Thai prime minister declares £324m in assets including 217 designer handbags
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Paetongtarn Shinawatra made required wealth declaration to national anti-corruption commission. Thailand’s prime minister, Paetongtarn Shinawatra, has declared £324m in assets including a collection of 217 designer handbags and 75 luxury watches in submissions on her wealth to a government body.
![[The ousted Thai prime minister, Thaksin Shinawatra, shows a Manchester City jersey during an interview in Hong Kong in 2007.]](https://i.guim.co.uk/img/media/e0e29d30135cb4f0128379752fd80aa433e7ad10/0_53_1808_1557/master/1808.jpg?width=445&dpr=1&s=none&crop=none)
Paetongtarn, daughter of the billionaire ex-prime minister Thaksin Shinawatra, took office in September, the fourth member of the powerful family to lead Thailand. Details of her wealth were revealed in declarations made to the National Anti-Corruption Commission (NACC), which is a requirement for those who hold public office and implies no suggestion of wrongdoing.
According to an NACC document published in local media, Paetongtarn declared investments worth more than £250m, and another £23m in deposits and cash. The declaration, which listed land in Japan and properties in London, also included 75 watches worth £3.8m, 217 handbags worth £1.8m, 23 vehicles worth £1.6m, 205 sets of earrings worth £1.2m and 67 necklaces worth £800,000.
She also declared liabilities of nearly £117m, giving her a net worth of £208m. The extent of Paetongtarn’s wealth is unlikely to surprise most Thai voters. Her father, who made his fortunes in telecommunications and once owned Manchester City football club, has a net worth of £1.7bn, according to Forbes, making him the 10th richest person in Thailand.
