Krit Ratanarak

$1.79 B

Ranked #2156 in World

About Krit Ratanarak

Thai-Chinese tycoon Krit Ratanarak, known for his impactful leadership across Thai finance and media sectors, extends his legacy through diverse corporate interests. As the chair of Bangkok Broadcasting & Television and former Thai Senator, Ratanarak champions multiple enterprises including Bank of Ayudhya and Siam City Cement. Born into the discrete yet influential Ratanarak family, he has strategically guided his family's businesses through economic upheavals by embracing international partnerships and financial prudence, ensuring a resilient financial footprint with significant holdings in Thailand's leading companies.

Born

April 19, 1946 in Bangkok, Thailand

Age

79 years

Source Of Wealth

Media, Real Estate

Industries

Media & Entertainment

Citizenship

Thailand

Residence

Bangkok

Spouse

Srisakul Promphan (divorced), Chaisakhran Hiranyaphruek (divorced)

Children

Chachchon Ratanarak

Parent

Chuan Ratanarak, Sasithorn Ratanarak

Krit Ratanarak, a prominent Thai-Chinese billionaire businessman and chairman of Bangkok Broadcasting & Television Company (Channel 7), was born in 1946. He is the eldest of six children and hails from a family known for its privacy and secrecy. His father, Chuan Ratanarak, founded Bank of Ayudhya, Siam City Cement, and Bangkok Broadcasting & Television, establishing a strong foundation for the family's business empire.

Krit Ratanarak: Family

Krit Ratanarak is divorced and has one son, Chachchon, born in 1972. The Ratanarak family is renowned for its privacy, and little information is publicly available about their personal lives. Chachchon is described as an influential figure who maintains a low profile. The Ratanaraks are one of the few remaining 'old money' families in Thailand, known for their long-standing wealth and prominence in the business world.

Krit Ratanarak: Career Highlights

Krit Ratanarak's career trajectory is marked by significant achievements. He joined Bank of Ayudhya in 1972, rising to the position of President in 1982 and CEO in 1990. At the age of 35, he became Thailand's youngest senator, serving four terms. In 1993, he held the positions of Chairman and CEO of Bank of Ayudhya, Chairman of BBTV, Siam City Cement, and Ayudhya Insurance.

One of Krit Ratanarak's notable accomplishments was successfully navigating his family businesses through the Asian financial crisis in the late 1990s. He is recognized as one of only eight business groups to remain in Thailand's top 40 from 1979 to 2009, demonstrating his exceptional leadership and crisis management skills.

Krit Ratanarak: Companies

Krit Ratanarak has substantial holdings in various Thai-based companies, including Bank of Ayudhya (Krungsri Bank), Siam City Cement, Allianz Ayudhya Capital, Matching Maximize Solution, Media Studio, Grand Canal Land, and Eastern Star Real Estate. He also owns HR Pro Security and Services, one of Thailand's largest security firms.

Krit Ratanarak: Major Achievements

Krit Ratanarak's major achievements include successfully leading his family businesses through the Asian financial crisis, transforming the Rama III area of Bangkok into a major commercial center, and establishing partnerships with international companies such as Holderbank (later Holcim), GE Capital, and Germany's Allianz Group.

Krit Ratanarak: Awards & Achievements

Krit Ratanarak's contributions to the business world have been recognized through numerous awards and achievements.

However, specific details about these accolades are not readily available.

Krit Ratanarak: Personal Life & Legacy

Krit Ratanarak's personal life is largely private, and information about his hobbies, interests, and philanthropic activities is limited. His legacy lies in his successful stewardship of the Ratanarak family businesses, his contributions to Thailand's economy, and his role in shaping the country's business landscape.

Krit Ratanarak: Trivia

Krit Ratanarak is known for his passion for classic cars and is an avid collector. He owns a collection of vintage automobiles, including a 1957 Chevrolet Bel Air and a 1967 Ford Mustang.

Wealth History

Timeline

1946

Krit Ratanarak is born, the eldest of six children.

1972

Krit Ratanarak joins Bank of Ayudhya.

1981

Krit Ratanarak becomes Thailand's youngest senator at age 35, serving four terms.

1982

Krit Ratanarak becomes President of Bank of Ayudhya.

1990

Krit Ratanarak becomes CEO of Bank of Ayudhya.

1993

Krit Ratanarak becomes Chairman and CEO of Bank of Ayudhya, Chairman of BBTV, Siam City Cement, and Ayudhya Insurance.

1998

Krit Ratanarak recapitalizes Siam City Cement by selling part of the family's equity to Holderbank (later Holcim).

1999

Holderbank becomes strategic partner of Siam City Cement, increasing capital to 3 billion Baht for production facility upgrades.

2007

Krit Ratanarak reduces family shareholding in Bank of Ayudhya from 35% to 25% to comply with new banking regulations.

2013

GE Capital sells its holdings in Bank of Ayudhya to Mitsubishi UFJ Financial Group (MUFJ).

2015

Ratanarak family's holdings in group businesses are estimated at US$5.4 billion.

Krit Ratanarak : FAQs

What is Krit Ratanarak's net worth?

As of 2025, Krit Ratanarak's net worth was $1.79 billion.

What are Krit Ratanarak's main sources of wealth?

Krit Ratanarak's main source of income comes from Media, Real Estate.

In which industry does Krit Ratanarak primarily operate?

Krit Ratanarak is primarily involved in the Media & Entertainment industry.

How old is Krit Ratanarak?

Krit Ratanarak is 79 years old.

How many children does Krit Ratanarak have?

Krit Ratanarak has 1 children.

Who is Krit Ratanarak and what companies does he have substantial holdings in?

Krit Ratanarak is a Thai-Chinese billionaire businessman, the chairman of Bangkok Broadcasting & Television Company (Channel 7), and a former member of the Thai Senate. He holds substantial investments in several Thai companies, including Bank of Ayudhya (Krungsri Bank), Siam City Cement, Allianz Ayudhya Capital, Matching Maximize Solution, Media Studio, Grand Canal Land, Eastern Star Real Estate, and he owns HR Pro Security and Services, one of Thailand's largest security firms.

Can you provide information about Krit Ratanarak's family and background?

Born in 1946, Krit Ratanarak is the eldest of six children. He is divorced with one son, Chachchon, born in 1972. The Ratanarak family, one of the few remaining 'old money' families in Thailand, maintains a strong sense of privacy and secrecy. Chachchon Ratanarak is influential yet remains out of the public eye. The family patriarch, Chuan Ratanarak, founded Bank of Ayudhya, Siam City Cement, and Bangkok Broadcasting & Television.

What is Krit Ratanarak's career history and achievements?

Krit Ratanarak joined Bank of Ayudhya in 1972, becoming its President in 1982 and CEO in 1990. He was Thailand's youngest senator at age 35, serving four terms starting in 1981. Ratanarak has held positions of Chairman and CEO of Bank of Ayudhya, Chairman of BBTV, Siam City Cement, and Ayudhya Insurance since 1993. He successfully led the family businesses through the Asian financial crisis, maintaining their presence among Thailand's top business groups and modernizing them by bringing in outside capital and international management expertise.

How did Krit Ratanarak reorganize his businesses after the Asian financial crisis?

Post the Asian financial crisis, Krit Ratanarak implemented several strategic moves to stabilize his family's businesses. In 1998, he recapitalized Siam City Cement by selling a portion of the family's equity to Holderbank, which later became Holcim. This partnership allowed for upgrades to production facilities and reinforced a strategic alliance. The family's shareholding in Bank of Ayudhya was reduced to 25% to comply with new banking regulations, subsequently attracting GE Capital's investment, which strengthened the bank's consumer lending business. GE Capital's stake was sold to Mitsubishi UFJ Financial Group in 2013. Additionally, a partnership with Germany's Allianz Group was formed in the insurance sector.