NACC discloses PM Paetongtarn’s 14-billion-baht fortune
Prime Minister Paetongtarn Shinawatra has assets worth nearly 14 billion baht, the National Anti-Corruption Commission (NACC) disclosed on Friday.
The NACC confirmed that Paetongtarn had submitted her statement of assets upon assuming the role of prime minister on September 6, 2024. According to the commission, her total assets amount to 13.84 billion baht, while her liabilities stand at 4.4 billion baht. The breakdown includes:
- Cash: 7.27 million baht
- Deposits: 1.08 billion baht
- Investment funds: 11 billion baht
- Land: 724.92 million baht
- Residences and buildings: 168.61 million baht
- Vehicles: 66.77 million baht
- Rights and concessions: 358.78 million baht
- Other assets (like apparel, accessories and collectibles): 415.63 million baht
Over 99% of Paetongtarn's debt owed to relatives
The NACC declaration reveals that nearly all of Paetongtarn Shinawatra’s debt is owed to five people, all of whom are relatives of the premier.
Out of her total liability of 4.441 billion baht, she owes 2.3 billion baht — more than half — to her older sister, Pintongtha Kunakornwong, taken as four separate loans.
Paetongtarn owes 335.42 million baht to her older brother, Panthongtae, and 136.51 million baht to her mother, Potjaman Damapong.
The debts to her siblings and mother were officially registered on September 8, 2016, according to the NACC documents.
The other family creditors are Potjaman’s older brother, Bhanapot Damapong, who is owed 1.31 billion baht, and Bhanapot’s wife, Busaba Damapong, who is owed 258.4 million baht.
In total, 99.85% of Paetongtarn's debt is to her relatives, and just 6.6 million baht to others.
Meanwhile, Paetongtarn told the press that she had just learned about the NACC releasing her asset details, adding that she had never previously declared her assets. When asked if she was the richest Thai prime minister in history, she just smiled and returned to her office in Government House
Her comments followed a visit with her husband, Pitaka Suksawat, to Wat Ratchabophit, where they made merit and received blessings from the Supreme Patriarch Somdet Phra Ariyavongsagatayana.
She said the supreme patriarch blessed her with good health and asked her to ensure there was peace in the country.
