Tag: richest

Thailand’s mega-rich monarchy

by Sally Mairs BANGKOK, Thailand (AFP) — Late Thai king Bhumibol Adulyadej has left behind one of the world’s richest monarchies, with a multi-billion-dollar empire spanning property, construction and banks. Analysts say the vast royal reserves have allowed the crown to build a deep network among the Thai elite, helping insulate the king from the political pressures felt by monarchs who rely chiefly on state funding. But as with all issues linked to the Thai […]