The net worth of Thailand's richest families has seen a significant increase, rising by 11% to reach a total of $170.5 billion this year, according to recent data.

Chalerm Yoovidhya, co-owner of the energy drink brand Red Bull, leads the ranking with a personal fortune of $44.5 billion, marking a 24% increase from the previous year.

This surge in wealth is attributed to Red Bull's robust financial performance, which reported revenues of $12.9 billion from sales of nearly 13 billion cans globally.

Following Yoovidhya are the Chearavanont brothers of the CP Group, whose wealth rose by 23% to $35.7 billion, placing them in second position.

Sarath Ratanavadi, an entrepreneur in the energy and telecommunications sectors, ascended to third place with a net worth of $12 billion, reflecting a substantial 30% increase from last year.

Charoen Sirivadhanabhakdi, owner of TCC Group and involved in the beer and liquor markets, fell to fourth place with a total net worth of $10.5 billion.

His position is notably affected by the transfer of some assets to his children earlier this year.

The Chirathivat family, who primarily generate their wealth from Central department stores and shopping malls, ranks fifth with $8.6 billion, though their wealth decreased by 13% due to falling consumer sentiment impacting the retail sector.

Former Prime Minister Thaksin Shinawatra is listed in eleventh position with a fortune of $2.1 billion.

Notably, the threshold for inclusion in the list decreased from $550 million to $420 million, resulting in four individuals dropping off the ranking.

Among those absent from the list this year is Somphote Ahunai, founder of Energy Absolute, who has experienced a dramatic decline in asset value, with shares plummeting nearly 80% since the last measurement.

Ahunai resigned as CEO amidst allegations of fraud involving procurement activities, which he has refuted, expressing his willingness to cooperate with regulatory investigations.