Vanich Chaiyawan
Bangkok, Thailand
Thailand
insurance, beverages, Self Made
$2,900,000,000
667
#9 Thailand's 50 Richest 2019
#667 Billionaires 2019
Former rice trader Vanich Chaiyawan controls Thai Life, Thailand's third-biggest life insurer.The company is run by his son Chai, who is aiming to make it into a regional brand.Thai Life sells mostly through agents and is known for its emotionally-charged TV commercials. Japan's Meiji Yasuda has a 15% stake in Thai Life.
Vanich also owns a tiny stake in Thai Beverage, fellow billionaire Charoen Sirivadhanabhakdi's Singapore-listed brewer and distiller. His son, Winyou, who is a banker and novelist, has published two books, The Emptiness of True Love and The Emptiness of Yesterday.
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