Affected by multiple factors such as the impact of the epidemic, the depreciation of the Thai baht and the slow economic recovery in Thailand, Xie Guomin brothers once again ranked as the richest man in Thailand, but their total wealth shrank by US$3.7 billion compared with last year.
founder of Zhengda Group Xie Yichu is a famous Thai overseas Chinese. His ancestral home is Chenghai, Shantou, Guangdong. When he was young, he only brought 8 silver dollars to Thailand to make a living and founded the "Zhengdazhuang" seed store. Time passes like quicksand. The Charoenix Group, established in 1921, has traveled through a century of glory. What is the confidence of the Xie brothers to be "rich for three generations"?
Thailand's richest man Xie brothers' wealth shrank by US$3.7 billion
Chief Group's four Xie brothers
Forbes Recently released the 2022 Thailand Rich List. Charoen Pokphand Group's Xie brothers still rank first in Thailand's 50 richest people, ranking first in the "Thailand's Richest" with a wealth of US$265.
The merger of True, a telecommunications company under Charoen Pokphand Group (also known as "Bofeng Group"), a subsidiary of the Xie brothers, and its competitor DTAC, is awaiting approval from regulatory authorities. Due to the sluggish economy in Thailand, the slow recovery of and the impact of the epidemic on tourism, the Xie brothers' wealth decreased by US$3.7 billion compared with last year, the most wealth shrinking on the Thai rich list.
All things are opposite, and those who are good at Taoism will not be divined. For the Zhengda Xie family, it is not surprising that wealth and wealth are ups and downs. The Charoenix Group of the Xie family was established in 1921 and has a history of 101 years. It is even more important to write a more glorious next century, have a long-lasting foundation, and do a good job in sustainable inheritance.
In fact, among the list of the 50 rich people in Thailand, only 12 rich people on the list have wealth and wealth higher than last year.
For example, the Xu Shuen family, founder of Red Bull Beverage, ranks second on the list with US$26.4 billion, and is only US$100 million different from the total wealth of the Xie brothers in Thailand. The founding family of Red Bull Beverage and the ancestral home of Hainan, the Xu Shuen family increased its wealth by US$1.9 billion throughout the year. Will it squeeze the Xie family out of the throne of "Thailand's richest man"? It is full of suspense to be solved.
Senior Chairman Xie Guomin (3rd from left) and Chairman of Zhengda Group Xie Jiren (1st from right)
Thailand Zhengda Group started in 1921 "Zhengdazhuang Seeds Store" founded by the brothers Xie Yichu and Xie Shaofei. After 101 years of development, it has become a three major undertakings of agriculture, animal husbandry and food, wholesale and retail, Telecom TV. It is also a diversified multinational group company in more than 10 industries and fields such as finance, real estate, pharmaceuticals, and mechanical processing. It is also a century-old enterprise.
In 2021, Charoenix Group's global sales were US$84 billion. The group's business covers more than 100 countries and regions around the world and has as many as 450,000 employees.
The wealth of the Xie brothers has shrunk, in addition to changes in the external economic environment, many of them are caused by their own reasons. On January 7, 2022, Bufeng International, which is listed in Hong Kong under the Xie brothers, was approved by the court and its listing status was revoked on January 18. Bufeng International is a group subsidiary of Zhengda Group with feed and meat products as its main business. The company's privatization and delisting will naturally affect its wealth and wealth.
Since the industries under the Xie brothers are already diversified, under the changes in the environment, the family and business are big, and the impact and impact will naturally be more obvious; but on the other hand, diversified operations are also one of the important ways to enhance the ability to resist risks.
What is the confidence of the Xie brothers being "rich for three generations"?
In September 2016, the launch ceremony of the Xie Family Ancestral Hall in Thailand
"The old time in the king and Xie Hall, the swallows flew into the homes of ordinary people."In Thailand Xie Family Association , there is a plaque "Wuyi Gate", which also records that the Xie family originated from Jiangnan first gentry who lived in Wuyi Lane during the Eastern Jin Dynasty - the Xie family among the two major families of Wang Dao and Xie An .
The second generation of Xie Guomin of the Xie family of Zhengda Group, Formerly the eternal honorary president of the Xie Clan Association of Thailand. It is understood that the launching ceremony of the Xie Clan Association of Thailand was held on September 8, 2016. The construction of the Xie Clan Association of Thailand is located in Liulai, located on the second street of Lane 19, Tali Road, Pairan, Bangkok, Thailand. It was presented by Xie Huifeng, Vice Chairman of the Xie Clan Association of Thailand. This is also the first Xie Clan Association of overseas.
In May last year, Xie The people and cousin Xie Chumin donated 10 million THB to build a temple under the name of "Thailand Bufeng Group Charity Foundation". Xie Chumin, currently the senior vice chairman of Charity Group, is the son of Xie Shaofei, one of the founders of Charity Group.
Hui'an stone sculpture, has long been famous at home and abroad. Fujian Hui'an stone sculpture originated from the Central Plains, has undergone thousands of years of baptism and integrates Central Plains culture , Southern Fujian culture and Maritime Silk Road culture are integrated into one, absorbing the essence of the legacy of the Jin and Tang dynasties, the charm of the Song and Yuan dynasties, and the style of the Ming and Qing dynasties. In recent decades, due to its unique artistic charm, Hui'an stone sculptures have crossed the ocean and settled in all parts of the world, especially in Southeast Asian countries.
It is understood that the Xie Family Ancestral Hall in Thailand was undertaken by Fujian Dashi Construction Co., Ltd., and the construction project has reached the seventh phase. People often say: "The people of Chaoshan are the ancestors of Fujian." "The Thai Xie Family Ancestral Hall is participated in the entire process of Fujian stone carvings, and it can also better inherit and demonstrate the historical and cultural heritage of the Thai Xie Family Ancestral Hall.
Founders of Charoen Pokphand Group Xie Yichu and Xie Shaofei
There are many Thai Chinese rich families, many of which are "rich for three generations", and some are even rich for four or five generations, and have been prosperous forever. Founded in 1921, Charoen Pokphand Group has become a long-lasting enterprise that spans a hundred years, and the "richest man in Thailand" behind it, Xie Where is the confidence of the family to be sustainable and have everlasting foundation?
Zhengda Group, known as Bufeng Group in Thailand, started with the "Zhengdazhuang Seeds Store" founded by the brothers Xie Yichu and Xie Shaofei in 1921. In 1979, with the efforts of the second metabolic brothers of the family, with the first spring breeze of reform and opening up, the Xie family's Zhengda Group became the first foreign-invested enterprise to enter mainland China. For more than 40 years, the Xie family and the Zhengda Group have been participants, witnesses, contributors, and beneficiaries of China's great cause of reform and opening up.
founder Xie Yichu, the founder of Zhengda Group, was originally named Xie Jinqiang . He was born in 1896. His ancestral home is Pengzhong Village, Housham Town, Chenghai, Shantou, Guangdong. In 1922, Xie Yichu went to Thailand to make a living, and later founded the family's basic business Zhengda Group with his younger brother Xie Shaofei.
In the Xie Family Ancestral Hall in the Shantou Waisha Xie family, there is a "Hero of Overseas Chinese Leaders" Pavilion, which displays photos of the deeds of Xie Yichu, Xie Shaobai, Xie Shaofei and other brothers. Xie Yichu's ancestors were a local landlord in Chenghai. His father was the only seedling in the family. In the early days, he lived by collecting rent, but later he was fed. The problem of big smoke died at the age of 30.
Xie Yichu is the eldest son in the family, with three brothers and two sisters. The second brother Xie Shaobai went to Chengdu to study in his early years, so Xie Yichu and his third brother Xie Shaofei became the pillars of the Xie family's business. In the early years, Xie Yichu opened a shop called "Everbright" in his hometown. After going to Thailand, he founded the "Zhengdazhuang Seeds Store", which is called "Bufeng" in the Thai people.
" inherited the lineage and thought of the ancestors, and founded all industries as honored. " The construction of the Xie Family Ancestral Hall in Thailand is to inherit and to commemorate the difficulty of building a family for his father. The Xie family has always retained the earliest Zhengda rapeseed shop on the bank of Zhaopaiye River in Chinatown, Bangkok. Moreover, this store has always been a business seed, and has not changed in 101 years.
Thailand Foreign Sarawak Xie Chumin (3rd right) is with his relatives
Chaoshan people attach importance to the relationship of "three relatives". The so-called "three relatives" are villagers, clan relatives, and family relatives. Because of this close kinship , it is easy to succeed when working outside.
Back then, Xie Yichu rented the seed shop of "Zhengdazhuang". It was thanks to the help of the Xie family and the clan of Waisha. After years of hard work, the scale gradually expanded. He called his third brother Xie Shaofei from his hometown in Chenghai to help and started a "brotherhood" business that cooperated endlessly.
By the way, the Zhengda Xie family has attached great importance to making connections for a hundred years, in addition to kinship, clanship, and rural relationships, but also business relationships. In the early days, the seeds sold by Xie Yichu brothers were from Thailand and shipped from China, and many of them were imported from Japan. In 1940, Charoen Polygon established a cooperative relationship with Japan's Takii Seedling Company. More than 80 years have passed, and they are still cooperating and have a constant business relationship.
The same hometown and the same clan are the relationship that Chaoshan people rely especially on when doing business abroad. In Thailand, the Xie clans of Waisha formed the Thai Shei Sha Treasures Family Association. Xie Chumin, the son of Xie Shaofei, one of the founders of Zhengda, is the patriarch of the family association.
Why is it called Xie’s treasure tree family? In the Xie family ancestral hall of Waisha, there is a couplet saying: " Baoshu's family is far away, and the east mountain has a long history. " According to the Xie family genealogy of Waisha, " Baoshu Hall " and "Dongshan Hall" are the hall names of Xie's family. It is said that Emperor Xiaowu of Jin once went to Xie'an's official residence in Wuyi Lane and saw a lush green tree in the garden from afar. He pointed to the big tree and said, "This is the treasure tree of the Xie family." Later, Xie also used "treasure tree" as his hall name. Xie An often traveled to Dongshan and entertained himself with his mountains and rivers. Later, Xie also used "Dongshan" as his hall name.
The traditional family patriarchal system in ancient my country, including hall names, surnames, family genealogy, etc. Hall names are also one of the contents of family patriarchal culture.
Chaoshan and Fujian have a deep relationship. The Xie family of Waisha and the Xie family of Raoping in Chenghai are related to "brothers and families". Their originator Xie Bingsheng (Hongyuan Gong), was born during the Yongle period of the Ming Dynasty. Later, he moved from Fujian to Chaoshan. This is also a major reason for "Waisha ancestral hall, like Fujian".
Senior Chairman Xie Guomin
Xie Yichu has four sons, namely Xie Zhengmin , Xie Damin , Xie Zhongmin , and Xie Guomin. Some people connect their names together "Zhengda China", which also shows the Xie family's sincere heart for their ancestral country. Over the past 40 years, Charoen Pokphand Group has achieved greater success in China. Many places where Charoen Pokphand Group has invested also regard Charoen Pokphand Group as an "old friend" and "good friend".
The Xie family's Charoenix Group has the largest investment in animal feed industry in the world, and its enterprises under its jurisdiction also directly affect the development and progress of Thailand's economy and industry. Charoen Pokphand is not only an excellent company in Thailand, but also the efforts of the current senior chairman of Charoen Pokphand Group, Xie Guomin, brothers. Charoen Pokphand Group has expanded its diversified business to the world, including China, and has achieved brilliant achievements.
Like my father, Xie Guomin brothers are also hardworking people. The second generation of Xie's family took over, following the tradition of inheriting the eldest son and relaying brothers. After the founders Xie Yichu and Xie Shaofei faded out of the front line, they first handed over to their eldest son Xie Zhengmin to the helm. In 1970, Xie Zhengmin, the eldest brother of Xie family, handed over the baton to his fourth brother Xie Guomin. At that time, Xie Guomin was only 31 years old.
When Xie Guomin took the helm, Charoen Pokphand Group went to its peak. After successfully completing the "new and old" within the family, Charoenix Group ranked among the top 500 in 1987 and continued to explore diversified operations.During this period, Xie Guomin introduced the modern enterprise management mechanism , separating capital and operation, and solving the problems of corporate governance and family heritage governance in the family business governance system, not only avoiding family internal struggles and disputes, but also ensuring the sustainable operation of family businesses.
In 2017, Xie Guomin officially joined the behind-the-scenes and handed over the baton to the third generation of the family. He was renamed the senior chairman of the Zhengda Group. The cousins among the second generation, such as Xie Chumin, also retired as senior vice chairman. The third generation of the family headed by Xie Guomin's eldest son Xie Jiren, completed the helm of the Zhengda Group.
Xie Guomin's eldest son and chairman of Charoen Pokphand Group Xie Jiren
At present, Xie Guomin and his wife Ms. Li Jialun have completed handing over the baton to their sons Xie Jiren, Xie Rongren, etc. Among them, the eldest son Xie Jiren is the chairman of Thailand Bufeng Group, and the third son Xie Rongren is the president of Bufeng Group, which is also a typical "brotherhood" governance model.
Charoenix Group has experienced a hundred years of vigorous development and has been rich for three generations. The family has also developed from a seed industry that operated a single business a hundred years ago to a diversified multinational group across more than 10 industries and fields. While they inherit in an orderly manner, they also start businesses in inheritance and continue to innovate and develop.
The fourth brother of Xie Guomin, who was the second-generation leader of the Xie family, was sent back to Shantou by his father when he was young and studied Chinese by his father. Later, he studied in Hong Kong. After returning to Thailand, his father Xie Yichu did not let him go directly to Zhengda, but instead let him practice in state-owned egg cooperatives and other units for more than 5 years. After being called back to Charoen Pokphand Group by his father, Xie Guomin demonstrated his management skills. In addition to establishing the first Sino-foreign joint venture in Shenzhen in 1979, he also knew how to take advantage of Thailand's agricultural advantages and had long-term cooperative relations with multinational companies such as Walmart and Costco.
also mentioned that as early as 1977, the Xie family went to Taiwan, China to invest and founded Taiwan Bufeng. Ten years later, the stock was listed in Taiwan.
At its peak, Xie Guomin brothers were not only the veritable "richest man in Thailand", but their family once ranked fourth among the top 50 rich families in Asia.
CHP Group CEO Xie Rongren
Xie Guomin and Li Jialun have three sons and two daughters, both of which are distributed under theCHP Group, each showing their talents. The eldest son Xie Jiren is currently the chairman of Zhengda Group. The second son Xie Mingxin and the third son Xie Rongren also have their own world.
Before Xie Guomin retired fully, he used the "dividing labor and not separating the family" inheritance model for his three sons. His eldest son Xie Jiren was engaged in the real estate and media industry in the early days, his second son Xie Mingxin (also known as Xie Hanren) was responsible for the chain supermarket, and his third son Xie Rongren was good at the telecom industry. He also achieved remarkable results in cooperation with Ant Financial.
Xie Guomin also carefully cultivated the descendants of several brothers. In order to expand the pharmaceutical industry, Xie Guomin sent his nephew Xie Bing to China.
The eldest son of Xie Zhengmin Xie Bing was born in 1952 and is 13 years younger than the fourth uncle Xie Guomin. Xie Bing and his wife, Zheng Xiangling, founded " China Biopharmaceutical ". Their controlled Zhengda Pharmaceutical has successively participated in shares and Holdings , including Zhengda Tianqing, Jiangsu Fenghai, Yancheng Suhai, Qingdao Haier, Zhengda Haier Pharmaceutical, Qingdao Hang Sengtang Pharmacy, Beijing Ted Pharmaceutical and Zhengda Oasis for more than 20 years. Its rapid development is also a legend in the Chinese pharmaceutical industry.
inheritance is eternal and has a long-lasting foundation. The inheritance of the Xie family of Zhengda Group is not the handover of generations, but the cross-generational inheritance of multiple generations. They also attach great importance to the "transmitting and hiring" that inherits the successor. In "helping on the horse and sending it to the journey", there is the eldest brother who helps the younger brother, the father who passes on the son, and the brother-in-law who teaches the brother-in-law. When Xie Jiren was in charge of the chain supermarket CP Lotus , he later developed the real estate sector and obtained the "passing and helping" from his brother-in-law Luo Jiashun. Xie Guomin's beloved son-in-law Luo Jiashun is currently the vice chairman of Chiang Tai Group and the executive chairman of Chiang Tai Commercial Real Estate.
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