Miss Universe organization could go bankrupt after loss of investors

Lately, Anne Jakkaphong Jakrajutatip‘s company, ‘JKN Global Group Company’ who is the current owner of the Miss Universe pageant, has been losing huge amounts of money, and this is because many of the investors who held their interests in the organization have been pulling out due to the recent fluctuation in the company’s stock values.

The holder of the Miss Universe organization could be filing bankruptcy statements on some of its assets due to the huge loss of interest from shareholders and investors.

This is also due to the latest rumors of corruption that allegedly took place in the last edition of the Miss Universe 2023 coronation.

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According to reports, JKN noted that the reason for revising the size downward again is because it received a positive response after hosting the Miss Universe 2022 competition in New Orleans, both in terms of the number of viewers worldwide and the number of business partners contacted.

Specifically, the company has signed a contract with El Salvador to host the Miss Universe, the host country for the 2024-2025 competition is pending the signing of the contract.