Chalerm Yoovidhya Explained

Chalerm Yoovidhya
Birth Place:Bangkok, Thailand
Nationality:Thai
Occupation:Businessman
Known For:51% stake in Red Bull GmbH
Spouse:Daranee Yoovidhya
Children:3, including Vorayuth Yoovidhya
Father:Chaleo Yoovidhya
Relations:Saravoot Yoovidhya (brother)

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

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.

Personal life

Chalerm is married to Daranee Yoovidhya, with three children, and lives in Bangkok, Thailand.[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]

See also

Notes and References

  1. News: Thaitrakulpanich . Asaree . Thailand's 50 Richest Less Rich due to Pandemic, But Still Pretty Rich . 4 April 2020 . Khaosod English . 3 April 2020.
  2. Web site: Chalerm Yoovidhya. Forbes. 2 April 2017.
  3. Web site: Daranee Yoovidhya Profile . Thailand Tatler . 2 April 2017.
  4. News: How the super-rich Thai family that co-founded Red Bull conceals its wealth, using offshore companies. 17 August 2017. South China Morning Post. AP. 14 January 2019.