Luxury items and international investments add to her extensive portfolio
Thai Prime Minister Paetongtarn Shinawatra has declared personal assets worth $400 million, offering a glimpse into the wealth of one of Thailand’s most prominent political families. The disclosure, required of public officeholders, includes two London properties, substantial investments, and a vast collection of luxury items.
Paetongtarn listed 13.85 billion baht (£316 million) in total assets, including 1.09 billion baht (£24.9 million) in cash and deposits across more than two dozen bank accounts. Among her holdings are nine properties and multiple plots of land in Thailand, as well as an apartment on Montpelier Street in London with a 992-year lease. She also co-owns land in Hokkaido, Japan, with her husband.
Her wealth declaration, made public by the National Anti-Corruption Commission, also highlights 11 billion baht (£250 million) in investments and an extensive array of personal possessions, including 217 handbags, 108 rings, and nine Bearbrick designer art toys.
Paetongtarn, the youngest daughter of former Prime Minister Thaksin Shinawatra, assumed office in August, becoming the third member of her family to lead the nation. The Shinawatras are one of Thailand’s wealthiest families, with their fortune rooted in Thaksin’s success during the technology boom of the 1980s and 1990s.
Her husband, Pidok Sooksawas, declared assets worth 147 million baht (£3.4 million) and an income of 5.13 million baht (£117,000) last year, which included gains from cryptocurrency trading. A former commercial pilot, Sooksawas is now co-CEO of Rende Development Company as part of the Shinawatra family’s business empire spanning real estate, telecommunications, and hospitality.
As prime minister, Paetongtarn has pledged to address economic challenges by boosting Thailand’s $500 billion economy, reducing living costs, and attracting foreign investment in areas such as electric vehicle manufacturing and data centres.
Despite progress in poverty reduction, Thailand remains one of the most unequal countries in East Asia and the Pacific. The government has turned to increased public spending and cash handouts to stimulate growth and address these issues.
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