Formula 1 News: Red Bull Yoovidhya family now richest in Thailand

Red Bull co-owner Chalerm Yoovidhya heads Thailand’s richest family according to the latest Forbes list, surpassing the Chearavanont brothers.

Forbes Asia said on Wednesday that Mr Chalerm’s family increased their wealth by US$2.6 billion to $36 billion. It said Red Bull’s revenue exceeded $11 billion last year with global sales of more than 12 billion bottles and cans.

Charoen Sirivadhanabhakdi of Thai Beverage remains in third position.

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

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