[2] Paiboon was born on May 27, 1949, in an overseas Chinese family, who operated a small grocery store in Yaowarat.
Paiboon is married to Mae Damrongchaitham, a Taiwanese real estate businesswoman.They have 4 children together, 2 sons are Fah Mai (currently Chief Strategy Officer - Music Business 1 of GMM Grammy)[4] and Rafa (currently Chief Marketing Officer of The One Enterprises Public Company Limited)[5] and 2 daughters, Ingfah and Fahchai.
In 1983, Paiboon brought the accumulated money around 400,000-500,000 baht as the registered capital to establish Grammy Entertainment Co., Ltd. on November 11 to produce music and then record it for sale (music label) in collaboration with Rewat Buddhinan the singer musician and ex-the Impossibles band members.
which the first licensed work of Grammy is the production of a set of songs Thai Maha Music (มหาดุริยางค์ไทย) authored by Luang Pradit Pairoh.
Paiboon became the Chairman of the Board after Rewat's death from cancer in 1996 and is the largest shareholder of GMM Grammy with a total of 392,834,599 shares, representing 47.91%, but Paiboon and all 4 children have company restructured by transferring all the shares that all 5 people hold in GMM Grammy, a total of 50.25%, to Fah Damrongchaitham Company, which the family established as a shareholder instead.