Vichai Srivaddhanaprabha’s Son Vows To Continue Thai Billionaire’s ‘Big Mission’

The youngest son of Leicester City’s Thai billionaire proprietor, Vichai Srivaddhanaprabha, issued a heartfelt message of thanks late Wednesday for the cascade of condolences that adopted his father’s death in a helicopter crash. Vichai, 60, was Thailand’s fifth-richest man when he died within the horror crash after watching his beloved Leicester City play on Saturday. He made billions from his King Power duty-free monopoly in Thailand, utilizing the money to spend money on resorts, horses and latterly Leicester’s as soon as unremarkable soccer membership.

In the primary public response from his devastated household, his 32-year-old son Aiyawatt — higher identified by his nickname ‘Top’ — thanked individuals for the messages of help from the world over.

“I’m extremely proud to have such an extraordinary father,” he mentioned in an Instagram publish shared by King Power’s press workplace.

“I’m touched by how many people kept him close to their hearts.”  

Vichai leaves behind a wife, and four children, two sons and two daughters. All 5 are on the manager board of King Power.

But Top — already vice-chairman of Leicester — appeared to verify he has been anointed to steer no less than elements of the King Power empire.

“He (Vichai) has left me with a legacy to continue and I will do everything I can to carry on his big vision and dreams,” the publish mentioned.

“From him I have received a very big mission and legacy to pass on… and I intend to do just that.”

The publish was accompanied by a number of photographs of the pair embracing, one with Top kissing his father on the cheek and one other cheekily presenting a polo trophy to his father. Both shared a love for the equestrian sport.

Shopping empire

Over three a long time Vichai chiselled out a purchasing empire now price some $4.9 billion, based on Forbes, along with his preliminary success owing much less to household wealth than a knack for profitable — after which conserving — the favour of the Thai elite, gatekeepers to the dominion’s wealth.

That included the monarchy, in honour of whom he named his firm and whose former king rewarded him along with his prolonged royally-bestowed surname that interprets as “auspicious and prosperous light”.

But King Power’s money cow duty-free business is beneath menace.

It is prone to face a critical problem to its monopoly on duty-free at Thailand’s predominant worldwide airports when its license comes up for evaluation later this 12 months.

Its concession for Bangkok’s largest airport is because of expire in 2020, doubtlessly opening up the corporate to competitors for the primary time 14 years.

Top and his mom, Vichai’s spouse Aimon, paid a tearful go to to the King Power stadium this week, laying a wreath within the centre of the pitch and hugging membership executives and gamers — with Jamie Vardy and Kasper Schmeichel amongst these most visibly moved.

The pair have been fulcrums of Leicester’s 2016 title-winning aspect, one of many sport’s very unlikely underdog victories dynamised by Vichai’s huge funding and shrewd decision-making.

Source link