New Delhi, July 6 -- Red Bull co-owner Chalerm Yoovidhya has emerged as the richest individual of Thailand this year with a net worth of $44.5 billion.

This staggering growth is fueled by a surge in Red Bull's global sales, earning a revenue of $12.9 billion as the company sold almost 13 billion cans of the energy drink worldwide.

A collective wealth of Thailand's 50 richest families have soared by more than 11% to a combined $170.5 billion, propelled by the gains of the top three entrants of the list which includes Yoovidhya family, Forbes reported.

The wealth of the Yoovidhya family experienced a $8.5 billion increase from the previous year, solidifying their dominant position in Thailand's wealth rankings for the second year running...