Mr Nawat 'prepares' to spend 100 billion to take over MU, destroy Big 1, 'beautifully ignore' Thuy Tien

Mr. Nawat is the chairman of MGI with his autocratic and competitive management style that has turned the image of Miss Grand Peace into an international joke. Not stopping there, after he bought the copyright of MUT, he also planned to spend 100 billion to buy back MU.

According to Thairath, the Thai beauty world continues to receive a new shoc.k when Mr. Nawat Itsaragrisil - Executive Chairman of Miss Grand International (MGI) not only extended the copyright of Miss Universe Thailand (MUT) for another 20 years, but also prepared to step into the role of the second largest shareholder of JKN Global Group, the unit that owns the global copyright of Miss Universe.

Specifically, according to the announcement from JKN Global Group sent to the Stock Exchange of Thailand (SET) on April 24, 2025, Mr. Nawat or the Miss Grand International (MGI) organization is expected to buy a total of 300 million shares with a value of about 150 million baht (equivalent to more than 100 billion VND). This transaction, if completed, will make him the second largest shareholder of JKN - thereby gradually "binding power" to the Miss Universe brand.

In addition, according to the resolution passed at the JKN Board of Directors meeting on April 22, the company has agreed on a plan to issue individual shares (Private Placement) to increase charter capital and serve the brand restructuring plan. MGI and Mr. Nawat will be the strategic investors participating in the purchase of shares in this round - however, all transactions will only officially take effect after being approved by the Central Bankruptcy Court and the resolution of the creditors.

Mr. Nawat's decision attracted attention at a time when Miss Thuy Tien - the president's former "pet" - is facing the biggest trouble of her career in Vietnam. This shows that Mr. Nawat is wholeheartedly focusing on his new turning point for the Miss Universe brand.

Previously, when Miss Thuy Tien was caught up in a scanda.l over "exaggerated" advertising, President Nawat had an "ignorant" attitude on livestream, he said that the contract between her and the Miss Grand International organization had ended 2 years ago. At the same time, in the past time, Mr. Nawat also did not have any action related to the 1998-born model.

In the past, President Nawat once caused a stir in public opinion when he said that Miss Nguyen Thuc Thuy Tien earned about 70 billion VND just three months after being crowned Miss Grand International. This figure immediately caused a "shoc.k" in the beauty industry and the public, raising many questions about the actual income of an international beauty queen at the peak of her fame.

However, the information was quickly denied by Miss Thuy Tien's own team. Thuy Tien herself also spoke up to correct it, sharing that she did not want to be confined by numbers. For her, true value comes from simple things like building a house for her mother, and her next dream is to take care of her grandmother. The beauty affirmed that she had never achieved the rumored income of 70 billion, and she herself did not put mone.y at the center of her post-coronation journey.

The news that Mr. Nawat spent 100 billion to enter the MU organization made the online community confused and worried. Previously, when Nawat and Anne shook hands to hand over the copyright of MUT, it caused a stir in a part of the world. Because as soon as he got the copyright, Mr. Nawat frankly criticized Miss Cosmo as Miss Copy, causing a series of Miss Universe Vietnam to remove their titles. Frankly condemning the arrogan.t attitude and underestimating the value of newly established competitions.

In this noisy and arrogan.t situation, Miss America also spoke out frankly to Mr. Nawat: "It is unfortunate to see so many new leaders in beauty pageants with such big egos. Beauty pageants are not the playground of the executives, but of the contestants and the title holders. True leaders will understand that there is always competition. But instead of criticizing others, they will prove it with their own abilities and show the world why they are the best executives. That is the way to gain real respect and trust."

Many people fear that the future of MU will go from a Big 1 arena where women will use their voices to change the world to being expelled and forgotten in some corner.

Mr. Nawat was afraid of contagion, immediately cu.t of.f the relationship, Thuy Tien revealed the balance of 240 billion? JLO15:02:23 06/04/2025In recent days, Miss Thuy Tien has become the focus of discussion. After the Kera candy scanda.l, the name of Miss International Peace has been affected to some extent. Most recently, she was also suspended from leaving the country to serve the investigation.