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

Paetongtarn Shinawatra declares 11 billion baht worth of investments.

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

Published on:

03 Jan 2025, 16:20

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.

75 luxury watches