Inspirational Friday: King of Duty Free in Thailand

620x434Vichai Srivaddhanaprabha
Age: 56
Source Of Wealth: duty-free, Self Made
Residence: Bangkok, Thailand
Net Worth: 1.5 Billion
#7 riches in Thailand
#1154 billionaires in the world.

The King Power Foundation was established by Mr. Vichai Srivaddhanaprabha, Group Chairman and CEO of King Power Group of Companies. His initial vision for the foundation was to benefit Children’s Health and Education, and to provide a variety of programs for the underprivileged in Thai society. Since its inception on 24th December 2004, the foundation has raised 1,445 million Baht, which it has presented to His Majesty the King, and dispersed to various other projects within the Kingdom of Thailand.
Revenues of King Power which has a monopoly on retail operations at Bangkok’s Suvarnabhumi airport and the recently revamped budget airport, Don Muang started surging in 2012. This gain plus new information on his shareholdings which include a 4% stake in Thai budget airline Nok Air, gave his wealth a boost, earning him a spot on the Forbes Billionaires list for the first time. He also owns English football team Leicester City and attends all of team’s home games.Vichai changed his surname from Raksriaksorn, when the monarchy bestowed upon him the honorific Srivaddhanaprabha, which means “light of progressive glory.
References:
http://www.forbes.com/profile/vichai-srivaddhanaprabha/
http://www.kingpower.com/kingPowerFoundation

Inspirational Friday: Single-minded focus; Operationally strong Technopreneur

Image“We only know the ‘kerbau (water buffalo) way,’ that is to work hard and wait for the rain.” Mark Chang quoted in an interview.

The man in his 50s, Mark Chang is the driving force behind Jobstreet.com –Malaysia’s largest online recruitment company. Chang initially wanted to form a company only to earn a living but the popularity of Jobstreet among employers and job seekers revolutionised the recruitment market in Malaysia. Jobstreet has continued to be profitable from the time of its formation.

JobStreet had passed RM1 billion in market capitalisation on April 26, 2013 when its share price closed the week at RM3.20. RM1.008 billion was the market cap at the close of that week.

“Product value is key to the ongoing success of Internet companies, and the fact that Chang is still focused in this area is very reassuring,” notes the analyst, who estimates that JobStreet enjoys gross margins of between 40% and 50%.

Mark Chang also pointed out the importance of aligning his staff to the company vision. Labelling himself as a broken old record, he personally remind the staff of the company’s vision on how many people they help to get their next job.

With Mark Chang as its CEO, Jobstreet.com has won several accolades including Internet Company of theYear, Malaysia Internet Awards by Jaring and The Star, E-Business site of theyear at PIKOM-Computimes ICT Awards.

BFM spotlight with Mark Chang: http://www.youtube.com/watch?v=H4PCTR8lLQs

Source:

http://www.jobstreet.com.sg/aboutus/

http://www.digitalnewsasia.com/sizzle-fizzle/jobstreet-hits-milestone-crosses-rm1bil-market-cap

http://top10malaysia.com/home/index.php/news-and-events/10-most-inspiring-malaysian-technopreneurs