Thai PM Paetongtarn Shinawatra Discloses $400 Million Assets

Thai Prime Minister Paetongtarn Shinawatra’s Impressive Asset Disclosure

According to a recent report by Odaily, Thai Prime Minister Paetongtarn Shinawatra has revealed her personal assets, totaling approximately $400 million.

Details of the Asset Declaration

Paetongtarn’s asset declaration includes:

• Two prime properties located in London.
• Investments in various companies.
• A collection of luxury items, including >watches and handbags.

Cash Reserves and Bank Accounts

The 38-year-old politician, who belongs to the prominent Shinawatra family, reported

holding around 1.09 billion baht (approximately $31.6 million) in cash and deposits, spread across more than 26 bank accounts.

Net Worth Evaluation

Upon reporting her assets to the National Anti-Corruption Commission (NACC), it was disclosed that her total assets amount to 13.85 billion baht (around $400 million). However, documents provided by local media indicate that Paetongtarn has declared nearly 5 billion baht in liabilities, consequently leading to a net worth estimation of 8.9 billion baht (approximately $258 million).

Political Background and Recent Developments

Paetongtarn, who is the youngest daughter of former Prime Minister Thaksin Shinawatra, became the third member of her family to assume the role of Prime Minister of Thailand in August 2024. This followed the removal of former Prime Minister Srettha Thavisin by the Constitutional Court due to ethical violation.

Spousal Assets

Additionally, her spouse, Pidok, has also disclosed assets amounting to 147 million baht and reported an income of 5.13 million baht from the previous year, which includes earnings from cryptocurrency trading.

Conclusion

Paetongtarn Shinawatra's asset declarations provide insight into the financial standing of Thailand's political elite and highlight the connection between wealth and political power.