Thailand’s wealthiest saw their fortunes plummet amid coronavirus woes
, who’s been on an acquisition binge, took a big hit in percentage terms. Lohia’s net worth more than halved to $1.09 billion as shares of his Indorama Ventures declined 57% in the past 11 months. Theof CP Group, who in March successfully bid $10.6 billion for Tesco’s Thai and Malaysian operations, also suffered a decline, but retained the No. 1 spot with $27.3 billion.
Despite crashing oil prices, Sarath became $1.6 billion richer as his company launched more gas-fired power plants and took on new projects, such as ports and roads.a senior police officer, makes his debut after the November listing of his family’s biomass power producer, Absolute Clean Energy. The other new face is low profile investor, who owns a valuable stake in credit card issuer Krungthai Card, among other investments.
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