Thailand’s Prime Minister Paetongtarn Shinawatra on Friday declared over$ 400 million in assets, which include more than 200 designer handbags, 75 luxury watches, and more. Her political party confirmed the declaration, which was filed with the National Anti-Corruption Commission ( NACC).
The declaration shows Paetongtarn possesses assets totaling 13.8 billion baht ( approximately$ 400 million ), according to an AFP report. This includes purchases fair 11 billion ringgit and an additional 1 billion baht in cash and debris. Her possessions also include 75 pieces valued at 162 million baht, another 39 accessories, and 217 bags for 76 million ringgit. She even has real estate in Japan and London.
She also reported liabilities of nearly five billion baht, which translates to a net worth of 8.9 billion baht ($ 258 ), according to a document from the NACC that was shared by local media.
Paetongtarn, the princess of former prime minister Thaksin Shinawatra, assumed office in September. She is the fifth person from her home to have held the position of prime minister in the past 20 years.
Paetongtarn’s family’s wealth
Paetongtarn’s parents, Thaksin, has an estimated net worth of$ 2.1 billion, making him the 10th-richest man in Thailand, according to Forbes. Manchester City sport team was previously owned by Thaksin.
Thaksin used the money he gained from his Shin Corp telecommunications kingdom to become president, and his home has remained powerful also after his coup-empire years in exile.
Previous PM’s property
Paetongtarn’s father, Srettha Thavisin, had declared resources of 985 million baht when dismissed from office in August. His first declaration of 1.02 billion baht at the beginning of his name was less than that.
Wealth is a significant factor in social activities, according to the statement.
Yuttaporn Issarachai, an scientist from Sukhothai Thammathirat University, said that there is a crucial connection between success and elections in Thailand.
” In a society without a fully functioning democracy, cash plays a vital role in social activities. This has often been the explanation for military treatments, with promises of a lack of transparency”, Issarachai said.
