Thaksin Shinawatra Net Worth is$1.7 Billion
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Thaksin Shinawatra net worth: Thaksin Shinawatra is a Thai business tycoon turned politician who has a net worth of $1.7 billion. Thaksin Shinawatra first started making his fortune after founding Advanced Info Service, Thailand's most successful mobile phone operator in 1986. However, he devoted himself to politics as he founded the populist Thai Rak Thai (TRT) in 1998, and three years later became Prime Minister of Thailand. In 2006 he was overthrown in a military coup and ever since has found life difficult living in self-imposed exile in Dubai. As of March 2013, he re-entered the world's richest after he got close to $1 billion back from the $2.3 billion of his assets frozen by the Thai authorities. Although he has to face various criminal charges if he returns to Thailand, Thaksin still owns a controlling stake of SC Asset Co, a real estate development firm that his younger sister Yingluck used to run. Reportedly, he has been investing in gold and platinum mining in Africa.
Thaksin Shinawatra (Thai: a,?a,?a,?a,(C)a,?a,? a,?a,?a,?a,?a,?a,?a,?; RTGS: Thaksin Chinnawat; Thai pronunciation: [tE?A?k.sC?n tE?E?A<Thaksin's great-grandfather, Seng Sae Khu, was an immigrant from Meizhou, Guangdong, China, who arrived in Siam in the 1860s and settled in Chiang Mai in 1908. His eldest son, Chiang Sae Khu, was born in Chanthaburi in 1890 and married a Thai woman named Saeng Somna. Chiang's eldest son, Sak, adopted the Thai surname Shinawatra ("routinely appropriate action") in 1938 because of the country's anti-Chinese movement, and the rest of the family also adopted it.
Seng Sae Khu had made his fortune through tax farming. Chiang Sae Khu/Shinawatra later founded Shinawatra Silks and then by moving into finance, construction and property development. Thaksin's father, Lert, was born in Chiang Mai in 1919 and married Yindi Ramingwong (a daughter of Princess Jantip Na Chiang Mai). In 1968, Lert Shinawatra entered politics and became an MP for Chiang Mai and deputy leader of the now-defunct Liberal party. Lert Shinawatra quit politics in 1976. Lert Shinawatra opened a coffee shop, grew oranges and flowers in Chiang Mai's San Kamphaeng district, and opened two movie theatres, a gas station, and a car and mot

Thaksin Shinawatra Latest News

Is Thailand’s Thaksin Shinawatra about to buy Crystal Palace?

After news emerged that former Thai prime minister Thaksin Shinawatra had opened negotiations to buy English Premier League football club Crystal Palace for £150 million (US$194 million), the club has ...
Posted: May 14, 2019, 5:00 pm

Help unis take on genomics

At first, the government's teams of cyber monitors might have been anxious when they saw two fugitive former premiers, Thaksin Shinawatra and his sister Yingluck, appear together in Facebook posts ...
Posted: January 12, 2020, 3:17 pm

Billionaire Fugitives, Netflix’s Renewed Hope And Bloomberg Trolls Trump

About a week ago, Carlos Ghosn, the wealthy ex-Nissan CEO, fled Japan for safety in Lebanon. He is just the latest rich titan to have broken bad, turned fugitive and mostly gotten away with it.
Posted: January 8, 2020, 10:56 am

Court clears Thaksin’s son in Thai bank money laundering case

The only son of fugitive former Prime Minister Thaksin Shinawatra was acquitted today of money laundering charges. Panthongtae “Oak” Shinawatra, 39, walked out of the Central Criminal Court for ...
Posted: November 24, 2019, 11:28 pm

Thai king revokes royal decorations of ousted ex-PM Thaksin Shinawatra

BANGKOK (Reuters) - Thailand's King Maha Vajiralongkorn has revoked royal decorations that had been awarded to ousted former prime minister Thaksin Shinawatra, a document published on Saturday in the ...
Posted: March 30, 2019, 5:04 am
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