Excellent article on Thai royal wealth by
@JohnReedwrites. King Vajiralongkorn’s profligate spending has become a major issue, and shows the royalists lied for years that the assets didn’t belong to the monarch. They do. 1/2
ft.com
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The figure of $40+ billion is likely to be a significant underestimate. Porphant Ouyyanont estimated it at $44 billion in 2014 and land values have surged since then, even taking into account the impact of the pandemic. Actual figure likely to be above $60 billion. 2/2
More awkwardness. These kathin ceremonies are supposed to be Buddhist rituals that show the virtue of the participants. King Vajiralongkorn has turned them into a lakorn with conflict between his latest wife and latest mistress. What a mess.
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