With an estimated net worth of US$16.9 billion, Dhanin Chearavanont is the wealthiest person in Thailand, according to CEOWorld Magazine’ s Thailand Rich List Index for 2019. Chearavanont is the senior chairman of Charoen Pokphand Group (CP), one of the world’s largest producers of animal feed and livestock. The number two spot was occupied by Charoen Sirivadhanabhakdi with a net worth of US$16.6 billion. The self-made billionaire runs Thailand’s largest brewer, Thai Beverage, known for its Chang beer. Gulf Energy Development CEO Sarath Ratanavadi sits in third place with US$9 billion, while Aiyawatt Srivaddhanaprabha and Sumet Jiaravanon rounded up the top five wealthiest people in Thailand with US$5 billion and US$4.6 billion, respectively. Jaran Chiaravanont holds the sixth spot with a whopping net worth of US$4.5 billion. Jaran Chiaravanont is the eldest of four brothers behind CP. The list focuses on independent business wealth. Thailand’s King Maha Vajiralongkorn, officially known as King Rama X, is the richest royal in the world , with an estimated fortune of US$43 billion. According to the financial publication’s annual listing, 2019 saw the total wealth of the top 10 richest people in Thailand hit a record high of US$70.9 billion. Meet the Ambanis, the richest family in Asia, who live in a USUS$1 billion skyscraper To identify the wealthiest people in Thailand, CEOWorld Magazine reviewed numerous national and international media reports. Additional information about the billionaires came from Forbes ’ global index, the Bloomberg Billionaires Index, Hurun Report’s rich list and the magazine’s own wealth index. The Thailand Rich list was compiled using shareholding and financial information obtained from media reports and individuals, analysts, stock exchanges and regulatory agencies. This list encompasses family fortunes, including those shared among extended families of multiple generations. The minimum to make the list was US$1.1 billion. The world’s 21 richest royals revealed The complete list 1. Dhanin Chearavanont: US$16.9 billion 2. Charoen Sirivadhanabhakdi: US$16.6 billion 3. Sarath Ratanavadi: US$9 billion 4. Aiyawatt Srivaddhanaprabha: US$5 billion 5. Sumet Jiaravanon: US$4.6 billion 6. Jaran Chiaravanont: US$4.5 billion 7. Montri Jiaravanont: US$4.4 billion 8. Harald Link: US$3.5 billion 9. Prasert Prasarttong-Osoth: US$3.3 billion 10. Chuchat Petaumpai & Daonapa Petampai: US$3.1 billion 11. Vanich Chaiyawan: US$3 billion 12. Krit Ratanarak: US$2.6 billion 13. Keeree Kanjanapas: US$2.6 billion 14. Prachak Tangkaravakoon: US$2.4 billion 15. Somphote Ahunai: US$2.3 billion 16. Kiat Chiaravanont: US$2 billion 17. Prayudh Mahagitsiri: US$1.9 billion 18. Wichai Thongtang: US$1.9 billion 19. William Heinecke: US$1.9 billion 20. Thaksin Shinawatra: US$1.9 billion 21. Niti Osathanugrah: US$1.8 billion 22. Chatchai Kaewbootta: US$1.4 billion 23. Phongthep Chiaravanont: US$1.3 billion 24. Yupa Chiaravanond: US$1.3 billion 25. Prathip Chiravanond: US$1.3 billion 26. Manas Chiaravanond: US$1.2 billion 27. Sathien Setthasit: US$1.2 billion 28. Thongma Vijitpongpun: US$1.2 billion 29. Rit Thirakomen: US$1.2 billion 30. Surin Upatkoon: US$1.1 billion 31. Anant Asavabhokin: US$1.1 billion Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter . This article originally appeared on CEOWorld Magazine .