The most scandalous moments in beauty pageant history

The company that owns the Miss Universe pageant has filed for bankruptcy

Stars Insider

16/11/23 | StarsInsider

LIFESTYLE Scandal

The world of beauty pageants appears to be one of beautiful women with poise and talent, but it's often marred by lies, sex scandals, drugs, and lawsuits, as well as waves upon waves of embarrassment.

A poorly timed scandal is the financial collapse of the company that owns Miss Universe, just before the 2023 finale. The media distribution company JKN Global Group which owns the Miss Universe pageant has reportedly filed for bankruptcy. The Thai firm purchased the Miss Universe organization for US$20 million in 2023. JKN reportedly missed a US$12 million loan repayment in September due to a “liquidity problem" and is working towards restructuring its debts. The 2023 Miss Universe finale is due to air on November 18, but JKN says their financial woes won't impact the event. 

Anne Jakapong Jakrajutatip, Thai trans rights activist and businesswoman, is the CEO of JKN and the owner of Miss Universe. Upon taking over the pageant in 2022, Jakrajutatip expressed her intention to expand Miss Universe into Asia and grow the company's brand. Despite the challenges they have faced in 2023, JKN remains hopeful that their new financial arrangements will “support all of the company’s business operations, including Miss Universe.” 

Intrigued? Then check out this gallery to see the most scandalous, and certainly less honorable, moments in beauty pageant history.

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