News Forum - Thailand’s billionaire trio makes Forbes’ 2023 list of world’s richest

[Thaiger]

Forbes yesterday released its annual list of the world’s billionaires, and Thailand has its hands in the till with 28 billionaires, three of whom are ranked in the top 150. The list includes Dhanin Chearavanont, Charoen Sirivadhanabhakdi, and Sarath Ratanavadi, whose net worths range from US$12.3 billion to US$14.9 billion. Despite this achievement, the year …

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[JJJ]

This sentence LOLZ: “Thailand’s success on the Forbes list is a testament to the country’s thriving economy, with a strong presence in sectors such as food and agriculture, alcohol and real estate, and energy. ”

I needed a good laugh. Yup that’s the reason. 

[Marc26]

7 hours ago, JJJ said:

This sentence LOLZ: “Thailand’s success on the Forbes list is a testament to the country’s thriving economy, with a strong presence in sectors such as food and agriculture, alcohol and real estate, and energy. ”

I needed a good laugh. Yup that’s the reason. 

I agree with you

 

But just by personal experience and being around

Thais seem to be much more well off now than 15-20 years ago

[thaicm]

So half the world's billionaires were poorer than the year before.  My heart goes out to them.

[Augratin]

Quote

 

The trickle-down theory is a model suggesting that tax cuts for corporations and the wealthy will eventually benefit the middle class and poor.

The theory suggests that by allowing the wealthy to keep more of their money, they will invest it in businesses, creating new jobs and more economic activity. This in turn will create a trickle-down effect, allowing more people to benefit from the increased economic activity.

With more poor people living in poverty than ever before, it is clear the theory does not work.

 

Glad they finally figured this out.