MFP leader Pita Limjaroenrat’s wealth disclosure unveils assets of 85 million baht

[khaowong1]

21 pairs of shoes.. What in the heck.  Who needs 21 pairs of shoes.?  

[Dogmatix]

On 7/5/2023 at 6:04 PM, arithai12 said:

Eight relics?

 

wow, didn't know they count your wardrobe as an asset. Suddenly I find myself a whole 10,000 B richer.

Effigies of Prayut, Prawit, Thaksin. Who are the other 5 relics?

[BE88]

20 hours ago, billd766 said:

How many bank accounts does Prayuth have and what is his net worth? We will never know as HE refuses to release the details.

 

 

Uncle Sam is a great benefactor, 27 bank accounts helps a lot.

 

[omnipresent]

The breakdown of Pita's wealth is quite insightful. Here it is in a table:

 

Description	Proportion
14 rai of  land in Pran Buri	21%
5 life insurance policies	21%
loans to younger brother	18%
condominium	18%
10 watches	7%
van, motorcycles and 3 electric bicycles	3%
eight Buddha amulets	2%
cash	2%
28 equipment and electrical appliances	2%
Royal Bangkok Athletics Club membership	2%
65 investments	2%
16 suits	1%
2 cameras	1%
Bank accounts	0.3%
copyright for 4 books	0.3%
76 neckties	0.3%
28 shirts	0.2%
three mobile phones	0.2%
21 pairs of shoes	0.2%
furniture	0.1%

 

39% of his wealth is in real estate (land and condo), which makes sense for growing wealth in the long-term and possibly earning rental income.

 

The loans to his brother is a big proportion of his wealth; I guess he trusts his brother greatly. I wonder what the terms are, e.g. interest rate.

 

The tiny amount (0.3%) in 27 bank accounts is strange, but maybe he parks his money in life insurance policies that give payback with interest instead.

 

The 65 investments is a bit strange... it seems like extreme diversification for such a small proportion of his wealth (whereas the real estate is concentrated in only 1 land plot and 1 residence).

 

What do you guys think of his wealth portfolio?

 

Edited July 9, 2023 by omnipresent

[bignok]

On 7/5/2023 at 8:37 PM, snoop1130 said:

, 16 suites, 76 neckties, 21 pairs

How dear. How many new undies and socks?

[bignok]

24 minutes ago, omnipresent said:

The breakdown of Pita's wealth is quite insightful. Here it is in a table:

 

Description	Proportion
14 rai of  land in Pran Buri	21%
5 life insurance policies	21%
loans to younger brother	18%
condominium	18%
10 watches	7%
van, motorcycles and 3 electric bicycles	3%
eight Buddha amulets	2%
cash	2%
28 equipment and electrical appliances	2%
Royal Bangkok Athletics Club membership	2%
65 investments	2%
16 suits	1%
2 cameras	1%
Bank accounts	0.3%
copyright for 4 books	0.3%
76 neckties	0.3%
28 shirts	0.2%
three mobile phones	0.2%
21 pairs of shoes	0.2%
furniture	0.1%

 

39% of his wealth is in real estate (land and condo), which makes sense for growing wealth in the long-term and possibly earning rental income.

 

The loans to his brother is a big proportion of his wealth; I guess he trusts his brother greatly. I wonder what the terms are, e.g. interest rate.

 

The tiny amount (0.3%) in 27 bank accounts is strange, but maybe he parks his money in life insurance policies that give payback with interest instead.

 

The 65 investments is a bit strange... it seems like extreme diversification for such a small proportion of his wealth (whereas the real estate is concentrated in only 1 land plot and 1 residence).

 

What do you guys think of his wealth portfolio?

 

How man shorts and trousers? No mention.

[giddyup]

On 7/6/2023 at 5:58 AM, hotchilli said:

Maybe Pita's are made  by Citizen, Seiko etc.. rather than the more luxurious brands that Prawit borrowed.

I have more than ten watches, total value around 40,000 baht. Hardly a fortune.

[omnipresent]

2 hours ago, omnipresent said:

The tiny amount (0.3%) in 27 bank accounts is strange, but maybe he parks his money in life insurance policies that give payback with interest instead.

I'm wondering about the 18M THB in life insurance, whilst only keeping 286k THB in bank accounts. Are there life insurance policies that give better returns than bank accounts (e.g. 1.5% per year)?

Edited July 9, 2023 by omnipresent