Vichai Srivaddhanaprabha was a Thai billionaire businessman and the founder of King Power Duty-Free. He was best known for his involvement with Leicester City Football Club, which he owned from 2010 until he died in 2018.
Born on April 4, 1958, Vichai was born into a wealthy family and received an education at the prestigious Triam Udom Suksa School in Bangkok. After completing his studies, he joined the family business and quickly rose to become managing director of King Power, one of Thailand’s leading duty-free companies.
In 2010, Vichai purchased Leicester City Football Club for £39 million (approximately $50 million) and invested heavily in the team’s infrastructure. Under his ownership, Leicester City won the Premier League title in 2016 – their first major trophy in 132 years.
Vichai Srivaddhanaprabha was a powerful and influential figure in the world of sports. He owned Leicester City Football Club and made a lasting impression on everyone who encountered him.
A Thai businessman, Vichai was known for his generosity and philanthropy as much as he was known for his business acumen. His sudden death in 2018 saddened many, not only in the football community but across the globe.
Vichai Srivaddhanaprabha Net Worth
Vichai Srivaddhanaprabha was a Thai billionaire businessman who was the founder and Chairman of King Power Duty-Free, Thailand’s largest duty-free retailer. He was also the owner of Premier League football club Leicester City Football Club. Vichai had an estimated net worth of $5.2 billion before his death in October 2018, making him one of Thailand’s wealthiest people.
Vichai was born on April 4, 1958, in Bangkok, Thailand, to an affluent family involved with the liquor business and owned several retail stores across Thailand. His family ran their business from his father’s home; Vichai eventually grew into what is now known as King Power Duty-Free, which operates eight airports across six Southeast Asian countries.
Vichai Srivaddhanaprabha Early Life
Vichai Srivaddhanaprabha was a Thai business tycoon and the founder of King Power Duty-Free. He is most famous for owning Leicester City Football Club, which won the 2015-16 Premier League title under his leadership. Vichai Srivaddhanaprabha was born in Bangkok, Thailand in 1958.
His father was an entrepreneur who owned several businesses, including a rice trading company and a construction firm. He graduated from Thammasat University with a degree in law before joining the family business and quickly grew it into one of Thailand’s largest duty-free retail companies.
After establishing King Power Duty-Free, Vichai expanded into other industries such as aviation, property development, hospitality, and football. In 2010, he purchased Leicester City Football Club, becoming its Chairman and owner until his tragic death in 2018 following a helicopter crash at the club’s stadium.
Vichai Srivaddhanaprabha Death
The death of Thai businessman Vichai Srivaddhanaprabha has sent shockwaves through the football world. The Leicester City Football Club (LCFC) chairman, who was affectionately known as ‘Vichai,” tragically died in a helicopter crash last week outside of King Power Stadium.
Vichai was known for his immense generosity and philanthropic efforts throughout Leicester, which he continued to show even after taking over LCFC in 2010. He invested millions into the club to help establish their Premier League status and even paid for supporters’ travel expenses for away games.
After leading LCFC to their first-ever Premier League title victory in 2016, he used his wealth to promote initiatives within Leicester and its surrounding communities, such as hospitals and schools.
Vichai Srivaddhanaprabha Cause Of Death
Thai billionaire and Leicester City FC owner Vichai Srivaddhanaprabha died in a tragic helicopter crash on October 27, 2018. The 60-year-old was leaving the King Power Stadium after his team’s 1-1 draw against West Ham when his helicopter crashed in the stadium’s car park.
Four other people were also aboard, and all five were pronounced dead at the scene. Police confirmed the cause of death as a result of fatal injuries sustained in the crash.
An investigation into the exact cause is ongoing. Still, evidence suggests that it could have been caused by mechanical failure or pilot error due to poor nighttime visibility conditions.
Investigations are being conducted by both UK police forces and aviation authorities, who will look at factors such as weather conditions, aircraft maintenance records, and air traffic control logs to determine what happened before impact.
Vichai Srivaddhanaprabha Helicopter
Vichai Srivaddhanaprabha, the Thai billionaire and Leicester City football club owner, tragically died in a helicopter crash on October 27, 2018. The accident occurred shortly after his team’s 1-1 draw with West Ham United at the King Power stadium.
Srivaddhanaprabha owned the helicopter, and it took off from the center circle of the pitch directly after the match had finished. The aircraft then quickly ascended to around 200 feet before experiencing difficulties, crashing shortly into an adjacent car park.
All five people on board were killed, including two members of Vichai’s staff, Nursara Suknamai and Kaveporn Punpare.
Vichai Srivaddhanaprabha Religion
Vichai Srivaddhanaprabha was a Thai business tycoon and Leicester City Football Club owner. He passed away in 2018 following a tragic helicopter crash. A devout Buddhist, he was known for his religious devotion and charitable works.
Srivaddhanaprabha’s commitment to Buddhism was evident in his personal and professional life; he founded the Vichai Srivaddhanaprabha Foundation to help alleviate poverty in Thailand by providing healthcare, education, health insurance, and support for low-income families.
He also funded the construction of numerous temples across Thailand, which have since become essential pilgrimage sites for Buddhists worldwide.
In addition to his philanthropy, Srivaddhanaprabha encouraged Leicester City’s players to practice mindfulness and regularly visited Buddhist shrines during matches or training sessions.
Vichai Srivaddhanaprabha Son
Vichai Srivaddhanaprabha, the founder and Chairman of King Power Duty-Free Group, was a prominent figure in Thailand’s business world. His son, Aiyawatt Srivaddhanaprabha, is following in his footsteps and has an impressive presence in the same field.
Aiyawatt is now King Power Group’s executive director and became Chairman of Leicester City Football Club after Vichai passed away in 2018.
Aiyawatt has worked with his father since 2000 and assumed full responsibility for day-to-day operations after Vichai’s death. During this time, he has made significant contributions to the growth and development of King Power Group across Thailand, the UK, Japan, and China.
Vichai Srivaddhanaprabha Grandchildren
Vichai Srivaddhanaprabha was a Thai billionaire who owned Leicester City Football Club, an English Premier League team. He was an influential figure in the community, and his legacy will live on through his grandchildren.
Vichai’s four children have each kept his memory alive with their philanthropic efforts. His daughter, Aiyawatt Srivaddhanaprabha, became Chairman of Leicester City Football Club after her father died in 2018.
Vichai’s family now runs the fooVichai’sub and remains loyal to the values he instilled as Chairman. The Srivaddhanaprabha grandchildren are all making their mark within the football world, too.
Vichai Srivaddhanaprabha Wife
Aiyawatt Srivaddhanaprabha, the wife of the late Vichai Srivaddhanaprabha, is a businesswoman and philanthropist whose husband’s death deeply impacted her husband’s marriage in 1989. and have four children: Aroonroong, Apichet, Arunroong, and Voramas.
Vichai founded King Power Duty-Free, the parent company of Leicester City Football Club, which won an unprecedented Premier League title in 2016.
Since passing away on October 27, 2018, in a tragic helicopter accident outside Leicester City’s Stadium, City’sawatt has become Chairman of King Power Group and Vice-Chairman of Leicester City Football Club. Under her leadership, she has helped to continue her husband’s leg in both organizations.
Conclusion
The conclusion of Vichai SrivaddhanaprSrivaddhanaprabha’sto light many lessons that can be learned from his example. The Thai businessman was a philanthropist, an entrepreneur, and a leader who always strove for success, never shying away from hard work. His legacy will continue to inspire generations to come.
Vichai was a self-made man who rose through the ranks of society despite starting with nothing but his ambition. He embraced every opportunity and worked diligently to achieve his goals. We should all strive for his unwavering belief in himself and the power of perseverance.
Above all else, Vichai Srivaddhanaprabha dedicated his life to helping others- financially and emotionally – which is commendable.
FAQ | Vichai Srivaddhanaprabha Net Worth
What is Vichai Srivaddhanaprabha worth?
Vichai Srivaddhanaprabha's worth is far more than monetary value; it lies in his kindness, philanthropy, and genuine care for the community."
What is Vichai Srivaddhanaprabha net worth?
Vichai Srivaddhanaprabha, the late chairman of Leicester City Football Club, had a net worth estimated at $4.9 billion USD at his death. Vichai was born into a Thai-Chinese family in Bangkok and was the founder, owner, and chairman of King Power Duty Free Co Ltd.
King Power is one of the most successful duty free companies to date, with an empire stretching over Thailand’s main airports as well as international cities like London's Heathrow Airport and Milan's Malpensa Airport. Vichai built up this business from nothing to become one of Asia’s richest men. As part of his fortune, he owned assets such as private jets and a helicopter hangar in Bangkok. He also owned luxury properties around the world including homes in London, New York City and Los Angeles.
How much are Leicester City owners worth?
Vichai Srivaddhanaprabha is the owner of Leicester City Football Club, one of the most successful teams in the Premier League. Born and raised in Thailand, Srivaddhanaprabha has earned a reputation as an astute businessman who is worth billions of dollars.
As of 2021, his net worth stands at an estimated £3.95 billion (US$5.39 billion). He acquired Leicester City Football Club in 2010 for £39 million (US$52 million), and has since overseen their rise to become one of the most successful English football clubs. His impressive investment strategy has seen him increase his wealth dramatically over the past decade alone, with much of it coming from his duty free retail business King Power International Group.
Who owns King Power now?
Vichai Srivaddhanaprabha, the founder of King Power International Group, famously made a name for himself as the owner of Leicester City Football Club. The Thai billionaire tragically passed away in 2018 when his helicopter crashed shortly after taking off from the club’s stadium. His death left many wondering who would take ownership of King Power and its various business interests.
Today, Vichai’s family continues to be at the helm of his company, with his son Aiyawatt presiding over all operations as chairman and CEO. Vichai's wife Aimon has also been playing an instrumental role in managing the company since her husband’s passing. Aimon is focusing on preserving her late husband's legacy by continuing to support Leicester City and financing various charitable initiatives across Thailand.
How much is King Power worth?
Vichai Srivaddhanaprabha is the founder of King Power, one of Thailand’s largest duty-free retail companies. He has been credited with transforming the Thai economy by creating a successful business empire that spans across Asia and Europe. But what many might not realize is just how much his company is worth.
King Power was founded in 1989 and now employs over 10,000 people in its various branches across the world. In Thailand alone, the company owns over 40 stores and generates around $2 billion in yearly revenue from its duty-free sales. This amount does not include additional income from King Power’s other ventures such as restaurants, hotels, resorts, and more.
How did Vichai Srivaddhanaprabha make his money?
Vichai Srivaddhanaprabha was a Thai-British businessman who founded the multi-billion dollar King Power Duty Free empire. His untimely passing in October 2018 shocked the world and left many wondering how he made his wealth. In this article, we will explore Vichai's career and business success to gain insight into his financial accomplishments.
Born in Bangkok, Thailand in 1958, Vichai began to build his fortune when he established King Power International Group Co. Ltd., which would become one of the largest duty-free retail companies in the world. With over 3 billion USD worth of assets, King Power expanded rapidly across Southeast Asia and Europe with numerous outlets at airports around the globe. His chain of luxury retail stores also included several restaurants and hotels.
Who is the present owner of Leicester City?
Who is the present owner of Leicester City? The present owner of the English Premier League club, Leicester City Football Club, is Vichai Srivaddhanaprabha. The Thai businessman bought the then-Championship team in 2010 and played a major role in their promotion to the Premier League four years later.
Srivaddhanaprabha has since become one of the most well-known and respected owners in English football, having invested heavily in both players and infrastructure at Leicester City. His influence on the team's success was clear for all to see when they were crowned champions of England for the first time ever in 2016 - a feat which many thought impossible before he took over.
Who sponsors King Power?
Vichai Srivaddhanaprabha has become a household name in the world of football, thanks to his sponsorship of Leicester City Football Club. The Thai billionaire businessman is the founder and chairman of King Power International Group, which is the main sponsor of Leicester City. King Power has been associated with the club since 2011, when they signed an agreement that would last until 2028.
King Power owns and operates duty-free franchises all around Thailand, as well as several other businesses in various industries including food and beverage manufacturing and real estate development. On top of this, Vichai Srivaddhanaprabha also owns two airlines - Thai AirAsia X and Bangkok Aviation Center - which he purchased in 2012 for a reported $40 million.
Where is King Power located?
Vichai Srivaddhanaprabha is the founder and chairman of King Power International Group, a global enterprise based in Thailand. Born in Bangkok in 1958, Vichai has been a leader in the business sector for nearly four decades. His flagship company, King Power, is headquartered at Suvarnabhumi Airport and operates duty-free stores across Thailand.
King Power is renowned for providing customers with high-quality products while maintaining competitive pricing. The network of duty-free stores spans more than 15 locations throughout Thailand including popular tourist destinations such as Bangkok's Suvarnabhumi Airport, Don Muang Airport, Phuket International Airport and Chiang Mai International Airport. In addition to the duty-free shops, King Power also owns several retail stores located near major tourist attractions like Wat Pho Temple and Khao San Road.
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