Forbes’ ‘Richest Entrepreneurs Under 40’ list

Chanaratsopon, founder of the Charming Charlie accessories chain, is the only Houston exec on Forbes’ list of America’s Richest Entrepreneurs Under 40.

Charlie Chanaratsopon, 38, ranks No. 27 on the list, based on his net worth of $450 million. The self-made millionaire founded Houston-based Charming Charlie in 2004 as a side business while developing shopping malls. The company now has 350 stores across the U.S. and reports $550 million in sales, according to Forbes.

Charming Charlie opened its first international stores in Canada in 2014 and expanded to the Middle East last year. In 2013, Forbes estimated that the company was valued at $1 billion.

In 2012, Chanaratsopon told the Houston Business Journal that he was confident the company could operate as many as 1,000 stores.

Charlie Chanaratsopon
Charlie Chanaratsopon

Earlier this year, Charlie Chanaratsopon also sat down with HBJ and FishFlops founder Madison Nicole Robinson to discuss entrepreneurism.

Forbes’ “Richest Entrepreneurs Under 40” list is dominated by the expected roster of tech execs and celebrities. For instance, Facebook founder Mark Zuckerberg, 32, tops the list with a net worth of $50 billion. However, there is one oil and gas exec on the list.

Austin-based Parsley Energy Inc. CEO Bryan Sheffield ranks No. 14 with a net worth of $1.44 billion. He’s the son of Irving, Texas-based Pioneer Natural Resources CEO Scott Sheffield and the grandson of West Texas oil legend Joe Parsley.

The younger Sheffield, 38, made Forbes’ “The World’s Billionaires” list for the first time this year. Read an Austin Business Journal feature profile on Sheffield here.

Originally Posted: https://www.bizjournals.com/houston/news/2016/12/12/houston-retail-exec-makes-forbes-richest.html

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