king of thailand net worth

Last modified on Sun 17 Jun 2018 22.00 BST.

[20] The event occurred one day after the 80th birthday of his father.

On 1 December 2016, Vajiralongkorn accepted the formal invitation to become king. The following is a look at some of the Thai king’s most significant assets: Most of Vajiralongkorn’s wealth is held in the Crown Property Bureau, which holds title to 6,560 hectares (16,210 acres) of land in Thailand, with 40,000 rental contracts nationwide, including 17,000 in the capital. For some perspective, the second longest serving monarch while the King of Thailand was alive was Elizabeth II who had been Queen of England for 64 years. Vajiralongkorn in 2017 placed the Crown Property Bureau under his direct control and later announced the removal its tax exempt status. $30 Billion. Net worth: US$18 billion. In 1996, two years after the wedding, Mom Sujarinee (as she was now known) decamped to Britain with all her children, while Vajiralongkorn caused posters to be placed all around his palace accusing her of committing adultery with Anand Rotsamkhan, a 60-year-old air marshal. [4], He accepted the throne on the night of 1 December 2016. [citation needed] He is the only son, the second of the four children of King Bhumibol Adulyadej and Queen Sirikit. The results are fact checked and confirmed by a team of editors and industry insiders.
[76] The following month, Srirasmi relinquished her royal titles and the royal name and was officially divorced from Vajiralongkorn. Next, the King owns 23% of Siam Commercial Bank – the largest bank in Thailand. The divorce was finalized in July 1993. Queen Elizabeth Net Worth – How Much Money Does Her Royal Highness Have? Thailand will undergo a year long period of mourning for their beloved King. This stake alone is worth an estimated $13 billion. [66][67] On 1 August, Vajiralongkorn's office announced he would pay the deposit amounting to €20 million himself. King of Thailand Net Worth: According to Thailand's constitution, the King has the power to veto legislation, pardon criminals, and appoint just about anyone he wants to positions anywhere he wants. In the 10 January 2002 edition of the Far Eastern Economic Review (FEER), an article appeared suggesting that Vajiralongkorn had business ties with then-Prime Minister Thaksin Shinawatra. Property developers have stepped up investment on Crown Property real estate in recent years with the latest in April, when mall operator Central Pattana Pcl and hotelier Dusit Thani announced the $1.2 billion residential, retail and office project Dusit Central Park on a 67-year lease on 3.68 hectares. [82] On 2 September 2020, Sineenat's titles were restored with a declaration that she "is not tarnished" and "Henceforth, it will be as if she had never been stripped of her military ranks or royal decorations". Crown Prince Hospitals had been set up in 21 locations in 1977. [16] In August 1970, he attended a five-week military training course at The King's School, in Sydney, Australia.

He was the younger son of HRH Prince Mahidol Aduljadej and HRH Princess Srinagarindra. [68] One day later the Thai foreign minister Kasit Piromya confirmed that the Thai government would pay the deposit. In 2010, another issue of The Economist, also not distributed in Thailand, said that Vajiralongkorn was "widely loathed and feared" and "unpredictable to the point of eccentricity",[52] while the online journal Asia Sentinel said that he was "regarded as erratic and virtually incapable of ruling";[53] the journal was blocked shortly thereafter. Chirayu Israngkun Na Ayuthaya, who had been director general of the Crown Property Bureau since 1987, was replaced in March by Air Chief Marshal Satitpong Sukvimol, a close aide to King Vajiralongkorn. Aged 64 at that time, Vajiralongkorn became the oldest Thai monarch to ascend to the throne. His father was cremated on 26 October 2017. He also traveled regularly amongst the people of Thailand and attended ceremonies. [42], Vajiralongkorn has direct control over the royal household and palace security agencies. [9] As the tenth monarch of the Chakri dynasty, he is also styled as Rama X. He received the baccalauréat des lettres (high-school diploma with major in French literature, Latin, and Greek) from the Gymnase Classique Cantonal of Lausanne. In Bangkok alone, the Crown Property Bureau owns 1,328 hectares of land, some of it prime real estate in the heart of the business district. [4] On the night of 1 December 2016, the fiftieth day after the death of Bhumibol, Regent Prem Tinsulanonda led the heads of the country's three branches of government to an audience with Vajiralongkorn to invite him to ascend to the throne as the tenth king of the Chakri dynasty. While the Crown Property Bureau’s 17,000 Bangkok rental contracts cover everything from government agencies to shophouses, some of the most visible holdings are the land on which some of the best-known shopping malls are built. 2. He also owns stakes in an insurance company, the Shin Corporation – a conglomerate of telecommunication, media, aviation, advertising and finance companies. [35] On 19 January 2017, Privy Councillor Chanchai Likhitjitta died at the age of 71. The last time such title was given during the reign of King Prajadhipok (Rama VII) who was given the reigning title of Phrabat Somdet Phra Pok Klao Chao Yu Hua during his coronation in 1926. That puts him among the wealthiest individual rulers, although when it comes to royal families, Saudi Arabia’s tops the list with an estimated $1.7 trillion, according an MSN Money report in 2019. She was later elevated to the rank of princess, whilst Sujarinee and her sons were stripped of their diplomatic passports and royal titles. However, the Thai people often relied on King Bhumibol to intervene when their country was in strife – and by all accounts, the King may have even been involved in some of those coups and drama in order to give his largely impotent throne more power. She gave birth to a son, Prince Dipangkorn Rasmijoti, on 29 April 2005 and was then elevated to the rank of princess. [citation needed], Vajiralongkorn also competed in sailing with King Bhumibol and sister Princess Ubolratana when they were staying at Klai Kangwon Palace in Hua Hin. King Maha Vajiralongkorn formally inherits assets including the Siam Commercial Bank after death of his father, Sun 17 Jun 2018 02.04 BST It was presented to Vajiralongkorn’s late father, King Bhumibol Adulyadej, in 1996 to mark the 50th year of his reign, according to the Gem and Jewelry Information Center, an industry body in Thailand. The CPB's assets include 3,320 acres of land in Bangkok; 13,200 acres of land in the countryside; $13 billion worth of stock in Siam Cement; 23% of Thailand's largest bank, Siam Commercial Bank; and interests in multiple development firms and insurance companies as well as the Shin Corporation – a conglomerate of telecommunication, media, aviation, advertising, and finance companies.

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