Vanich Chaiyawan Net Worth

$4,400,000,000

Vanich Chaiyawan is a Thai businessman with an impressive net worth of $4.4 billion. Starting out selling cigarettes on the streets and later trading rice, he is now the chair of Thai Life, the nation’s second-largest life insurance company.

Key facts:

Vanich Chaiyawan had humble beginnings, starting off selling cigarettes in the streets at the age of 14 and later trading rice.
He is the chair of Thai Life, the nation's second-largest life insurance company.
Chaiyawan has entered the lists of world's billionaires and Thailand's richest people due to the rising value of Thai Life, in which he owns a 75% stake along with his family.
Although his son Chai serves as president, Vanich Chaiyawan still plays a significant role in the operations of Thai Life.
Besides Thai Life, he also co-owns stakes in Singapore-listed brewer and distiller Thai Beverage, which was founded by fellow billionaire Charoen Sirivadhanabhakdi. Vanich Chaiyawan co-owns these stakes with his sons Chai and Vinyu, and daughter Weena.