Thai Prime Minister declares $400 mln in assets including 217 luxury handbags

Thailand’s Prime Minister Paetongtarn Shinawatra has declared her personal assets worth more than $400 million, including 217 luxury handbags and 75 luxury watches.

According to the National Anti-Corruption Commission (NACC), Paetongtarn was obliged to declare all assets and liabilities upon assuming the role of prime minister in September last year.

Of this, her investments were worth THB11 billion ($319.1 million) and she had an additional THB1 billion in deposits and cash, her declaration said.

Her assets also included 217 luxury handbags worth THB76 million and 75 luxury watches worth THB162 million as well as property in the UK and Japan, among other holdings. She also declared liabilities of nearly THB5 billion, according to the NACC document posted by local media.

Paetongtarn is Thailand's youngest female Prime Minister and the second female PM in the history of the Land of the Golden Pagodas. She is the fourth member of her family to hold this position in the past two decades.

She is the daughter of former Prime Minister Thaksin Shinawatra, who has great influence in Thai politics and is still considered a key factor supporting the Pheu Thai Party.