As one of the most talked-about figures, Maha Vajiralongkorn has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What is Vajiralongkorn's Net Worth?
After finishing his academic studies, Vajiralongkorn became a career officer in the Royal Thai Army. He trained as a military pilot and became qualified to fly multiple kinds of aircraft, including the Northrop F-5 and the Boeing 737-400.
Vajiralongkorn was born on July 28, 1952 in the Dusit Palace in Bangkok, Thailand as the only son ofKing Bhumibol Adulyadejand Queen Sirikit. He began his education at the Chitralada School in Dusit Palace in 1956, and was subsequently sent to independent schools in the United Kingdom. In 1970, he completed his secondary education at Millfield School in Somerset, England. Vajiralongkorn went on to attend the Royal Military College, Duntroon in Canberra, Australia, from which he graduated in 1976 as a corporal. He later returned to Thailand to earn a law degree from Sukhothai Thammathirat Open University.
Best of all, the reigning monarch does not have to pay a dime in taxes to the state.
PORNCHAI KITTIWONGSAKUL/AFP/Getty Images
In terms of his non real estate investments, the King owns a 32% stake in Siam Cement. This stake alone is worth an estimated $13 billion. He also owns 23% of Siam Commercial Bank (the largest bank in Thailand) as well as stakes in an insurance company, the Shin Corporation – a conglomerate of telecommunication, media, aviation, advertising and finance companies.
The King of Thailand's wealth is essentially an inherited real estate and investment portfolio. Vajiralongkorn became the owner and beneficiary of the assets upon his ascension to the throne. He controls the real estate assets through an entity called the Crown Property Bureau. The Crown Property Bureau owns 3,300 acres of real estate in central Bangkok and as 13,200 acres of country land and property. In total the CPB owns an estimated 128 million acres of land worldwide which makes the King one of the10 largest land owners on the planet. The Bureau also serves as the landlord to roughly 36,000 rental properties around Thailand.
Vajiralongkorn is the King of Thailand, a position he has held since the death of his father,King Bhumibol, in October 2016. The tenth monarch of the Chakri dynasty, he is also the oldest Thai monarch to take the throne, at the age of 64.Vajiralongkorn is the richest monarch on the planetwith a net worth that estimated to be a minimum of $30 billion and perhaps as much as $70 billion.
In summary, the total wealth of Maha Vajiralongkorn reflects strategic moves.
Disclaimer: All net worth figures are estimates based on public data.
