Vanich Chaiyawan
$4.2B
Born
Jan 01, 1932
Age
93
Source of Wealth
Insurance, beverages
Residence
Bangkok,
Citizenship
Thailand
Marital Status
Married
Children
8
Education
- 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.
- 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.
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