<p>Surging stocks for coatings companies worldwide have created Southeast Asia’s second paint company billionaire.</p>
<p>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.</p>