Prasert richest man on SET

Who's the richest man in Thailand? If you go by holdings on the Stock Exchange of Thailand (SET), it is Prasert Prasarttong-osoth, who takes the title for the second consecutive year.

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Prasert richest man on SET

Prasert Prasarttong-osoth

Who's the richest man in Thailand? If you go by holdings on the Stock Exchange of Thailand (SET), it is Prasert Prasarttong-osoth, who takes the title for the second consecutive year.

His publicly listed shares were worth 57.91 billion baht as of September 30, up an amazing 58.24% from the previous year.

And that doesn't count his holdings in Bangkok Airways Plc (BA), which debuted on the SET after the ranking was compiled. Dr Prasert held 18.24% in BA as of Oct 27. Based on Thursday's closing price, his stake in the carrier was worth 8.28 billion baht.

The annual ranking, conducted by the Money & Banking magazine and Chulalongkorn University's Faculty of Economics took into account only public information of shareholders and did not include holdings by nominees or family members.

Trailing him in the 2014 ranking was Thongma Vijitpongpun, chairman of the executive committee and CEO of Pruksa Real Estate Plc (PS), who fell to fifth in the previous year.

Mr Thongma's 54.59% stake in PS was worth 41.58 billion baht, up 63.36% from 2013. The gain was largely due to higher valuation of the stock, which surged 75.64% year-on-year to 34.25 baht a share.

Share prices, of course, can change dramatically from year to year, so who knows who next year's winner will be.

Adapted from a story by our online reporters

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