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WEKU
WEKU
Business
The Associated Press

A Thai media mogul and transgender activist has bought the Miss Universe competition

Transgender JKN Miss Universe Miss Universe Organization Thailand IMG
Thai business tycoon and transgender activist Chakrapong "Anne" Chakrajutathib poses for a photo after a news conference Thursday in Bangkok. (Sakchai Lalit/AP)

BANGKOK — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday.

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.

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