Thai Tycoon - #6 Vanich Chaiyawan

#6 Vanich Chaiyawan
Real Time Net Worth As of 5/2/15
$3.4 Billion
2014 Thailand's 50 Richest Net Worth
$3.9 Billion
Age 83
Source Of Wealth insurance, beverages, Self Made
Residence Bangkok, Thailand
Citizenship Thailand
Marital Status Married
Children 8
Vanich Chaiyawan is the chairman of Thai Life, Thailand's second-largest life insurer, in which Japan's Meiji Yasuda has a stake. Chaiyawan sold that stake for $700 million in 2013 in a deal that valued the company at more than $4.6 billion. He still holds close to 60% in the insurer, which his son Chai runs as president. Chai has been sprucing up the company's image, most recently through a series of heartwarming commercials. Vanich's other assets include a small but valuable stake in Charoen Sirivadhanabhakdi's Thai Beverage.