The website content has been checked for the correctness to the best of our ability and understanding. However, We are not liable for any loss or damage to a person or a third party resulting from usage of contents of this web site.
Indian origin Nishita Shah 19th richest in Thailand
Tag it:
July 12, 2008 by Bupha Ravirot
Recently, Forbes Asia published a Thailand rich list on July, 10 2008 in Singapore. The rankings are almost filled with the same face as in the lists of 2006 and 2007. The Asia rich lists have been sponsored by SG Private Banking (Asia Pacific).
Chaleo Yoovidhya 76-year old, the Thailand richest, worth $4 billion, returns to his number one spot. He is $500 million, thanks to strong global sales of his Red Bull energy drink. Turnover for the energy drink nearly doubled since 2004 to $4.2 billion, and a cola version of the beverage is in the offing.
The second richest separated by $100 million from Thailand's richest. Charoen Sirivadhanabhakdi. The 64-year old beer maker is running up, his wealth grow by $600 million to $3.9 billion. The street vendor's son got rich in whiskey and beer, and took his company Thai Beverage public in Singapore two years ago. Charoen and Chaleo are first-generation entrepreneurs who still hold the bulk of their wealth, an increasing rarity among the top 40.
The notable and outstanding rich woman in all rankings is clearly seen to be Nishita Shah, an Indian origin who is the youngest on the list along with her family, she is ranked No. 19 and worth $375 million. The 28-year old is featured in a profile story in this week's issue of Forbes Asia. She spoke about her plan of launching her own fashion label "Nsha" on three continents at the end of the year as well as helping to manage her family's 140-year old business which includes Thai-listed Precious Shipping as her farther, Kirit Shah, last year made her a managing director of GP Group.
Nishita was born to be a business woman. To follow her father's steps, she had graduated from Boston University with a degree in business and finance. For four years she learned all about the various companies, visiting most of them.
"My dad said I could study anything I wanted as long as it was business," is her favorite speech.
Not business alone she concentrated on, but she also has gone through something "creative" as she like to say. Her father suggested that she had fulfilled one of his own dreams and study flying. She earned an instrument rating for a single-engine plane and a private pilot's license. In between flights she took yoga and surfing lessons.
With her clothing company "Burn Baby" with a mission statement "luxury active wear" for "modern urbanite women". Nishita is a hands-on executive. At the same time she continues to read coal, shipping and metal reports every morning and sits in on meetings on the 15 days of the month when her father is overseas.
Aside from Nishita Shah's companies, her father, Kirit, has collected stakes in all sorts of companies for the GP Group. Here are some of what GP's invested in, including the clan's percentage stakes: Alva Aluminum 75%, Amari Atrium Hotel 95, Ambika 100, Eka 75, Mega LifeSciences 75 , MJets 50 and Premthai Energy 100.
Other noteworthy richest from media fields are
Chairman and CEO of Bangkok Broadcasting & TV Krit Ratanarak is ranked No. 5 with his family. With a net worth of $1 billion, they are one of five individuals or families to make the billion-dollar club this year, compared with only three last year. Following closely behind are Praneetsilpa Vacharaphol & family at No. 6 with $940
Praneetsilpa Vacharaphol 76-year old& family at No. 6 with $940 million. Her late husband, Kampol, founded Thai Rath, largest newspaper in Thailand. She runs its foundation and with 38% stake, is its largest shareholder. Her son Saravut, the daily's editor- in-chief, and daughter Yinglak, its president, both own 28% and were listed separately last year.
Closely followed by Vichai Maleenont, 90-year-old& family ranked no.7
Worth $880 million. A high school graduate cofounded BEC World 38 years ago. Media group, which posted its best year in 2007, has 23 subsidiaries. Most of the income comes from Channel 3 TV network. He is still chairman, transferred shares to his children, 5 of whom are BEC executives, including Vice Chairman Prasan.
The nation's former prime minister Thaksin Shinawatra & family, he is ranked No. 16, Worth $400 million. He was ousted in 2006 coup and avoided corruption charges by moving to U.K. Thai authorities froze $2 billion in assets, largely from family's sale of Shin Corp. He founded telecom company. He bought Britain's Manchester City football club in 2007.
Another richest from media business Surang Prempree, 66 worth $335 million. She is ranked No. 20. She is the managing director of Bangkok Broadcasting & TV, cofounded by her late mother Reywadee Thienprapart and late brother Lieutenant Colonel Chaicharn Thienprapart.
The other remaining richest of Thailand whom are not yet mentioned are
3) Chirathivat family, $2.8 billion 4) Dhanin Chearavanont & family, $2 billion 5) Krit Ratanarak & family, $1 billion 8) Chamnong Bhirombhakdi & family, $820 million 9) Somporn Juangroongruangkit & family, $580 million 10) Anant Asavabhokin, $525 million 11) Sunsurn Jurangkool& family,$520 million 12) Prayudh Mahagitsiri & family, $515 million 13)Boonchai Bencharongkul & family, $475 million 14)Isara Vongkusolkit & family, $470 million 15) William E. Heinecke& family,$460 million 17)Vanich Chaiyawan & family,$390 million 18)Thongma Vijitpongpun, $380 million 21)Nantha Chinthammit & family, $330 million 22)Prasert Prasarttong-Osoth, $245 million 23) Prapa & Wit Viriyaprapaikit & family, $210 million 24)Niti Osathanugrah,$200 million 25) Premchai Karnasuta,$195 million 26)Vichai Raksriaksorn,$190 million 27)Chalerm Yoovidhya, $185 million 28)Kasem Narongdej & family,$180 million 29)Anek Sithiprasasana,$177 million 30)Petch & RatchOsathanugrah,$175 million 31)Porndee Lee-Issaranukul & family,$170 million 32)Vicha Poolvaraluck,$165 million 33)Nijaporn Charanachitta,$160 million 34)Vikrom Kromadit,$145 million 35)Phornthep Phornprapha E, $140 million 36)Kraisorn Chansiri & family, $115 million 37)Paiboon Damrongchaitham,$110 million 38)Plew Trivisvavet & family,$100 million 39)Sumate Tanthuwanit & family,$85 million 40)Malinee Kitaphanich & family, $65 million
Heartiest Congratulations to you, dear Ms. Nishita..
Posted by Sampa Kundu, on 04/17/2009 at 01:48
dearest Nishita, Congratulations,I feel very proud to know about your succes.I am from film industry Mumbai.I want to start film production company Ineed financiel healp from to you.I wish you more success in future.
Regards. sujit kumar kar. +9820693589.
Posted by sujit kumar kar, on 02/18/2009 at 05:30
Dear Nishita I feel very proud to know about your success. I am from merchant navy, presently working as 2nd engg in ships. i m interested in some shore job in thailand for which i hv visited bangkok this time. if you can help me. i wish you more success in future. longing to see u become the richest very soom. its within your reach. all the best. Manhar Seth
Posted by MANHAR SETH, on 01/27/2009 at 00:48
She is so beautiful, young, and rich. Wonderful future perspective.
Posted by Laneris, on 10/10/2008 at 21:28
congratulations to nihita shah..keep going ahead..i am proud to be indian
Posted by parvinder, on 09/29/2008 at 09:58
Heartiest congratualtions for an impressive growth leading to this recognition. It surely results from a dream, a visionary leadership and a strong team.
I have just moved out of Aditya Birla Group after a 20 year stint and shall look forward to be associated with your group, if possible.
Nishita stay focus and allways be humble. Im proud of you, keep it real.
Posted by Godfrey, on 09/12/2008 at 09:02
Congratulations and very very good luck hearty wish to you.you have made all indian proud and groath.and agian wish you 1st rank in thailand in future
Posted by Raj kumar shukla, on 09/04/2008 at 18:23
Nishita,
You have made an extra ordinary achievement! Do you have any plan to give some of your wealth to charity?
Posted by bp, on 08/29/2008 at 23:49
Chak De Chak De India,
Rgds,
Karan
Posted by karan Gill, on 08/25/2008 at 14:39
Dear Nishita..............today you have really made me and my friend kirit very proud good work,keep it up.............pankaj
Posted by pankaj joshi, on 08/24/2008 at 08:43
To Dear Miss Nishita,
Many Congratulations to you on your latest achievment of being ranked at 19th spot. but don't be relaxed i want to see you on TOP alltime. GOD Bless You 'You are proud Women' Take care... Regards Jeet
Posted by Jeet, on 08/21/2008 at 14:42
Congratulations Nishita. Pride of Gujarat & India. keep it up...
Posted by Zakir Vohra, on 08/21/2008 at 00:08
Congratulations and Wish to you Good Luck .... Good Helth for Nishita Shah.......Great Success and hope good news the top ranking soon. Best Regards juintong@sanook.com
Posted by juintong suwit, on 08/07/2008 at 00:29
Your credentials are impressive, you have made all Indians proud in Thailand. More importantly, I am highly impressed and some where there is a desire getting developed to work with you. I am a Legal Professional with a qualification of Company Secretaryship. I am sure the way you are expanding you need lot of Professionals like us and I would be proud to be associated with your Expanding Geographical Business. i am sure it would reach you and You would keep this in mind. Here is wishing you all the very best for all your future endeavours and may god bless you with every thing you aspire for. Best of Luck. Navneet K. Gupta
Posted by NAVNEET K. GUPTA, on 07/18/2008 at 13:34
NISHITA IS PRIDE FOR INDIAN ORIGINS LIVING IN THAILAND. WANT TO SEE ON 1ST RANK. CONGRATULATIONS....
Posted by Tejaswi, on 07/15/2008 at 20:41
Heartiest Congratulations and Best of Luck to raise the ranking in top 5 in coming years..
Posted by Dharmesh, on 07/14/2008 at 09:31
well you have carved the crown to India in Thailand. Deep hearty congrates NISHITA. Slautes for your sucess.Keep soaring high to touch the ultimate zenith.
Mohd Iqbal Kuchay (Lucky) Manager Marketing P P A.J(1999) Co., Ltd(Automotive Ind.) Chonburi Thailand 0846952848
Posted by Mohd Iqbal kuchay, on 07/13/2008 at 21:09
Dear nishita, really i am very happy and congrates you for this success.basically i am related to ladies garment export company vinesh bhansali 009892469386 mumbai india
Posted by vinesh bhansali (jain), on 07/13/2008 at 14:48
Dear Kirit I have been with Aditya Birla Group in Bangkok and i have known you well as a dynamic leader, with great business acumen and ability to take risks but with a clear laid out stratrgy. we are happy Nishita has been groomed well and given free hand to set up her own business. I remember Mr G.D.Birla did the same thing with Mr Aditya Birla ,asking AVB to set up a spinniing mill in india and also set up textile business in Thailand. Wish you a great success for you and Nishita
vtmoorthy
Posted by vtmoorthy, on 07/12/2008 at 22:58
Congratulations Nishita...
Posted by max, on 07/12/2008 at 18:40
Kudos u r doing Indians proud.
Posted by Sandeep Ajitsaria, on 07/12/2008 at 18:35
Congratulations and good Luck Nishita for the continuous growth in your business.we had been to your house in the year 1990 with Geeta and Guru (Doctor)from Hubli,they were your parents friends, your room was full of Barbies... email back,would like to get to know your parents.
Posted by Geeta, on 07/12/2008 at 16:41
I am looking forward to join ur organisation as a HR Manger.pl reply, Gauatm Chaudhury babuni47@yahoo.com
Posted by Gauatm Chudhury, on 07/12/2008 at 11:00
Congratulations are in order for Nishita Shah. With her strong base she should take her business to new heights. Good Luck and hope the ranking jumps up in the next listing.
News 
Recently, Forbes Asia published a Thailand rich list on July, 10 2008 in Singapore. The rankings are almost filled with the same face as in the lists of 2006 and 2007. The Asia rich lists have been sponsored by SG Private Banking (Asia Pacific).
Not logged