Krit Ratanarak Net Worth is$3,100 $Million
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Krit Ratanarak (Thai: a,?a,?a,?a,?a?? a,?a,?a,?a,?a,?a,?a,?a,(C)a??) (born April 19, 1946) is the Chairman of Bangkok Broadcasting & Television Company (BBTV) and head of one of Thailanda??s leading family business groups. The Ratanarak family have substantial holdings in a number of Thai-based companies including Bank of Ayudhya, Siam City Cement, Ayudhya Allianz CP, Sri Ayudhya Capital, Matching Studio, Media of Medias and Eastern Star Real Estate as well as holding a majority stake in BBTV.
The Ratanarak family are known to be very private; Forbes call them a??a very secretive clana?? and Krita??s son Chachchon has been described as being a??influential while staying below the radar. The Ratanaraks are one of the few remaining a??old moneya?? families in Thailand. Krit took over the family businesses after the death of his father Chuan in 1993. Chuan Ratanarak was born in 1920 in China and his family came to live in Thailand when he was age 6. As a young man in the 1940s he started work in Bangkoka??s docks. He saved his income until he was able to buy his own ship and before long was running a successful shipping business. Over the coming years Chuan founded Bank of Ayudhya, Siam City Cement and Bangkok Broadcasting & Television Company, operator of Channel 7 Thailand, which has held more than 50% of the countrya??s audience share for more than three decades. By the 1980s Chuan had created a major diversified business group which in 2012 had a combined market value of more than US$13.5bn.
Krit joined Bank of Ayudhya in 1972 becoming President in 1982 and CEO in 1990. In 1993 he became Chairman and CEO of the bank, Chairman of BBTV, Chairman of Siam City Cement and Chairman of Ayudhya Insurance. In the late 1990s, Krit navigated Bank of Ayudhya and the other family businesses through the worst of the Asian financial crisis with the result that the Ratanaraks were one of only 8 business groups who had been in Thailanda??s top 40 in 1979 to survive in the top

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Krit Ratanarak Latest News

How Mitsubishi UFJ could skirt Thailand’s foreign ownership regulations for control of Bank of Ayudhya

But Mitsubishi may have a loophole. The Journal reports that Thailand’s fourth richest man, Krit Ratanarak—worth just under $2 billion according to Forbes—is in talks with Mitsubishi about jointly securing a majority share. Mr Krit was CEO and ...
Posted: June 14, 2013, 3:59 am

Thailand's 50 Richest 2016: Growth Pangs Spur Tycoons To Go On A Buying Binge

More than half of the 45 returnees to the list were poorer. Media tycoons suffered from a fall in advertising revenues. Krit Ratanarak saw $1.4 billion of his wealth erased, and Surang Prempree, former managing director of Krit’s Bangkok Broadcasting ...
Posted: June 1, 2016, 2:46 pm

Surang only gets richer

This is thanks in part to the strong performance of BBTV, Bank of Ayudhya, Siam City Cement and other companies controlled by fellow Thai rich lister Krit Ratanarak. Her net worth is now just over US$1 billion, up from $930 million in July, when the 2013 ...
Posted: October 11, 2013, 5:00 am
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