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Thai reality show host bought Miss U pageant for $20 M

By Cynthia Montojo

Reality Shows “Project Runway” and “Shark Tank” host  Jakapong “Anne” Jakrajutatip,  Thai celebrity media tycoon and transgender rights advocate has bought  Miss Universe Organization for $20 million, marking the first time beauty pageant organizer will be owned by a woman, her company.

She has been outspoken about her experience as  transgender woman and also set up  Life Inspired For Thailand Foundation to advocate for rights to dignity and opportunities for transgender people.

The acquisition is “strong, strategic addition to our portfolio,” said Jakapong, adding that Miss Universe, with its content, licensing and merchandising opportunities, plans to expand in Asia.

JKN produces its own shows and distributes content in Thailand from abroad including documentaries and Bollywood dramas. Its shares jumped nearly 10% in early trade.

The annual beauty contest run by Miss Universe Organization, which was co-owned by Donald Trump between 1996 and 2002, is broadcast in 165 countries and has been running for 71 years.

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