The Life of Sumet Jiaravanon: A Success Story

Overview

Sumet Jiaravanon is a billionaire and one of the richest individuals in Thailand. He has amassed his wealth through his business ventures in Southeast Asia, ranging from telecommunications to retail. Jiaravanon is the chairman of True Corporation, a telecommunications conglomerate, and has a net worth of $1.9 billion as of 2021. He is known for his strategic business acumen and investments in emerging markets.

Early Life and Education

Jiaravanon was born in Bangkok, Thailand in 1949. He is the grandson of Chaleo Yoovidhya, the co-founder of Red Bull energy drink. Jiaravanon’s family business helped shape his passion for entrepreneurship at a young age. He received his undergraduate degree in Chemical Engineering from the California Institute of Technology, and later received a Master’s degree in Business Administration from Stanford University.

Career and Achievements

Jiaravanon began his career as an engineer with ExxonMobil in the United States. In 1978, he returned to Thailand and joined his family’s business, T.C. Pharma. He later became the chairman of the company and was responsible for expanding the company’s operations in Southeast Asia.

In the late 1990s, Jiaravanon saw an opportunity in the telecommunications industry and founded True Corporation. Under his leadership, True became one of the largest telecommunications companies in Thailand, offering mobile, cable television, and broadband services. The company also expanded internationally, with operations in Cambodia and Myanmar.

Jiaravanon has also been involved in the retail industry, serving as the chairman of the Thai luxury department store Siam Paragon. He has also invested in real estate in Thailand and the United States.

Personal Life

Jiaravanon is married and has children. He is known for his philanthropic efforts, supporting causes related to education and public health. He also serves on the board of several organizations, including Stanford University and the Chao Phraya River Development Project.

Profile