Vanich Chaiyawan


This insurance tycoon has come a long way since selling cigarettes in the streets as a young man. Vanich, 83, then moved into rice trading and later, the insurance industry. He and his family control the private insurance company Thai Life, the country’s third largest life insurer. Other investments include property holdings and a small stake in Thai Bev. 


Thai Life

Net worth:

US$4.2 billion