Paetongtarn Shinawatra bears the surname of one of the richest and most influential families in the Asian country
Paetongtarn Shinawatra was sworn in as the new head of government by the King of Thailand Maha Vajiralongkorn. At 37, Paetongtarn, who bears the surname of one of the richest and most influential families in his country, became the youngest prime minister in the history of the kingdom.
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Although she demonstrated political agility to form a coalition and become prime minister, Peatongtarn is the daughter of former Thai Prime Minister Thaksin Shinawatra, a 75-year-old billionaire forced into exile in 2008 over corruption allegations.
Thaksin, who served as prime minister from 2001 until he was ousted in a military coup in 2006, returned to Thailand in August 2023 and was sentenced to eight years in prison for conflict of interest, abuse of power and corruption during his time in power. His prison sentence was later reduced to one year, in response to a request for a royal pardon.
At the Paetongtarn opening ceremony, Thaksin sat in the front row. According to Forbesthe politician has a net worth of 2.1 billion dollars, equivalent to 11.4 billion reals, at the current price. This amount makes him the The 11th richest person in Thailand and the 1545th in the world rankingThe billionaire owns, among other things, the majority of the real estate company SC Asset.
Dynasty
Although she is the youngest prime minister in her country, Paetongtarn is not the first woman in her family to hold the office. Her aunt, Yingluck, is also a former prime minister (2011-2014).
With a similar script to her brother, she fled the country in 2017 to escape prison over a rice subsidy program. A Thai court acquitted her in March 2024.
The vote that elected the young woman came just days after former Prime Minister Srettha Thavisin was removed from office by a Constitutional Court decision. Paetongtarn secured the parliamentary support needed to replace him.
The prime minister-elect’s party came in second in the 2023 election, but formed a governing coalition after the vote winner was blocked by military-backed lawmakers.
Paetongtarn, who is pregnant, made her electoral debut this year. In addition to never having held a government post, she also has no administrative experience.
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Source: Terra
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