Vichai Srivaddhanaprabha’s profile picture

Vichai Srivaddhanaprabha

Vichai Srivaddhanaprabha’s profile picture
Net worth 2018: $4.97 Billion
Residence: Bangkok, Thailand
Country: Thailand
BirthDay: 5 June 1958
Sigh: Cancer
Children: 4
BIOGRAPHY

Vichai Srivaddhanaprabha was bornon 5 June 1958 in Bangkok, Thailand, Thailand. Vichai Srivaddhanaprabha is #404 in List Billionaires People In The World. Thailand's tourism boom drew a record 32.6 million visitors in 2016, more than a fourth of them mainland Chinese. Thanks to their spending, sales at Vichai Srivaddhanaprabha's King Power duty-free stores were up 20% to $2.4 billion last year, adding $1.45 billion to his wealth and earning him a spot in the top five for the first time. But this growth faces speed bumps: the military junta has started cracking down on cut-price group tours from China and is set to end King Power's airport monopoly in 2020. To expand beyond duty-free, Vichai picked up a 21% stake in Thai Air Asia for $225 million in the past year. The football fan, who transformed Leicester City into a Premiere League champ, reportedly agreed to buy Belgian second-tier football team Oh Leuven for an undisclosed sum.

NET WORTH STATISTIC
2014

$1.5 Billion

2015

$2.6 Billion

2016

$2.8 Billion

2017

$4.2 Billion

2018

$4.97 Billion

TIMELINE
Vichai Srivaddhanaprabha (Thai: วิชัย ศรีวัฒนประภา; RTGS: Wichai Siwatthanaprapha) born as Vichai Raksriaksorn (Thai: วิชัย รักศรีอักษร; RTGS: Wichai Raksi-akson), (born 5 June 1958) is a Thai billionaire businessman, founder, owner and chairman of King Power Duty Free.He is the founder and CEO of King Power Duty Free, an operator of duty-free shops. In December 2009, King Power received the royal warrant from the King of Thailand in a ceremony attended by Raksriaksorn. He is ranked by Forbes magazine as the 7th richest man in Thailand, reportedly worth US$3.3 billion.Srivaddhanaprabha purchased English football club Leicester City in August 2010 following a three-year shirt sponsorship deal.In February 2011, he was named chairman of Leicester City while continuing as owner. His son, Aiyawatt Srivaddhanaprabha, is vice-chairman. His Leicester City went on to win the 2015/2016 English Premier League title. Shortly before the 2016-2017 Premier League season Vichai gifted 19 BMW i8s to the players of Leicester City at £100,000 each.In May 2017, he bought his second football club, OH Leuven in Belgium.In his spare time he is an avid polo player, and owns the VR Polo Club in Bangkok. Vichai was the president of Ham Polo Club in London from 2008 to 2012. The Thailand Polo Association was founded by Srivaddhanaprabha in August 1998, and given national status as the Thailand Polo association in January 2004. Media related to Vichai Raksriaksorn at Wikimedia Commons
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