As Thailand’s economy shrinks, protesters question the $40 billion value of the King. On Oct. … Thailand’s government has budgeted over $1 billion to finance the monarchy this year, despite the fact that King Maha Vajiralongkorn is one of the world’s wealthiest rulers, with an estimated $40 billion in assets.
How rich is the Thai king?
As the tenth monarch of the Chakri dynasty, he is also styled as Rama X. Aged 64 at that time, Vajiralongkorn became the oldest Thai monarch to ascend to the throne. He is the wealthiest monarch in the world, with a net worth estimated to be between US$30 billion and US$70 billion.
Does the King of Thailand have power?
Under the constitution the king is given very little power, but remains a figurehead and symbol of the Thai nation. As the head of state, however, he is given some powers and has a role to play in the workings of government. According to the constitution, the king is head of the armed forces.
Is anyone a trillionaire?
Of course, it’s Bill Gates, provided his monopolistic heart keeps beating for another 20 years or so. Of course, it’s Bill Gates, provided his monopolistic heart keeps beating for another 20 years or so. …
Why is Thai king so rich?
Compared to other centuries-long monarchies around the world, MacGregor Marshall said the Chakri dynasty’s wealth did not stem from an “ancient fortune”, instead, most of it came from assets amassed during the 20th century. Much of this stems from land and real estate holdings.
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 trillionaire in the world?
Social Capital’s founder says the world’s first trillionaire will be either Musk or ‘someone like him. ‘ Tesla’s share price rose to more than $880 in January, making Elon Musk the world’s richest person. With a net worth of $195 billion, he now beats out Jeff Bezos by about $10 billion.