Thailand's Prime Minister Paetongtarn Shinawatra has declared over $400 million in assets, including luxury handbags and watches. This comes as the youngest daughter of former Prime Minister Thaksin Shinawatra takes on the role of leading the nation.
Thailand's Prime Minister Paetongtarn Shinawatra declared more than $400 million in assets on Friday, her party said, including more than 200 designer handbags worth over $2 million and at least 75 luxury watches valued at almost $5 million. Paetongtarn, the youngest daughter of telecom billionaire and ex-prime minister Thaksin Shinawatra, took office in September as the fourth member of the clan to lead a Thai government in 20 years.
Paetongtarn, now 38, also became Thailand's youngest leader at age 37 when she took office. Paetongtarn was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC). She identified 13.8 billion baht ($400 million) in assets, a document posted on media websites showed. Her investments were worth 11 billion baht and she had another billion baht in deposits and cash, her declaration said. Her other assets included 75 watches valued at 162 million baht and 39 more timepieces, plus 217 handbags worth 76 million baht, as well as property in London and Japan among other holdings. She also declared liabilities of nearly five billion baht, according to the NACC document posted by local media, giving her a net worth of 8.9 billion baht ($258 million). A representative from the Pheu Thai Party confirmed to AFP that the figures reported by Thai media were accurate. Her father and predecessor Thaksin -- who once owned Manchester City football club -- has a net worth of $2.1 billion, according to Forbes, making him the 10th-richest person in Thailand. Thaksin used the wealth generated by his Shin Corp telecommunications empire to propel him into politics, and his family has remained influential even during his years in exile following his ousting in a coup. Last year, Thaksin was freed from a police hospital, where he had been serving a one-year jail sentence for corruption and abuse of power, the BBC reporte
THAILAND PRIME MINISTER ASSETS WEALTH SHINAWATRA FAMILY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung Slashes Galaxy S24 Ultra Prices: $400 Off Or $800 Trade-InI’ve been writing about technology for two decades and am routinely struck by how the sector swings from startling innovation to persistent repetitiveness. My areas of specialty are wearable tech, cameras, home entertainment and mobile technology.
Read more »
Elon Musk becomes the first person to reach a net worth of $400 billionElon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first to ever reach that level of wealth.
Read more »
Elon Musk's net worth soars to $400 billion: reportElon Musk’s personal fortune has soared to a dizzying new level: $439.2 billion, according to a Wednesday report from Bloomberg.
Read more »
Elon Musk hits $400 billion record, teases bold Bill Gates bankruptcy if Tesla rulesElon Musk becomes the first individual to surpass $400 billion in net worth, reaching $447 billion.
Read more »
Save $400 on the ever popular Dell XPS 14 laptop right nowThe Dell XPS 14 is a great laptop for many people, and a model with a dedicated graphics card is currently on sale at $400 off at Dell.
Read more »
Canada's finance minister resigns as Prime Minister Trudeau deals with declining popularityCanadian Finance Minister Chrystia Freeland, long Prime Minister Justin Trudeau’s most powerful minister, has announced she is resigning from the Cabinet. Freeland, who also was deputy prime minister, said Trudeau had told her Friday that he no longer wanted her to serve as finance minister and that he offered her another role in the Cabinet.
Read more »