Early Life
Krit Ratanarak was born on April 19, 1946, in Bangkok, Thailand. He is the eldest of six children and comes from a family with a strong sense of privacy. His father, Chuan Ratanarak, was a prominent figure who founded Bank of Ayudhya, Siam City Cement, and Bangkok Broadcasting & Television, laying the foundation for the family's extensive business ventures. Krit's mother, Sasithorn, also played a significant role in the family's legacy.
Rise to Success
Krit Ratanarak's career began in the banking sector. He joined Bank of Ayudhya in 1972, rising to President in 1982 and CEO in 1990. He was also the youngest senator in Thailand at the age of 35, serving four terms starting in 1981. In 1993, he held the positions of Chairman and CEO of Bank of Ayudhya, Chairman of BBTV, Siam City Cement, and Ayudhya Insurance. One of his significant achievements was successfully navigating his family businesses through the Asian financial crisis in the late 1990s.
Key Business Strategies
Ratanarak is the chairman of Bangkok Broadcasting & Television Company (BBTV) which operates Thailand's Channel 7. He also holds substantial holdings in various Thai-based companies, including Bank of Ayudhya (Krungsri Bank), Siam City Cement, and Allianz Ayudhya Capital. His business acumen has led to strategic partnerships and capital injections, allowing his businesses to thrive. His family's holdings in group businesses have been estimated at US$5.4 billion.
Philanthropy
While specific amounts are not readily available in public sources, Ratanarak and his family have a long-standing presence in the community and have been known to support various initiatives, including contributing to education and social welfare programs. The Ratanarak family has also held a deep commitment to upholding their community, maintaining a positive public image.