Question: Why is the Thai royal family so rich?

Is the Thai royal family rich?

Maha Vajiralongkorn, King of Thailand

King Vajiralongkorn, or Rama X, ascended to the throne shortly after the death of his father, King Bhumibol Adulyadej, in 2016, as the tenth monarch of the Chakri dynasty. His assets are currently valued at up to US$43 billion as of January 2021.

How does the Thai royal family make money?

Until 2018, the wealth of Thailand’s monarchy was managed by the Crown Property Bureau (CPB)—a quasi-governmental agency managed by a board majority appointed by the king. Revenue generated by the CPB’s investments is exempt from taxation and is supposed to serve the royal institution—the Crown—rather than the king.

How did Vajiralongkorn get so rich?

One of King Maha Vajiralongkorn’s first major acts was to transfer all the holdings in the vast company, known as the Crown Property Bureau, to his personal ownership, giving him control of more wealth than the reported riches of the Saudi king, the sultan of Brunei and the British royal family combined.

Who is a trillionaire?

A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world’s richest individuals may only be a few years away from this milestone.

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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.

Who is the richest royal family in the world?

King Maha is the richest royal figure in the world and he is closely followed by the Sultan of Brunei Hassanal Bolkiah and the king of Saudi Arabia Salman bin Abdulaziz Al Saud.

Who will be the richest person in 2021?

Bezos, the longtime Amazon CEO and now executive chairman, has been the world’s richest for most of 2021. Bezos began the year in first place and, after briefly dropping to No. 2, he regained the No. 1 spot for about four months from mid-January until May.