Thai PM declares $400 million wealth, including London properties

Paetongtarn, the youngest daughter of former Prime Minister Thaksin Shinawatra, assumed office in August, becoming the third member of her family to lead the nation. The Shinawatras are one of Thailand’s wealthiest families, with their fortune rooted in Thaksin’s success during the technology boom of the 1980s and 1990s. 

Her husband, Pidok Sooksawas, declared assets worth 147 million baht (£3.4 million) and an income of 5.13 million baht (£117,000) last year, which included gains from cryptocurrency trading. A former commercial pilot, Sooksawas is now co-CEO of Rende Development Company as part of the Shinawatra family’s business empire spanning real estate, telecommunications, and hospitality. 

As prime minister, Paetongtarn has pledged to address economic challenges by boosting Thailand’s $500 billion economy, reducing living costs, and attracting foreign investment in areas such as electric vehicle manufacturing and data centres. 

Despite progress in poverty reduction, Thailand remains one of the most unequal countries in East Asia and the Pacific. The government has turned to increased public spending and cash handouts to stimulate growth and address these issues. 

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