A Thai media magnate, who is a transgender woman, has made history by buying the Miss Universe Organization for $20 million. This is the first time that the beauty pageant organiser will be owned by a woman.
Anne Jakapong Jakrajutatip, CEO of JKN Global Media Public Company Limited which has bought the Miss Universe Organisation, said in press statement:
"We seek not only to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions, but also to evolve the brand for the next generation.”