Thai transgender activist and enterprise mogul buys Miss Universe for $20 million

A Thai enterprise tycoon and transgender activist has purchased the Miss Universe group for $20 million, his firm introduced on Wednesday.

Chakrapong “Anne” Chakrajutathib, who controls JKN World Group Public Co. Ltd., is a star in Thailand who has starred in actuality TV exhibits and who brazenly says she is a transgender lady. She helped begin a non-profit group, Life Impressed For Transsexual Basis, to advertise trans rights.

JKN mentioned it acquired the rights to the Miss Universe pageant from IMG Worldwide LLC, a sports activities, expertise and occasion advertising and marketing firm that has owned the Miss Universe group since 2015. Former US President Donald Trump was half proprietor of the rights to the competition from 1996 till IMG. buy.

JKN mentioned it established a subsidiary in the USA, JKN Metaverse Inc., to carry the Miss Universe group. The Miss Universe pageant airs in 165 international locations, in response to IMG.

In an announcement, Chakrapong described the acquisition as “a strong and strategic addition to our portfolio.” JKN, which is concerned in content material distribution, drinks, dietary dietary supplements, magnificence and client merchandise, mentioned the Miss Universe identify will likely be used to advertise its client merchandise.

A profile of Chakrapong within the Bangkok Publish newspaper earlier this 12 months mentioned that in her youth she studied at an all-male college the place she was harassed for figuring out as a lady. After reaching monetary success, she spent 40 million baht ($1 million) on intercourse reassignment surgical procedure and different procedures, he mentioned.

Whereas Thailand enjoys a constructive worldwide repute with regard to the rights and life of LGBTQ communities, the shortage of procedures for transgender folks to alter their authorized intercourse, coupled with inadequate authorized protections and the social stigma, limits transgender folks’s entry to companies and exposes them to day by day indignities, New York-based Human Rights Watch mentioned in a report launched final 12 months.

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