Vichai's connections to the upper echelons of Thai society were also demonstrated by the personal condolences offered by Thai royal family member, Princess Ubolratana Rajajanya Sirivadhana Bavardi, who said Vichai's death was a "great loss to the football world".
Writing earlier this year about becoming a pilot as part of the project to celebrate women getting the vote in Poland in 1918, she said she was inspired by her partner.
After purchasing Leicester City for £39m ($50m) in 2010, the club went on to win the Premier League title in 2016, regarded by many of as one one of the greatest sporting achievements of all time and reach the quarter final of the Champions League the following season. "He will be missed by all fans of the sport and everyone lucky enough to have known him".
Players and staff from the club were also at the stadium to pay their respects.
Leicester and England defender Harry Maguire posted on Twitter how Vichai had supported him at club and at worldwide level during the World Cup, describing the Thai billionaire as "A truly great, kind, loving man who will be missed so much by everyone".
The Leicester City owner's helicopter has crashed in a vehicle park outside the club's ground shortly after taking off following a match.
Leicester City's charismatic Thai chairman was the subject of growing concerns on Sunday after a helicopter belonging to the billionaire crashed and burst into flames in the stadium carpark shortly after taking off from the club's pitch. "A man of kindness, of generosity and a man whose life was defined by the love he devoted to his family and those he so successfully led".
"The Air Accidents Investigation Branch (AAIB) is leading the investigation into the accident and a cordon remains in place at the scene while enquiries continue".
Shilton, who was born in Leicester and made over 300 appearances for the Foxes between 1966 and 1974, said the city "will be in mourning for a long time".
Leicester City's first-team squad had a short training session on Monday morning.
The Foxes' EFL Cup game with Southampton on Tuesday night has been postponed.
It was under Vichai's ownership that Leicester crafted one of the biggest fairytales in English soccer history by winning the 2015-16 Premier League, having started the season as 5,000-1 outsiders for the title.
"We had never dared to dream before Vichai took over our club", he said.
While he continued to avoid interviews, Vichai was a regular at Leicester matches and his face - and the King Power brand - became synonymous across a football-mad country with the success of Thai business overseas.
Vichai has been praised for his charity work, donating 2 million pounds ($2.5 million) toward a new local children's hospital, and he often provides free beer and food for fans outside stadiums.
Meanwhile, details have emerged from eye witnesses on what caused the helicopter crash, with engine failure sounding like a posible cause for the incident.