Prachak Tangkaravakoon
Bangkok, Thailand
Thailand
paints, Self Made
$2,200,000,000
1168
#24 Thailand's 50 Richest 2019
#1168 Billionaires 2019
Prachak Tangkaravakoon chairs $518 million (revenue) TOA Paint (Thailand), the country's biggest paint company. TOA Paint has three plants in Thailand, plus factories in Vietnam, Laos, Myanmar, Malaysia and Cambodia. The company's IPO in 2017 raised $360 million, which is being used to ramp up regional expansion, including in Myanmar and Cambodia.
In 1964, Prachak expanded the family's hardware business into paint supplies, opening the first paint factory in 1972.The tycoon long ago handed over operations to his four children.
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