(Bloomberg) — Thai Prime Minister Pethunthaan Shinawatra has declared assets worth $400 million, including two London properties, investments in several companies, and a collection of luxury watches and handbags.
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The 38-year-old scion of the wealthy Shinawatra family also listed 1.09 billion baht ($31.6 million) in cash and deposits in more than 20 bank accounts, out of assets worth 13.85 billion baht. . She disclosed her wealth to the National Anti-Corruption Commission as part of requirements for Thai public office holders, and the commission released the records on Friday.
Petonthan, the youngest daughter of billionaire politician Thaksin Shinawatra, became the third member of the Shinawatra family to lead Thailand in August after her predecessor Sureta Thabisin was ousted by the Constitutional Court in an ethics violation case. became a member of. The Shinawatra family is one of the country’s wealthiest, with Thaksin making his fortune by founding companies that provided mobile phone services, data networks and satellites during the technology boom of the 1980s and 1990s.
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The Prime Minister had previously transferred a 24% stake in his family-owned property development company SC Asset Corp Pcl to a fund manager in November. According to the documents, Petonthan has invested about 11 billion baht in companies and reported income of more than 265 million baht last year. Her other assets include 217 handbags, 108 rings, 205 pairs of earrings, and nine designer art toys called Bearbricks.
The London property also includes an apartment on Montpelier Street, which has a 992-year lease, the filing shows. She also owns nine properties and 12 plots of land across Thailand. She also co-owns a plot of land in Hokkaido, Japan with her husband.
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Petontarun’s spouse, former commercial pilot Piduk Suksawas, reported assets worth 147 million baht and income of 5.13 million baht last year, including profits from cryptocurrency trading. He is co-chief executive officer of Rende Development Co., part of the Shinawatra family’s business empire spanning real estate, hospitality and telecommunications.
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