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Thailand’s Prime Minister Paetongtarn Shinawatra has 75 watches valued at 162 million baht, 39 timepieces and 217 handbags worth 76 million baht, as per the declaration.
Paetongtarn Shinawatra is the daughter of former prime minister Thaksin Shinawatra and assumed office in September.
Thailand’s Prime Minister Paetongtarn Shinawatra declared over $400 million in assets, including more than 200 designer handbags, 75 luxury watches and much more. The declaration, filed with the National Anti-Corruption Commission (NACC), shows that Paetongtarn Shinawatra has assets totaling 13.8 billion baht (approximately $400 million}- investments worth 11 billion baht, and an additional one billion baht in cash and deposits.
Paetongtarn Shinawatra LOVES watches, a bit too much
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She has 75 watches valued at 162 million baht, 39 timepieces and 217 handbags worth 76 million baht, as per the declaration. She also owns property in London and Japan. She also has liabilities of nearly five billion baht, resulting in a net worth of 8.9 billion baht ($258 million).
Paetongtarn Shinawatra’s father is Thailand’s 10th richest person
Paetongtarn Shinawatra is the daughter of former prime minister Thaksin Shinawatra and assumed office in September. She is the fourth member of her family to lead the Thai government in two decades. Her father’s estimated net worth is $2.1 billion, making him the 10th-richest person in Thailand, as per Forbes.
Paetongtarn Shinawatra’s predecessor Srettha Thavisin had declared assets of 985 million baht when he left office- a decrease from his initial declaration of 1.02 billion baht at the start of his term.
Yuttaporn Issarachai, an analyst from Sukhothai Thammathirat University, said, “In a nation without a fully functioning democracy, money plays a crucial role in political activities. This has often been the justification for military interventions, with claims of a lack of transparency.”
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