company Red Bull GmbH. With a market share of 38%, it is the most popular energy drink brand as of 2019, and the third most valuable soft drink brand behind Coca-Cola and Pepsi. Since its launch in 1987, more than 100 billion cans of Red Bull have been sold worldwide, including over 11.5 billion in 2022.

Energy drink

Energy drink

An energy drink is a type of drink containing stimulant compounds, usually caffeine, which is marketed as providing mental and physical stimulation. They may or may not be carbonated and may also contain sugar, other sweeteners, herbal extracts, taurine, and amino acids. They are a subset of the larger group of energy products, which includes bars and gels, and distinct from sports drinks, which are advertised to enhance sports performance. There are many brands and varieties in this drink category.

Personal life

Chalerm is married to Daranee Yoovidhya, with three children, and lives in Bangkok, Thailand.[2][3] Their children are Varangkana Kritakara, Varit and Vorayuth Yoovidhya.[3]

Chalerm and his wife have both been mentioned in connection with the Panama Papers, owning five multi-million-dollar properties in London, via Karnforth Investments which is incorporated in the British Virgin Islands.[4] Their holdings in Red Bull are owned through a complex web of British Virgin Islands companies including Karnforth, Jerrard Company Ltd., and JK Fly. Mossack Fonseca's auditors raised concerns about the arrangements in 2010 and 2013.[4]

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Bangkok

Bangkok

Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies 1,568.7 square kilometres (605.7 sq mi) in the Chao Phraya River delta in central Thailand and has an estimated population of 10.539 million as of 2020, 15.3 percent of the country's population. Over 14 million people lived within the surrounding Bangkok Metropolitan Region at the 2010 census, making Bangkok an extreme primate city, dwarfing Thailand's other urban centres in both size and importance to the national economy.

Panama Papers

Panama Papers

The Panama Papers are 11.5 million leaked documents that were published beginning on April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, former Panamanian offshore law firm and corporate service provider Mossack Fonseca, and compiled with similar leaks into a searchable database.

British Virgin Islands

British Virgin Islands

The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territory in the Caribbean, to the east of Puerto Rico and the US Virgin Islands and north-west of Anguilla. The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles and part of the West Indies.

Mossack Fonseca

Mossack Fonseca

Mossack Fonseca & Co. was a Panamanian law firm and corporate service provider. At one time it was the world's fourth-largest provider of offshore financial services. From its 1977 foundation until the April 2016 publication of the Panama Papers, it remained mostly obscure, even though it sat at the heart of the global offshore industry and acted for about 300,000 companies. More than half were registered in British tax havens, as well as in the United Kingdom.

Source: "Chalerm Yoovidhya", Wikipedia, Wikimedia Foundation, (2023, March 10th), https://en.wikipedia.org/wiki/Chalerm_Yoovidhya.

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See also
References
  1. ^ Thaitrakulpanich, Asaree (3 April 2020). "THAILAND'S 50 RICHEST LESS RICH DUE TO PANDEMIC, BUT STILL PRETTY RICH". Khaosod English. Retrieved 4 April 2020.
  2. ^ a b c "Chalerm Yoovidhya". Forbes. Retrieved 2 April 2017.
  3. ^ a b "Daranee Yoovidhya Profile". Thailand Tatler. Retrieved 2 April 2017.
  4. ^ a b "How the super-rich Thai family that co-founded Red Bull conceals its wealth, using offshore companies". South China Morning Post. AP. 17 August 2017. Retrieved 14 January 2019.


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