King of Thailand Net Worth
Net Worth: $30 Billion
Category: Richest Politicians › Royals
Birthdate: December 5, 1927 – October 13, 2016 (88 years old)
Birthplace: Cambridge, Massachusetts, USA
Nationality: Thailand
Overview
King Bhumibol Adulyadej, also known as Rama IX, ruled Thailand for 70 years, making him the longest-reigning monarch in the country’s history. His reign, from 1946 to 2016, was marked by significant socio-economic contributions, political influence, and cultural impact. With a net worth of $30 billion, largely derived from vast real estate holdings and business investments, he was considered one of the wealthiest royals in the world.
Sources of Wealth
- Crown Property Bureau (CPB):
- Managed extensive real estate, including 3,300 acres in central Bangkok and 13,200 acres of country land.
- CPB also owned stakes in major corporations, contributing significantly to the King’s wealth.
- Business Investments:
- 32% stake in Siam Cement Group: Valued at approximately $13 billion.
- 23% stake in Siam Commercial Bank: Thailand’s largest bank.
- Additional stakes in insurance firms and the Shin Corporation (media, telecommunications, and aviation).
Early Life
- Born in Cambridge, Massachusetts, to Prince Mahidol Adulyadej and Mom Sangwan, Bhumibol was the youngest son of King Rama VIII.
- His name, meaning “Strength of the Land, Incomparable Power,” reflects his destined role.
- Educated in Switzerland, he excelled in science, law, and the arts, showing early interest in music, photography, and sailing.
Reign Highlights
- Political Role:
- Initially symbolic, his influence grew during political crises.
- Played a key role in 1973, 1992, and other critical moments, ensuring stability and advocating for democratic transitions.
- Economic Contributions:
- Introduced the “Sufficiency Economy” philosophy, emphasizing sustainable and self-reliant development.
- Supported agricultural projects, water management, and rural development, benefiting millions of Thais.
- Cultural Legacy:
- Advocated for education and healthcare improvements.
- Championed arts, music, and environmental conservation.
- Global Diplomacy:
- Known for fostering strong international relations, especially with the U.S., China, and regional neighbors.
Personal Life
- Married Queen Sirikit in 1950, shortly before his coronation.
- They had four children, including his successor, King Maha Vajiralongkorn (Rama X).
- A talented musician, Bhumibol composed nearly 50 songs, played with jazz legends, and won a Sanford Medal from Yale.
- He also excelled in sailing, winning a gold medal at the 1967 Southeast Asian Peninsular Games.
Health Issues and Death
- Suffered from various health conditions, including Parkinson’s disease, diverticulitis, and kidney failure.
- Passed away on October 13, 2016, at Siriraj Hospital in Bangkok.
- His death was followed by a year of national mourning, reflecting his profound impact on Thailand.
Legacy
King Bhumibol is remembered as a unifying figure in Thailand, revered for his dedication, philanthropy, and cultural influence. His contributions continue to shape the nation, while his immense wealth underscores the economic significance of the monarchy.
