King Charles III’s personal wealth, excluding the £15 billion Crown Estate managed on his behalf, is estimated at approximately £640 million. In contrast, Thailand’s King Rama X possesses a staggering fortune, reportedly worth £32 billion. The Thai monarch, officially known as His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun, inherited a legacy of $43 billion (£32 billion) upon ascending to the throne in 2016.
King Rama X has utilized his wealth astutely, investing in property and the telecommunications industry to further increase his immense fortune. His extensive portfolio includes commercial buildings, luxury hotels, historic palaces, and a vast collection of around 300 luxury vehicles. Additionally, he maintains a fleet of 38 helicopters and fixed-wing aircraft, along with ceremonial river barges.
Similar to the Crown Estate in Britain, Thailand’s Crown Property Bureau manages the royal family’s commercial interests, although King Rama X has exerted more personal control over the organization. Some Thais have raised concerns regarding the monarch’s reign, calling for democratic reforms and the repeal of laws that forbid criticism of the king. Questions have also been raised about the stark economic inequality juxtaposed with the king’s wealth.
In a bid to consolidate power, King Rama X brought two army units under his direct command in 2019, a move seen as a step towards an absolute monarchy. Analysts note that he has significantly increased his political influence, overshadowing both the army and politicians in Thai politics.