Why is the Thai king so wealthy?

Why is Thai king rich?

The King also owns a 23% stake in one of Thailand’s leading lenders, Siam Commercial Bank, and a 33% stake in Thailand’s largest industrial conglomerate, Siam Cement Group. Taken together, the King’s shares in the two companies are worth roughly $9 billion.

Do Thai kings pay tax?

The Crown Property Bureau (CPB) (Thai: สำนักงานทรัพย์สินพระมหากษัตริย์; RTGS: samnak ngan sap sin phra maha kasat) is legally the administrative agency responsible for managing the property of the King of Thailand. It has no tax obligations.

How many wives has King of Thailand?

He has been married four times and has 20 mistresses.

Is Queen Elizabeth a billionaire?

Sandringham House and Balmoral Castle are privately owned by the Queen. Forbes magazine estimated the Queen’s net worth at around $500 million (about £325 million) in 2011, while an analysis by the Bloomberg Billionaires Index put it at $425 million (about £275 million) in 2015.

Is there a royal family in Thailand?

info)) is the current reigning dynasty of the Kingdom of Thailand, the head of the house is the king, who is head of state. The family has ruled Thailand since the founding of the Rattanakosin Era and the city of Bangkok in 1782; following the end of Taksin Thonburi’s reign, when the capital of Siam shifted to Bangkok.

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How is Thailand economy doing?

Thailand’s GDP fell by 6.1 percent in 2020, the largest contraction since the Asian financial crisis. The tourism sector, which accounts for about a fifth of GDP and 20 percent of employment, has been especially affected by the cessation of tourist travel.

Is Thailand a monarchy?