A peek into new PM’s 8.4 billion baht business ventures
Like her father, Paetongtarn held a very diverse portfolio of investments, which she will now have to give up as the new prime minister
Businesswoman Paetongtarn Shinawatra, leader of the Pheu Thai Party, was elected as Thailand’s 31st prime minister in a parliamentary voting on Friday. At 37, she became the country’s youngest prime minister and second woman premier after her aunt Yingluck Shinawatra, who served from 2011 to 2014.
The youngest daughter of billionaire business tycoon and former PM Thaksin Shinawatra (2001-2006), Paetongtarn has mirrored her father’s career path by investing in a diverse range of businesses before entering politics.
According to data from the analytic platform Creden Data (https://data.creden.co/), Paetongtarn has invested in 15 companies with a combined value of over 8.4 billion baht.
Her investments are categorised as follows:
1. Real estate and property development (total investment 7.47 billion baht)
- SC Asset Corporation: 2.89 billion
- Rende Development: 922 million
- PT Corporation: 914 million
- BBD Development: 911 million
- OAI Management: 800 million
- SCK Estate: 549 million
- SC Office Plaza: 418 million
- SC Office Park: 70 million
2. Hotel and tourism (total investment 299 million baht)
- Thames Valley Khao Yai Hotel: 201 million
- OAI Consultant and Management: 98 million
3. Golf course and recreation
- Alpine Golf and Sport Club: 152 million baht
4. Medicine and healthcare
- Praram 9 Hospital: 86.5 million baht
5. Investment and finance
- Innovation Capital: 204 million baht
6. Services and others (total investment 191 million baht)
- Alpine Garden Design: 36 million
- Pramaisuree Property: 155 million
Under Article 187 of the Constitution, a minister is prohibited from being a partner or shareholder of a company and must transfer all her shares to blind trust operators and notify the National Anti-Corruption Commission within 30 days of her appointment.
She must also forgo all involvement in the administration of shares or the affairs of these companies while in office.
This stipulation also applies to a minister’s spouse and children who are still minors.
