Aiyawatt Srivaddhanaprabha
Bangkok, Thailand
Thailand
duty-free
$4,900,000,000
290
#6 Thailand's 50 Richest 2019
#290 Billionaires 2019
Aiyawatt Srivaddhanaprabha is the son of Thailand's late duty-free tycoon, Vichai Srivaddhanaprabha, who died in a helicopter crash in October 2018.With estimated annual revenue of $3.2 billion, King Power, is the country's leading operator of airport duty-free stores. The company is now run by Aiyawatt (Top), who's King Power's chairman and CEO and shares his fortune with his mother and three siblings.Aiyawatt also chairs Leicester City, the English football club his family bought and turned into one of the best performing clubs in the league. They also own a major chunk of MahaNakhon, a Bangkok development that has Thailand's tallest skyscraper.
Vichai started King Power in 1989 with a duty-free shop in downtown Bangkok.The country's late, revered King Bhumibol Adulyadej, gave Vichai Srivaddhanaprabha his surname. It was originally Raksriaksorn.
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