10 Things You Didn’t Know About ‘Anant Asavabhokhin’

Anant Asavabhokhin, a renowned Thai businessman best known for being the Chairman of Land and Houses, one of Thailand’s largest property development companies. A remarkable figure, he is not only recognized for his profound business acumen but also for his considerable contributions to society.

Despite his visibility in the public domain, there’s more about Anant Asavabhokhin that many people may not know. Here, we delve into ten things about this influential personality that you may not be aware of.

1. Early Life and Career

Before rising to his esteemed business status, Anant lived a humble life. Born in 1945 in Thailand, he came from a working-class background. Unlike many of his business peers, Anant did not have the privilege of studying abroad, and instead got his education in local Thai schools.

Anant Asavabhokhin began his career as an engineer, working for a local firm. His determination to climb higher saw him transition into the field of property development, subsequently establishing Land and Houses in 1983 alongside his business partner, Mr. Adisak Tangmitrphracha.

2. Resilience in the Face of Crisis

Anant Asavabhokhin’s mettle was tested during the Asian Financial Crisis in 1997, which hit the Thai economy hard and resulted in a severe property market downturn.

Despite the difficult circumstances, Anant was able to steer Land and Houses through the crisis. Under his leadership, his company was one of the few developers to survive and eventually thrive despite the tough economic conditions.

3. Philanthropic Activities

Anant is known for more than just his business prowess. He has contributed significantly to various social causes, embodying a spirit of philanthropy.

The businessman has supported charities and contributed to projects aimed at improving education and healthcare in underprivileged parts of Thailand. His contributions to society show that for him, success is not only measured by wealth but also by the positive impact you can have on others.

4. His Love for Art

Anant is a passionate art enthusiast. His love for art is not only reflected in his personal collection, which is considered one of the finest in Thailand, but also in his financial support for Thai arts.

He has consistently backed emerging Thai artists, providing them with a platform to showcase their work. His dedication to supporting arts and culture underscores his profound appreciation for creativity and expression.

5. Efficient Business Modelling

Land and Houses is renowned for its efficient business model, founded on the principle of selling before building. This approach, guided primarily by Anant, has allowed the company to maintain capital efficiency.

Always maintaining a cautious approach, Anant’s business model has allowed his company to minimise risk and stay resilient during economically unfavourable periods ensuring the stable growth of Land and Houses.

6. Public Recognition

In recognition of his significant impact on the business landscape, Anant has received numerous awards and accolades over the years. His achievements include being named Ernst & Young’s Thai Entrepreneur of the Year in 2011.

He has also received honorary doctorate degrees from several Thai universities in recognition of his noteworthy contributions to business and the community.

7. Land Scandal Allegations

In 2018, Anant made headlines when he was linked to a land scandal involving large tracts of protected forest land in Thailand.

While the case sparked controversy, Anant denied involvement in any malfeasance. The case served as a reminder of the challenges faced by business leaders in maintaining ethical practices.

8. Voluntary Resignation

In the wake of the scandal in 2018, Anant voluntarily resigned from his position as Chairman of Land and Houses to protect the company from potential reputational damage.

This decision, he stated, was a demonstration of his sense of responsibility and commitment to his company.

9. Asavabhokhin Family Influence

Beyond Anant himself, the Asavabhokhin family holds considerable weight in the Thai business sector. Anant’s daughters, Naparat and Wallaya, are respected in their own right as businesswomen.

Both daughters have served in executive roles within the Land and Houses organization, helping to continue and enhance its successes.

10. Wealth

Anant’s success in business has resulted in considerable financial wealth. He consistently ranks among Thailand’s richest individuals.

Despite his wealth, Anant remains committed to giving back to society. His notable contributions in the field of education and healthcare show his immense desire to use his resources for the greater good.

At the close of this list, it is plain to see that Anant Asavabhokhin is a man of remarkable resilience and dedication to his work and society. His journey is an example of overcoming challenges and positioning oneself for success while remaining committed to making impactful contributions to society.

Anant Asavabhokhin’s biography
Land and Houses’ official Website
List of Thailand’s Richest People