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  • Los Angeles Times

    The world's richest king, his mysterious fortune and the protesters who want answers

    by Shashank Bengali, Los Angeles Times Oct 15, 2020 5 minutes

    SINGAPORE - The crown prince of Thailand's third marriage unraveled in lurid headlines: The princess was stripped of her titles, her parents and brothers jailed over vague corruption allegations, her uncle purged from his senior police post.

    Then the heir to the throne had to finesse a divorce settlement.

    Luckily for the prince, he had access to one of the largest royal fortunes in the world, a secretive holding company laden with stakes in blue-chip Thai companies and prime land in the heart of Bangkok. The company covered the payment, reportedly close to $6 million.

    Two years later, in 2016, the prince ascended to the throne. One of King Maha Vajiralongkorn's first major acts was to transfer all the holdings in the vast company, known as the Crown Property Bureau, to his personal ownership, giving him control of more wealth than the reported riches of the Saudi

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