Thai PM’s handbags worth over $2 million

Thailand’s Prime Minister have more than 200 designer handbags worth over $2 million and at least 75 luxury watches valued at almost $5 million.

Thai Prime Minister Paetongtarn Shinawatra declared this on Friday. Paetongtarn was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC).

Paetongtarn, the youngest daughter of telecom billionaire and ex-prime minister Thaksin Shinawatra, took office in September as the fourth member of the clan to lead a Thai government in 20 years.

She identified 13.8 billion baht ($400 million) in assets, a document posted on media websites showed.
Her investments were worth 11 billion baht and she had another billion baht in deposits and cash, her declaration said.

Her other assets included 75 watches valued at 162 million baht and 39 more timepieces, plus 217 handbags worth 76 million baht, as well as property in London and Japan, among other holdings.

She also declared liabilities of nearly five billion baht, according to the NACC document posted by local media, giving her a net worth of 8.9 billion baht ($258 million).