wealth
- Thailand News
From heiress to hero: Thai FA Madam Pang’s journey
Madam Pang, a fifth-generation heiress from Thailand’s billionaire Lamsam family, has transformed Thai football with her passion, leadership, and jaw-dropping generosity. Born Nualphan Lamsam, the 58 year old business mogul comes from one of Thailand’s wealthiest families, with an estimated net worth of US$890 million (approximately 30.82 billion baht). As CEO of Mueang Thai Insurance and a pioneer in introducing…
- Thailand News
From seed to fortune: The Chearavanont family’s billion-dollar rise
What started as a humble seed shop in Bangkok has blossomed into one of the world’s wealthiest empires. The Chearavanont family, with a staggering net worth of US$44.1 billion (approximately 1.5 trillion baht), ranks 19th on Bloomberg’s list of the 25 richest families globally. Here’s how they did it. A century ago, brothers Chia Ek Chor and Chia Siew Whooy…
- Thai Life
The income of the top 1% in Thailand
While many Westerners associate Asian wealth primarily with countries like Singapore and Japan, Thailand has its own population of Hi-So “ultra-wealthy individuals”. The country’s wealth distribution reveals that while not considered a rich nation overall, Thailand has a notable number of individuals in the top 1% income bracket. Reaching the top 1% of income in European countries typically requires a…
- Thai Life
Is Thailand considered a rich or poor country?
When you think of Thailand, it can be tricky to define whether it’s a rich or poor country. On one hand, it boasts skyscrapers, luxurious malls, and a booming tourism industry. On the other hand, you might also encounter rural areas where people live more modestly. So, is Thailand rich or poor? Well, the answer depends on how you look…
- Thailand News
Corrupt former DSI chief’s 44.6 million baht assets seized
An alleged corrupt former Department of Special Investigation (DSI) chief experienced a significant blow as the Criminal Court for Corruption and Misconduct Cases sanctioned the confiscation of his assets worth 44.6 million baht. This development, announced yesterday by the National Anti-Corruption Commission (NACC), marks a significant step in the ongoing investigation into Tarit Pengdit’s unaccounted wealth. NACC Secretary General Niwatchai Kasemmongkol…
- Thailand News
Leicester City chairman scores big wedding day goal
Thai billionaire and Leicester City Football Club chairman Aiyawatt Srivaddhanaprabha tied the knot with his long-time partner, Nuntisa Tanyongvetch. The Voyage of Love themed ceremony, held on January 28, transformed into a fairytale wonderland adorned with opulent fresh flowers, leaving no expense spared. Aiyawatt, flaunting a fortune of US$3.5 billion (approximately 123 billion baht) as per Forbes 2023 rankings, secured his…
- Thailand News
Globalisation twist: Economic growth sizzles but income inequality and carbon clashes cloud horizon
The evolution of globalisation, while contributing to worldwide economic growth, has also introduced new economic challenges including increased income inequality and market failures due to carbon emissions. This was the view expressed by Eric S Maskin, Adams University Professor at Harvard’s Department of Economics. Maskin, a 2007 Nobel Laureate in Economics for his work in mechanism design theory, shed light…
- Thailand News
Thai PM’s billion-baht lifestyle unveiled
Thailand Prime Minister Srettha Thavisin opens up about his staggering wealth, leaving the public astonished at the opulence hidden behind the political curtain. Once a high-flying business magnate, 61 year old Srettha acknowledged his affluence. The PM attributed his riches to years of relentless work and astute investments. “I can’t deny that I am wealthy.” The National Anti-Corruption Commission (NACC) disclosed…
- Thailand News
December horoscope: Astrologer reveals fortune in Thai baht
As the year-end approaches, astrologer Thosporn cautions zodiac signs to stay vigilant during the final month of this year. The warning comes as he unveils the horoscope for December, highlighting the signs that will enjoy good fortune, those set to receive a significant monetary windfall, and those expected to experience luck in their relationships. However, some signs may face deception.…
- World News
Lady’s rock-solid gamble rocks the art world: 14.8 million baht red stone reveals jaw-dropping hidden value
A woman’s monumental investment in a peculiar red stone has shocked experts, yielding a return considerably higher than anticipated. The stone, originally purchased for around 14.8 million baht, was revealed to be a highly valuable artefact. In recent years, China has seen a surge in the buying and selling of antiques, items that are not only rare but also incredibly…
- Thailand News
Seaman stains: Luxury yacht stewardess spills the beans, from glass table poops to canine cuddles at sea
A 39 year old yacht stewardess, Giselle Azueta provides an inside look into the peculiar demands of wealthy customers aboard luxury yachts, from pooping on a glass table to stroking a dog’s ears. The job, while financially rewarding and travel-inclusive, has its fair share of unusual scenarios. Azueta often shares her work stories on TikTok, revealing the challenging nature of…
- Thailand News
Phuket town resident scoops 24 million baht in government lottery
Luck has smiled warmly on a 48 year old Phuket Town resident who recently became an instant millionaire. On Wednesday, November 1, Duangjai Inrod won a staggering 24 million baht in the Government Lottery. The Talad Neua Subdistrict resident didn’t spare a moment in stepping forward to claim her substantial winnings. With her winning lottery e-tickets in hand, she arrived…
- China News
Collector shocked to discover his favourite teapot is an antique spittoon worth over 2.5 million baht
The popular Chinese television show Antique Appraisal, produced by China Central Television (CCTV), is helping to increase awareness about intriguing antiques. Recently, the show saw a surprising event when a collector, Liu, appeared with what he believed was a valuable antique teapot. Liu, like many of his contemporaries, enjoyed drinking tea and playing chess in his leisure time, leading to a…
- China News
Chinese antiques show reveals husband’s 300,000 baht Tang Dynasty painting
China’s vibrant 5,000 year old culture is teeming with historical artefacts, ranging from blue porcelain and famous paintings to the invention of scripts. However, as time has passed, many of these items have been lost, making preservation increasingly difficult. The rarity of these artefacts has given rise to a bustling trade in Chinese antiques, with some willing to pay astronomical…
- China News
Ceramic plate on TV show revealed as valuable Ming Dynasty relic
The fascination for antique collections has gained traction in modern society, leading to the growth of the antique business market. Numerous people have amassed wealth through trading these relics and ceramic plates. However, expertise is crucial to avoid deception in this field. This has led to the popularity of the show Appraisal of Treasures aired by China Central Television (CCTV).…
- World News
TikTok user uncovers valuable antiques in hidden fireplace safe in new home
A TikTok user discovered a hidden safe in her newly purchased house, a revelation that has received almost 100 million views. On her first day of moving in, the TikToker, @fireplacesafe, noticed something concealed behind the fireplace. According to the New York Post, before receiving the house keys, the woman had an intuition that there was something behind the wooden plank…
- China News
Monks with luxury backpacks ignite debate over wealth and religion
Two posh monks were spotted at an airport carrying luxury brand backpacks, causing a stir on social media. The high price of these accessories, which are out of reach for most ordinary people, but seemingly affordable for the monks, has left many in shock. The recent images shared on Weibo, a Chinese social media platform, sparked intense online debate. The two…
- Business News
Economic disparity in Thailand widens, agricultural sector hit hardest
The age-old struggle with economic disparity continues to cast a shadow on Thailand’s society as inequality widens, particularly in the agricultural sector, which sees roughly 6% to 8% of its populace remaining below the poverty line. According to a recent study by the Trade Policy and Strategy Office (TPSO), this disparity has been fuelled by multiple factors, including the move…
- Politics News
NACC warns over 100 MPs yet to submit wealth declaration
According to the National Anti-Corruption Commission (NACC), over 100 current and former MPs, including Move Forward Party (MFP) leader Pita Limjaroenrat, have not yet submitted their wealth declaration following the House dissolution in March, as mandated by law. Since the House was dissolved on March 20, approximately 70% of the 500 MPs, or 384 members, have submitted their assets and…
- World News
Charles III’s fortune: How the new British king built his wealth
Through a combination of inheritance, royal estates, and shrewd investing, King Charles III is set to be crowned on May 6 with a significant fortune to his name. His mother, Queen Elizabeth II, left him an estimated £360 million when she passed away in September of last year, boosting his overall wealth to an estimated £600 million, as reported by…
