BillionaireNet
Heinecke
William Heinecke
Rank #2598
THAILANDServiceHotels

William Heinecke

Net Worth
$1.378B
-0.87% (24h)
William Heinecke, a 76-year-old Thai businessman born in the U.S., is the founder and chairman of Minor International PCL. His wealth stems from his ventures in the hotel and real estate industries. Heinecke's career began in Thailand at age 14, leading to the founding of Minor Holdings in 1967, which later became Minor International, a global leader with over 600 hotels and resorts. His achievements include the ABLF Trailblazer Award and recognition on the Global 100 in Hospitality list. His leadership has expanded Minor International's portfolio to include over 2,700 restaurants and 287 retail outlets across 70 countries. Heinecke is also known for his philanthropic efforts, including the Heinecke Foundation and support for elephant conservation.

The Full Dossier

Early Life

William Ellwood Heinecke was born in Quantico, Virginia, USA, in 1949. His father served in the U.S. military, and his mother was an Asia correspondent for Time magazine. In 1963, at the age of 14, Heinecke moved to Bangkok, Thailand, with his family, having previously lived in Japan, Hong Kong, and Malaysia. He attended the International School Bangkok.

Rise to Success

Heinecke's entrepreneurial journey began at 17, when he became the advertising manager for Bangkok World. A year later, he founded Inter-Asian Enterprise, which supplied office cleaning services, and Inter-Asian Publicity, a radio advertising company, with a borrowed capital of $1,200. He sold Inter-Asia Publicity to Ogilvy & Mather. In 1967, Heinecke founded Minor Holdings, which grew into The Minor Group, comprising over 30 companies. His first hotel venture was the Royal Garden Resort Pattaya in 1978.

Key Business Strategies

Heinecke's success in Thailand was also due to his early connection with the Crown Property Bureau (CPB), which helped him secure lease agreements for properties on Crown land. He introduced American-style fast foods like Mister Donut, The Pizza Company, and Burger King to Thailand. He has expanded his business to hospitality, restaurants, and lifestyle brands, with over 530 hotels and resorts across 55+ countries.

Philanthropy

Heinecke has been involved in philanthropic initiatives, including the Heinecke Foundation which supports education for less-fortunate children; the Golden Triangle Asian Elephant Foundation; and the Mai Khao Marine Turtle Foundation. He has also been involved in The St. Regis Bangkok Charity Gala & Auction.

Career Timeline

2022

Global 100 in Hospitality

Featured on the Global 100 in Hospitality list by the International Hospitality Institute

2013

ABLF Trailblazer Award

Received the ABLF Trailblazer Award from the Asian Business Leadership Forum.

1991

Became a Thai Citizen

Naturalized as a Thai citizen, renouncing US citizenship.

1978

First hotel venture

Opened Royal Garden Resort Pattaya.

1967

Founded Minor Holdings

Founded Minor Holdings, which later became The Minor Group with over 30 companies.

Philanthropic Impact

Education$XB

Heinecke Foundation

Supports education for less-fortunate children

Animal Welfare$XB

Golden Triangle Asian Elephant Foundation

Seeks to improve the welfare of elephants

Environmental Conservation$XB

Mai Khao Marine Turtle Foundation

Helps rejuvenate the turtle population

Wealth Trajectory