How does Thailand royal family make money?

Where does the Thai royal family get their money?

Much of this stems from land and real estate holdings. The monarchy is estimated to have about 40,000 rental contracts, while a 2015 study into the institution’s wealth found it was one of the country’s largest landholders.

How do Thai kings 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 rich is Thai royal family?

Estimates of King Maha Vajiralongkorn’s wealth start at $30bn, but that number may be much higher.

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 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.

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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.

Who will be the richest person in 2021?

Before this, Bernard Arnault led the list of the world’s wealthiest people in December 2019, January 2020, May 2021 and July 2021. Arnault holds a net worth of $198.9 billion compared to Jeff Bezos’ $194.9 billion and Tesla owner Elon Musk’s $185.5 billion, according to Forbes Real-Time Billionaires List on Friday.