Home World A Thai trans activist bought the Miss Universe pageant for $31 million

A Thai trans activist bought the Miss Universe pageant for $31 million

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A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for US$31 million, her company said.
Chakrapong “Anne” Chakrayutathib, who controls JKN Global Group Public Co Ltd, is a celebrity in Thailand who has starred in a reality TV show and is open about being a transgender woman. She helped found the Life Inspired For Transsexual Foundation, a non-profit group to promote transgender rights.

JKN said it acquired the rights to the Miss Universe pageant from IMG Worldwide LLC, the sports, talent and event marketing company that has hosted the Miss Universe Organization since 2015. Former US President Donald Trump was a partial owner of the pageant rights from 1996 until the IMG Purchase.

Thai transgender activist Anne Jakrayuthip has bought the Miss Universe brand for A$31 million. Source: Twitter

JKN said it has established a subsidiary in the United States, JKN Metaverse Inc, to own the Miss Universe Organization. According to IMG, the Miss Universe pageant is broadcast in 165 countries.

In a statement, Ms. Chakrapong called the purchase “a strong, strategic addition to our portfolio.”
JKN, which distributes content, beverages, nutritional supplements, cosmetics and consumer products, said the Miss Universe name will be used to promote consumer products.
A profile of Ms Chakrapong in the Bangkok Post newspaper earlier this year said she attended an all-boys school as a teenager where she was harassed for identifying as female. After achieving financial success, she spent $1.5 million on gender reassignment surgery and other procedures, the report said.

While Thailand enjoys a positive international reputation when it comes to the rights and lifestyles of the LGBTQ community, the lack of a legal gender reassignment procedure for transgender people, combined with insufficient legal protections and social stigma, limits transgender people’s access to services and exposes them to daily abuse, it said. in a report last year by the New York-based Human Rights Watch.

https://www.sbs.com.au/news/article/in-a-31-million-purchase-a-transgender-activist-acquires-the-miss-universe-pageant/jicztilou

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