Vichai Srivaddhanaprabha
Fashion & Retail

Vichai Srivaddhanaprabha Net Worth

7 months ago

Vichai Srivaddhanaprabha, born in Bangkok, Thailand in 1958, has seen his wealth grow significantly due to the tourism boom in Thailand. His King Power duty-free stores saw a 20% increase in sales to $2.4 billion in 2016, earning him a spot in the top five wealthiest people in Thailand. However, the military junta has started to crack 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 purchased a 21% stake in Thai Air Asia for $225 million and reportedly agreed to buy Belgian second-tier football team Oh Leuven for an undisclosed sum.
Vichai Srivaddhanaprabha is a member of Fashion & Retail

Age, Biography and Wiki

Birth Day June 05, 1958
Birth Place Bangkok, Thailand, Thailand
Age 65 YEARS OLD
Birth Sign Cancer
Occupation Owner & chairman of King Power International Group Chairman of Leicester City F.C.
Spouse(s) Married
Children 4
Website Kingpower

💰 Net worth: $5.2 Billion (2024)

Vichai Srivaddhanaprabha, a prominent figure in the fashion and retail industry in Thailand, is rumored to possess a staggering net worth of $5.2 billion by the year 2024. His unrivaled success and wealth can be attributed to his influential role in establishing and growing a number of renowned fashion and retail brands within the country. As an astute businessman, Srivaddhanaprabha has demonstrated a keen eye for opportunities and has successfully capitalized on them to solidify his position as one of Thailand's wealthiest individuals.

2014 $1.5 Billion
2015 $2.6 Billion
2016 $2.8 Billion
2017 $4.2 Billion
2018 $4.97 Billion

Biography/Timeline

2008

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.

2009

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.

2010

Srivaddhanaprabha purchased English football club Leicester City in August 2010 following a three-year shirt sponsorship deal.

2011

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.

2017

In May 2017, he bought his second football club, OH Leuven in Belgium.

Tags 1958 births Living people People from London Thai chief executives Thai polo players Thai billionaires Thai football chairmen and investors Leicester City F.C. directors and chairmen

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.