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$2.1 billion .The recent declaration of interests of Thai Prime Minister Paetongtarn Shinawatra has attracted considerable attention due to the revelation of her personal wealthestimated at nearly €400 million . Having taken office in August, she is required to disclose her assets to the
National Anti-Corruption Commission (NACC), and her declarations reveal a wealth of significant investments and luxury goods. This raises questions about the influence of personal wealth in politics and the transparency of leaders in their public functions. Thai Prime Minister Paetongtarn Shinawatra recently revealed an impressive personal wealth, estimated at nearly€400 million , in a declaration of interests made public by the media. This announcement comes as she took office last August, and is required to declare her assets to theNational Anti-Corruption Commission (NACC)
. Details of the declaration of interests
As part of his declaration, Paetongtarn Shinawatra revealed that his total wealth amounts to 13.8 billion baht, which is a significant sum. Among his assets, his placements and investments represent approximately 11 billion baht (more than 310 million euros), while its liquidity amounts to one billion baht (more than 28 million euros).
Revealing luxury goods
The Prime Minister’s wealth is also illustrated through her luxury goods. She has 75 luxury watches, estimated at 162 million baht (practically 4.6 million euros), as well as 217 designer handbags worth 76 million baht (more than 2 million euros). His declaration also includes the possession of properties has London and at Japan, testifying to its privileged status on the international economic scene.
The implications of considerable wealth
Despite declaring her wealth, the Prime Minister also mentioned significant liabilities of approximately five billion baht (more than 141 million euros). This significantly reduces his net worth, which is then valued at 8.9 billion baht (more than 251 million euros), but which nevertheless remains impressive for a political figure.
An influential family legacy
It is important to note that Paetongtarn Shinawatra is the daughter of Thaksin Shinawatra, former Prime Minister of Thailand and owner of Manchester City, which he acquired in 2007. Thaksin himself has a fortune estimated at $2.1 billion, according to the classification of Forbes, making him one of the richest people in the country. The Shinawatra family’s wealth comes largely from the empire Thaksin built in the telecommunications.
An impact on Thai politics
Paetongtarn Shinawatra’s wealth declaration raises questions about the influence of personal wealth on political decisions. Despite the often tumultuous environment of Thai politics, the Shinawatra family has maintained a position of power and influence. While its heritage is being scrutinized, political observers are wondering about its possible impacts on its governance and the policies it will implement.
Future outlook
As her term approaches, the Prime Minister must navigate complex economic and political issues while being in the spotlight over her personal finances. The decisions she makes could shape not only her political future, but that of Thailand as a whole. The relationship between personal wealth and public service remains a crucial topic in Thai political debate.
Key facts about the Thai Prime Minister’s wealth
- Name: Paetongtarn Shinawatra
- Function: Prime Minister of Thailand
- Personal wealth: Nearly 400 million euros
- Declaration date: January 3, 2025
- Legal obligation: Statement to the National Anti-Corruption Commission (NACC)
- Property and investments: Around 13.8 billion baht
- Miscellaneous investments: 11 billion baht (310 million euros)
- Liquidity: 1 billion baht (28 million euros)
- Properties: Located in London and Japan
- Luxury watches: 75 watches worth 162 million baht
- Handbags: 217 designer handbags worth 76 million baht
- Passive: Nearly 5 billion baht (141 million euros)
- Net worth: 8.9 billion baht (251 million euros)
- Family ties: Daughter of Thaksin Shinawatra, former Prime Minister
- Family heritage: Thaksin has a fortune of 2.1 billion dollars