Pita's wealth drops B41m
published : 5 Jul 2023 at 15:06
writer: Gary Boyle
ORIGINAL SOURCE/WRITER: Post Reporters

Aspiring prime minister Pita Limjaroenrat's net worth has fallen 41 million baht since his assets declaration when he entered parliament four years ago.
The National Anti-Corruption Commission (NACC) on Wednesday published the declared assets and liabilities of 40 of the MPs whose terms ended on March 20.
The Move Forward Party leader declared he was single and had 85 million baht in assets including 1.8 million baht in cash, 286,045.70 baht in deposits in 27 bank accounts, 15 million baht in loans to his younger brother, 14 rai of land in Pran Buri district of Prachuap Khiri Khan worth 18 million, a condominium worth 15 million baht in Wattana district and 19 million baht in insurance-related assets and relevant privileges.
Mr Pita also declared 12 million baht worth of ornaments and devices, including three mobile phones worth 166,700 baht, a 2.3 million baht van, 28 shirts worth 188,000 baht, 16 suits worth 1.2 million baht, 76 neckties worth 228,000 baht, 21 pairs of shoes worth 150,000 baht, 10 watches worth 5.71 million baht and eight Buddha amulets worth 2 million baht.
Mr Pita declared 20.74 million baht in liabilities.
The Move Forward Party leader informed the NACC he held 42,000 shares worth 44,100 baht in iTV Plc on behalf of other relatives because he was executor of his late father's estate.
When compared with the 126 million baht in assets declared when he entered parliament in 2019, Mr Pita's wealth fell about 41 million baht during his four-year term as an MP.
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Vocabulary
- amulet: a small object that some people wear around their neck as a protection against evil, bad luck, disease etc - เครื่องราง
- asset: a thing of value - สิ่งที่มีคุณค่า
- deposit (noun): money kept in a bank account - เงินฝาก
- estate: all the money and property that a person owns, especially everything that is left when they die; the people having rights to an estate - กองมรดก
- executor: someone who makes sure that things are done according to the wishes in a dead person's will - ผู้จัดการมรดกตามพินัยกรรม
- insurance: an arrangement in which you regularly pay an insurance company an amount of money so that they will give you money if something you own is damaged, lost, or stolen, or if you die or are ill or injured - การประกัน
- liability (noun): the amount of money that a person or company owes - หนี้สิน
- loan: an amount of money that a person, business, or country borrows, especially from a bank - เงินกู้
- ornament: a small attractive object used for decoration - เครื่องประดับประดา
- privilege: a special benefit that is available only to a particular person or group - เอกสิทธิ์
- share: any of the units of equal value into which a company is divided and sold to raise money. People who own shares receive part of the company's profits - หุ้น