By John Koppisch
For the eighth straight year we spotlight notable philanthropists in the Asia-Pacific region, especially those who made news in the past year by launching new and innovative projects. The 48-member honor roll ranges from billionaires with expansive visions of how best to help society to less well-known business people whose generosity is also leaving a huge mark.
Our goal is not to rank the biggest givers–the figures would be impossible to collect. Instead we aim to call attention to people and causes. We try to identify a new group of altruists each year, though several people here are returning to the list because of an important donation or project announced since a year ago. MORE
I contributed to this annual list of Asian givers.
By John Koppisch
This is our seventh annual project highlighting the generous and often innovative efforts of the Asia-Pacific region’s most notable givers. We feature biotech entrepreneur Kiran Mazumdar-Shaw, who’s working to improve cancer care in India. And, below, we spotlight the 2013 crop of 48 leading philanthropists in the region. MORE
I contributed to this annual issue of Forbes Asia.
I was a contributor to this annual list of philanthropists in Asia in the March 12 issue of Forbes Asia magazine. I didn’t compile the whole thing!
By Susan J. Cunningham
The king of Thailand controls vast wealth. Just how vast wasn’t clear, until some sleuthing by a Bangkok academic and some new openness by the monarchy’s investment arm.
The Thai monarchy’s family fortune has always been shrouded in secrecy. Last year FORBES ASIA valued it at a conservative $5 billion. Other estimates have put it at $8 billion. But this year–using an exhaustive academic study of the monarchy’s investment arm, the Crown Property Bureau–FORBES ASIA now values the fortune at at $35 billion. This new estimate easily puts King Bhumibol Adulyadej atop our annual list of the world’s richest royals. Last year we ranked him fifth.
The bulk of the bureau’s assets lies in its vast real estate holdings, which make it the country’s largest landowner and include roughly one-third of Bangkok’s central business district. The bureau also holds a 30% stake in the Siam Cement Group and a 25% share of Siam Commercial Bank . The bureau granted an economic historian who is writing a history of the bureau, Porphant Ouyyanont, unprecedented access to its files in 2005. His paper, which was published in the U.K.’s Journal of Contemporary Asia in February, pegged the value of the bureau’s assets at $27.4 billion as of the end of 2005. Since then the assets and the baht have appreciated (though the baht has fallen recently). “Sure, [the estimate] is enormous, but it’s reasonable,” he says. “We know the price of land. We know [the market] capitalization [of the companies].” An adviser to the bureau, Aviruth Wongbuddhapitak, said by e-mail that “generally, there is no major inaccuracy” in Porphant’s paper. … more