Thailand’s Prime Minister, Paetongtarn Shinawatra, has disclosed assets exceeding $400 million, which include an impressive collection of over 200 designer handbags valued at over $2 million and at least 75 luxury watches worth nearly $5 million.
Paetongtarn, the youngest offspring of telecom magnate and former prime minister Thaksin Shinawatra, assumed office in September, becoming the fourth member of her family to lead the country’s government in two decades.
As part of her mandatory financial declaration to the National Anti-Corruption Commission, Paetongtarn revealed her financial standing in a document that was later shared across media outlets.
The declaration listed her total assets at 13.8 billion baht (approximately $400 million), which included investments valued at 11 billion baht and deposits and cash amounting to another billion baht.
Among her luxury assets were 75 high-end watches estimated at 162 million baht, 39 additional timepieces, and 217 designer handbags valued at 76 million baht. She also owns property in London and Japan, among other valuable holdings.
On the liabilities side, she reported nearly five billion baht in debts, bringing her net worth to 8.9 billion baht ($258 million), as indicated by the NACC document shared by local media.
A Pheu Thai Party representative confirmed to AFP that the published figures were accurate.
Her father, Thaksin, who previously owned Manchester City football club, has a net worth of $2.1 billion, according to Forbes, placing him as the 10th richest individual in Thailand.
His wealth, primarily derived from his Shin Corp telecommunications empire, was instrumental in launching his political career.
Despite years spent in exile following a coup, Thaksin’s family continues to wield significant influence in Thai politics.
