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Wichai Thongthan Net Worth

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Net Worth $1.2 Billion

What is Wichai Thongthan Net Worth?

Wichai Thongthan, a prominent Thai entrepreneur, boasts a net worth of $1.2billion. Initially trained as a lawyer, Thongthan was in the limelight with such clients as former Thai Prime Minister Thaksin Shinawatra in a high-profile case of asset concealment in 2001. Some clients could not afford to pay for the legal fees and ended up settling with him through real estate, hence sparking his investment path.

Thongthan was a member of the board of directors of a number of companies listed on the stock exchange, including Bangkok Dusit Medical, with his wife holding a substantial 12% share. His financial acumen was further underscored when in September 2012, share prices in Bangkok Dusit Medical roared, making him land on the roster of some of the wealthiest people of Thailand. Since then, his wealth has doubled and soared to a remarkable 50%, firmly cementing his status as a billionaire.

Thongthan’s diversified portfolio includes a substantial 25% ownership in Cable Thai Holdings. One such investment that paid off for Cable Thai Holdings was when they managed to outbid much larger competitors to secure the rights to show English Premier League football in Thailand, Cambodia, and Laos until 2016. It was such ventures that added up to Thongthan’s burgeoning net worth.

FAQ about Wichai Thongthan Net Worth

  1. Who is Wichai Thongthan?
    • Wichai Thongthan is a prominent Thai entrepreneur who initially trained as a lawyer and later ventured into investment and business management.
  2. What is Wichai Thongthan net worth?
    • Wichai Thongthan net worth is $1.2 billion.
  3. How did Wichai Thongthan amass his wealth?
    • Thongthan began his career as a lawyer, representing influential figures such as the former Thai prime minister, Thaksin Shinawatra. As some clients compensated him with real estate, he ventured into investment. He secured positions on the boards of several publicly listed companies and made astute financial maneuvers, notably with Bangkok Dusit Medical and Cable Thai Holdings.
  4. What role did Bangkok Dusit Medical play in Wichai Thongthan’s wealth accumulation?
    • Thongthan holds a noteworthy 12% stake in Bangkok Dusit Medical, and his financial acumen was highlighted when the company’s shares surged in 2012, contributing significantly to his wealth.
  5. What is Cable Thai Holdings, and how does it relate to Wichai Thongthan’s wealth?
    • Cable Thai Holdings is a company in which Wichai Thongthan owns a substantial 25% ownership stake. This investment became particularly lucrative when the company secured broadcast rights for the English Premier League football in Thailand, Cambodia, and Laos, extending through 2016.
  6. How has Wichai Thongthan’s wealth evolved over time?
    • Since Thongthan’s initial foray into investment and business management, his wealth has seen remarkable growth, soaring by a remarkable 50% since 2012, firmly establishing him as a billionaire.
  7. What are some key milestones in Wichai Thongthan’s career that contributed to his net worth?
    • Thongthan’s career milestones include his representation of influential figures, his strategic investments in companies like Bangkok Dusit Medical and Cable Thai Holdings, and his ability to capitalize on opportunities such as the acquisition of broadcast rights for the English Premier League.
  8. What sectors does Wichai Thongthan’s diversified portfolio encompass?
    • Wichai Thongthan’s diversified portfolio includes investments in healthcare, represented by his stake in Bangkok Dusit Medical, as well as media and entertainment, exemplified by his ownership in Cable Thai Holdings.

Quick Summary

  1. Wichai Thongthan net worth 1.2 billion. Thongthan first came into the glare of the media in 2007 when he was practicing law and took up some high-profile clients that included former Thai Prime Minister Thaksin Shinawatra. Unable to fully rely on earnings from clients paying legal fees, Thongthan went into investment until he was able to secure positions on the boards of several public-listed companies, including Bangkok Dusit Medical. Among his wise investments, those in Cable Thai Holdings have significantly propelled his wealth to make him one of the richest personalities in Thailand.
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