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Posted on: Feb. 14, 2017, 10:54 a.m.
Surging stocks for coatings companies worldwide have created Southeast Asia’s second paint company billionaire. Prachak Tangkaravakoon founded closely held TOA Group in 1957 and saw the company’s value surpass $1 billion as the falling cost of raw materials boosted margins, raising the value of paint companies globally. Together with his stake in a Thai sugar factory, Prachak has a net worth of $1.4 billion, according to the Bloomberg Billionaires Index. Full investment news article