Thai PM declares watches, bags among $400-M assets

Paetongtarn Shinawatra declares 11 billion baht worth of investments.

DT·4 January 2025, 12:20 am·1 min read

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Thai PM declares watches, bags among $400-M assets — Thailand's new Prime Minister Paetongtarn Shinawatra (C), known by her nickname "Ung Ing" and daughter of former prime minister Thaksin Shinawatra, addresses the media after a special cabinet meeting at Government House in Bangkok on September 7, 2024. - Paetongtarn Shinawatra, the heiress of Thailand's most famous political dynasty, was sworn in as prime minister on September 6, capping a month of turmoil in which her predecessor was thrown out of office and the main opposition party dissolved.
MANAN VATSYAYANA / AFP

BANGKOK, Thailand (AFP) — Thailand’s Prime Minister Paetongtarn Shinawatra declared more than $400 million in assets on Friday, her party said, including more than 200 designer handbags worth over $2 million and at least 75 luxury watches, valued at almost $5 million.

The youngest daughter of telecom billionaire and ex-prime minister Thaksin Shinawatra, Paetongtarn took office in September as the fourth member of the clan to lead a Thai government in 20 years.

She was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC).

She identified 13.8 billion baht ($400 million) in assets, a document posted on media websites showed.

Her investments were worth 11 billion baht and she had another billion baht in deposits and cash, her declaration said.