#898

Vanich Chaiyawan

Thailand 94 years old Self-Made

Overview

Source of Wealth: Insurance, beverages
Industry: Finance & Investments
Residence
Children: 8

Assets

Thai Beverage PCL

392,485,000 shares @ -

-

Y92-SG
Thai Credit Bank

744,772,000 shares @ -

-

CREDIT-TH
Thai Life Insurance

7,317,687,000 shares @ -

-

TLI-TH

Biography

Former rice trader Vanich Chaiyawan is chairman emeritus of Thai Life, Thailand's second-biggest life insurer by total premium income.

The company is run by his son Chai, who is Thai Life's chairman and CEO. Vanich's daughter Varang and son Winyou are deputy CEOs and sit on the board.

Thai Life sells mostly through agents and is known for its emotionally-charged TV commercials.

Japan's Meiji Yasuda Life has a 17% stake in Thai Life. Vanich listed Thai Life in July 2022 raising $1 billion.

Vanich and his family also have a majority stake in Thai Credit Bank, which got listed in February 2024.

About

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.