Thai business tycoon, transgender activist buys Miss Universe org for $20M

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The buyer is a celebrity in Thailand who has starred in reality shows and is outspoken about being a transgender woman.

Contestants participate in the Miss Universe Myanmar 2022 pageant in Yangon, Myanmar, Oct. 1, 2022.

Chakrapong "Anne" Chakrajutathib, who controls JKN Global Group Public Co. Ltd., is a celebrity in Thailand who has starred in reality shows and is outspoken about being a transgender woman. She helped establish a nonprofit group, Life Inspired For Transsexual Foundation, to promote trans rights. JKN said it has established a subsidiary in the United States, JKN Metaverse Inc., to own the Miss Universe Organization. The Miss Universe pageant is broadcast in 165 countries, according to IMG.In a statement, Chakrapong described the purchase as "a strong, strategic addition to our portfolio." JKN, which is involved in content distribution, beverages, food supplements, beauty and consumer products, said the Miss Universe name will be used to promote its consumer products.

 

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