Good fortune: PM Paetongtarn’s assets exceed 13 billion baht

[snoop1130]

Photo courtesy of KhaoSod

 

By Puntid Tantivangphaisal

 

The National Anti-Corruption Commission (NACC) has disclosed a detailed account of the assets and liabilities of Thailand’s Prime Minister Paetongtarn Shinawatra, marking her ascension into office.

 

The report reveals that the 38 year old PM holds assets worth over 13 billion baht, alongside liabilities amounting to more than 4 billion baht. The asset declaration includes a wide array of personal and family belongings, such as an impressive collection of 217 handbags, 23 vehicles, and nine Bearbrick collectables. Additionally, she owns substantial quantities of gold, jewellery, and clothing. The asset report also lists three plots of land in Pathum Thani and two in Hokkaido, Japan, alongside two rental homes in London.

 

Paetongtarn, who lives with husband Pitak Suksawat, has declared an individual asset value of approximately 13.8 billion baht, with her partner possessing over 147 million baht and their minor child holding 500,000 baht. The liabilities total over 4.4 billion baht, predominantly attributed to Paetongtarn’s personal debts, including an overdraft account of over 5 million baht and various other obligations. Pitak has a smaller share of liabilities, amounting to just over 1 million baht.

 

Her annual income has been reported as over 265 million baht, comprising salaries, wages, and bonuses totalling about 3.4 million baht, dividends of approximately 259 million baht, interest earnings of two million baht, and rental income of 890,000 baht. In contrast, her annual expenses stand at over 57 million baht, with personal expenses accounting for the majority at 45 million baht, insurance premiums at 1.2 million baht, household expenses at 7 million baht, educational fees for her child at 1 million baht, and travel costs at 2 million baht.

 

The asset breakdown for Paetongtarn includes cash holdings of over 7 million baht in various currencies, including Thai baht, Japanese yen, US dollars, Singapore dollars, euros, and British sterling. Her deposits spread across 29 accounts amount to over one billion baht. Her investments span 32 companies and funds, while her loans extended to include an agreement with her brother, Panthongtae Shinawatra, dated September 8, 2016, for over 15 million baht.

 

 

Paetongtarn owns 12 plots of land, with notable holdings in Khlong Sam, Khlong Luang district, Pathum Thani, totalling nine ngan and 180 square wahs, valued at nearly 10 million baht. She also owns land in Hokkaido, Japan, purchased on December 15, 2019, valued at 30 million baht, jointly held with her spouse. Her real estate includes nine buildings, with five apartments in Bangkok and two double-storey houses in Nonthaburi and Khan Na Yao, Bangkok. Additionally, she owns a four-storey commercial building in Cha-Am, Phetchaburi.

 

Luxury cars and gold

 

The vehicle fleet comprises 23 cars, including a Bentley Flying Spur Hybrid valued at over 10 million baht, a Rolls-Royce Phantom worth 6.7 million baht, and a Tesla Model X Long Range priced at 3.19 million baht. Noteworthy leases include two flats in London, valued at over 111 million baht and 208 million baht, respectively, and a home construction contract valued at over 38 million baht.

 

Other notable assets include 75 gold bars valued at three million baht, 75 watches amounting to 162 million baht, nine Bearbrick collectables worth 1.9 million baht, 217 handbags valued at over 76 million baht, 108 rings worth over 31 million baht, 69 bracelets valued at over 28 million baht, 67 necklaces worth over 35 million baht, 205 pairs of earrings valued at over 49 million baht, and 167 outfits worth over 26 million baht.

 

The liabilities section reveals that Paetongtarn has secured loans from her sister, Pintongtha Kunakornwong, totalling over 2.3 billion baht, her brother, Panthongtae, amounting to over 335 million baht, and from her mother, Potjaman Damapong, totalling over 136 million baht, all contracted on September 8, 2016. Additionally, loans from her uncle, Bannapot Damapong, in 2023 amounted to over 1.3 billion baht, reported KhaoSod.

 

Source: The Thaiger

-- 2025-01-03

 

[JoePai]

Well fancy that   🤣

[BarBoy]

11 minutes ago, snoop1130 said:

The report reveals that the 38 year old PM holds assets worth over 13 billion baht

...she's come along way from flipping burgers!

 

must be a real hard worker.

 

Oh, hang on a minute......................

[Tropicalevo]

And the point of all of this is......?

What?

All senior politicians are rich. Some more than others.

Poor people do not get elected, or if they do, the rich ones find a way to get them de-listed.

[Puccini]

I had to look up what Bearbicks are.

 

https://blog.fromjapan.co.jp/en/hobby/2022-guide-to-bearbrick-the-origins-how-to-buy-where-to-buy-and-much-more.html#:~:text=Bearbrick Sizing,standing at 7 centimeters tall.

[Puccini]

23 minutes ago, Tropicalevo said:

And the point of all of this is......?What?...

 

The point is that as the new Prime Minister she was obliged by law to declare her assets within a specific period. She asked for an extension of the deadline, which was granted, and now we have the results. That's all there is to it.

[OneMoreFarang]

I wonder how many Thais think about where all that money comes from.

[soi3eddie]

Quite disgusting reading. What would be good to know, is how all these assets were acquired and how much she pays, or has paid in tax to the country?

 

[KannikaP]

59 minutes ago, JoePai said:

Well fancy that   🤣

Well she'll never have to work again! 555

[Patong2021]

25 minutes ago, soi3eddie said:

Quite disgusting reading. What would be good to know, is how all these assets were acquired and how much she pays, or has paid in tax to the country?

 

 

What is disgusting? She has approx 250 million Euros / 262 million USD. Yes, she has some money, but it is relatively insignificant when compared to the wealthy of Asia.

 

In comparison, the Chearavanont brothers are worth 35 billion USD. She doesn't crack the top 100 of Thai wealthy so big whoop. Of course she has paid tax in Thailand.   The NAC has been going over her assets looking for anything. She is the largest shareholder of SC Asset and the company value has grown over the last decade.   https://www.scasset.com/th/

 

She has made her required  declarations and that is all she need answer. Her assets were aquired long before she became PM. You can let go of your pearls now.

 

[Patong2021]

28 minutes ago, KannikaP said:

Well she'll never have to work again! 555

 

Why? Warren Buffet keeps working. So does Trump, ortega, Arnaud, Gates, Mateschitz and many others. One of the reasons people are wealthy is that they keep working.

[redwood1]

18 minutes ago, Patong2021 said:

 

What is disgusting? She has approx 250 million Euros / 262 million USD. Yes, she has some money, but it is relatively insignificant when compared to the wealthy of Asia.

 

In comparison, the Chearavanont brothers are worth 35 billion USD. She doesn't crack the top 100 of Thai wealthy so big whoop. Of course she has paid tax in Thailand.   The NAC has been going over her assets looking for anything. She is the largest shareholder of SC Asset and the company value has grown over the last decade.   https://www.scasset.com/th/

 

She has made her required  declarations and that is all she need answer. Her assets were aquired long before she became PM. You can let go of your pearls now.

 

 

Does Boot licker ring a bell?......Hey the whole Shinawatra clan are some of the biggest tax dodgers in Thailand......Tony never paid a single baht on his stock sale....I would be surprised if any of them have ever paid any taxes on their ill gotten billions... 

[Patong2021]

1 minute ago, redwood1 said:

 

Does Boot licker ring a bell?......Hey the whole Shinawatra clan are some of the biggest tax dodgers in Thailand......Tony never paid a single baht on his stock sale....I would be surprised if any of them have ever paid any taxes on their ill gotten billions... 

 

If you have evidence to support your allegations please bring them to the Anti Corruption group. The PM has a bulls eye on her back and the  militarists have been trying to get her for some time. They have come up with nothing. Just like you.

[Denim]

3 minutes ago, redwood1 said:

 

Does Boot licker ring a bell?......Hey the whole Shinawatra clan are some of the biggest tax dodgers in Thailand......Tony never paid a single baht on his stock sale....I would be surprised if any of them have ever paid any taxes on their ill gotten billions... 

 

No rich people in Thailand pay much tax. If there is one thing they all have in common it is tax evasion.

 

Not like us foreigners . When it was announced that after 180 days in country money sent to us from overseas

would be taxed we were perfectly  OK with it.

[JensenZ]

1 hour ago, Patong2021 said:

 

Why? Warren Buffet keeps working. So does Trump, ortega, Arnaud, Gates, Mateschitz and many others. One of the reasons people are wealthy is that they keep working.

Not to mention a fairly young Musk currently worth over US 400 billion, nearly double the next richest. Once billionaires get on the list of wealthiest, it is a new competition.

[proton]

Where is that 10k baht for every Thai over 16?

[BangkokReady]

3 hours ago, snoop1130 said:

The asset report also lists three plots of land in Pathum Thani and two in Hokkaido, Japan, alongside two rental homes in London.

 

She'll no doubt be championing changes to the laws around foreigners owning land in Thailand...  

[connda]

3 hours ago, snoop1130 said:

The asset declaration includes a wide array of personal and family belongings, such as an impressive collection of 217 handbags, 23 vehicles, and nine Bearbrick collectables. Additionally, she owns substantial quantities of gold, jewellery, and clothing. The asset report also lists three plots of land in Pathum Thani and two in Hokkaido, Japan, alongside two rental homes in London.

I bet her 💩 smells like 🌹🌹🌹

[ikke1959]

but there is no money for raising the daily wages, there is no need to update the outdated Thai laws, as they can own land and houses in other countries, and they can bring very expensive things from abroad without paying any import tax... They should be ashamed that these superrich people keep the population so poor... If there is karma they will pay for it

[Mark989]

The forest was shrinking, but the trees kept voting for the axe; for the axe was clever and convinced the trees that because his handle was made of wood, he was one of them.

[Artisi]

10 hours ago, OneMoreFarang said:

I wonder how many Thais think about where all that money comes from.

It's definitely from hard work, what other way could she have accumulated so much in so little time. 

[watchcat]

10 hours ago, KannikaP said:

Well she'll never have to work again!

 

Has she ever?

[Hawaiian]

28 minutes ago, Mark989 said:

The forest was shrinking, but the trees kept voting for the axe; for the axe was clever and convinced the trees that because his handle was made of wood, he was one of them.

Good one.

[Bannoi]

Which begs the question, Why do Billionaire's want to become Presidents or Prime Ministers?

Personally I have my own views on that and is Musk setting himself up to become President Musk after Trump.

[Sig]

2 minutes ago, Bannoi said:

Which begs the question, Why do Billionaire's want to become Presidents or Prime Ministers?

Personally I have my own views on that and is Musk setting himself up to become President Musk after Trump.

He can't, unless Congress changes the Constitution....

[Hunz Kittisak]

Why begrudge her for her wealth? 
She’s born with silver spoon and worked in the family’s business. 
Rather scrutinise those wealthy generals and how they accumulated huge fortunes on a soldier’s paycheck

[jonclark]

11 hours ago, Patong2021 said:

 

Why? Warren Buffet keeps working. So does Trump, ortega, Arnaud, Gates, Mateschitz and many others. One of the reasons people are wealthy is that they keep working.

Well it would be nice if she started working as PM then cause for the past 6 months daddy has clearly been making all decisions and setting the vision and direction of the government.

 

 

[jonclark]

11 hours ago, Patong2021 said:

 

If you have evidence to support your allegations please bring them to the Anti Corruption group. The PM has a bulls eye on her back and the  militarists have been trying to get her for some time. They have come up with nothing. Just like you.

Nope she has a bulls eye on her back because she is unpopular, unwanted and stabbed MFP /PP in the back by withdrawing from the MoU after PT lost there crown as the most popular party in Thailand. 

[mdr224]

The most transparently corrupt country ive ever seen. Why thai people dont try to kill their politicians like Americans do is beyond me

[hotchilli]

13 hours ago, snoop1130 said:

The report reveals that the 38 year old PM holds assets worth over 13 billion baht,

Daddy has been of benefit.