Chirathivat Family
Overview
The Chirathivat family is the founding and controlling family of Central Group, Thailand's largest retail and property conglomerate. The business was started in 1947 by Tiang Chirathivat with a small shop in Bangkok, and has since expanded into department stores, hotels, restaurants, and real estate across Thailand and Europe. Central Group owns Central Department Stores, Robinson, and operates luxury malls such as CentralWorld and Central Embassy. The family's net worth is estimated at over $12 billion, making them one of the wealthiest families in Thailand.
Description
The Chirathivat family is the founding and controlling family of Central Group, Thailand's largest retail and property conglomerate. The business was started in 1947 by Tiang Chirathivat with a small shop in Bangkok, and has since expanded into department stores, hotels, restaurants, and real estate across Thailand and Europe. Central Group owns Central Department Stores, Robinson, and operates luxury malls such as CentralWorld and Central Embassy. The family's net worth is estimated at over $12 billion, making them one of the wealthiest families in Thailand.
Leadership
Governance
The family's holdings are managed through a mix of family members and professional executives. The board of Central Group is chaired by Tos Chirathivat, with key family members holding senior roles, while day-to-day operations are increasingly led by non-family professionals. The family maintains control through a holding company structure and a family council that coordinates strategic decisions.
Succession
Succession planning has been gradual and structured, with the third generation taking leadership roles. Tos Chirathivat, son of founder Tiang, is the current chairman, while his sons — including CEO Yuwadee Chirathivat and other siblings — are being groomed for top positions. No major conflicts have been publicly reported, and the family has emphasized education and professional training for heirs.
Public-Sector Context
The Chirathivat family has maintained close ties with Thai political elites, including former prime ministers and military leaders, which has facilitated regulatory approvals for large-scale real estate projects. They have also been involved in royal patronage, with Central Group often participating in state-sponsored events and initiatives. Their influence extends to trade and tourism policy, given their significant role in Thailand's retail and hospitality sectors.