Chalerm Yoovidhya

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Chalerm Yoovidhya
BornSeptember 1950 (age 73)
Bangkok, Thailand
OccupationBusinessman
Known for51% stake in Red Bull GmbH
SpouseDaranee Yoovidhya
Children3, including Vorayuth Yoovidhya
Father Chaleo Yoovidhya

Chalerm Yoovidhya (born 1950) is a Thai billionaire businessman and co-owner of Red Bull GmbH. As of 2020, Forbes estimates his net worth at US$33.4 billion. [1]

Contents

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]

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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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. 1 2 3 "Chalerm Yoovidhya". Forbes. Retrieved 2 April 2017.
  3. 1 2 "Daranee Yoovidhya Profile". Thailand Tatler. Retrieved 2 April 2017.
  4. 1 2 "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.