Bangkok:

Thai Prime Minister Patongtern Shinawatra on Friday declared assets worth more than $400 million, his party said, including 200 designer handbags worth more than $2 million and at least 75 luxury watches. , worth about $5 million.

The youngest daughter of telecoms billionaire and former prime minister Thaksin Shinawatra, Petongtern took office in September as the fourth member of the clan to lead the Thai government in 20 years.

She was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC).

It identified assets worth 13.8 billion baht ($400 million), a document posted on media websites showed.

Its declaration stated that its investments were 11 billion baht and it had another billion baht in reserves and cash.

Her other assets include 75 watches worth 162 million baht and 39 other timepieces, 217 handbags worth 76 million baht, as well as property in London and Japan.

It also declared liabilities of nearly five billion baht, bringing its net worth to 8.9 billion baht ($258 million), according to an NACC document posted by local media.

A representative of the Pheu Thai party confirmed to AFP that the figures reported by local media were correct.

The prime minister’s father and predecessor Thaksin — who once owned Manchester City Football Club — has a net worth of $2.1 billion, according to Forbes, making him Thailand’s 10th richest person.

Thaksin used the wealth generated from his Shin Corporation telecommunications empire to enter politics, and his family remained influential during the years in exile after his ouster in a coup.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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