I included a link and caption to this rare digitized footage of the 1926 funeral of Thai King Vajiravudh (aka Rama VI) to accompany a pair of travel advisory stories I wrote for the South China Morning Post related to King Bhumibol’s funeral rites in October 2017. The actual cremation took place on the evening of October 26, preceded by a half-dozen processions that day and by five rehearsals in the days before that. (The gist of my stories: Don’t even think that you can get close enough on October 25-27 to see anything in the vicinity of the funerary structures.)
The video caption I wrote was edited down a lot, so I don’t think readers could draw much from it. Early on in the video, that’s Vajiravudh’s brother, King Prajadhipok (Rama VII), presiding over—by pulling a specially made rope—the raising of the Royal Six-Tiered Umbrella to a spire atop the multi-story wood crematorium. That ceremony occurs a few days before the actual cremation; this year it took place October 18, with Thailand’s new king, Vajiralongkorn, presiding. Continue reading
By Susan J. Cunningham
The king of Thailand controls vast wealth. Just how vast wasn’t clear, until some sleuthing by a Bangkok academic and some new openness by the monarchy’s investment arm.
The Thai monarchy’s family fortune has always been shrouded in secrecy. Last year FORBES ASIA valued it at a conservative $5 billion. Other estimates have put it at $8 billion. But this year–using an exhaustive academic study of the monarchy’s investment arm, the Crown Property Bureau–FORBES ASIA now values the fortune at at $35 billion. This new estimate easily puts King Bhumibol Adulyadej atop our annual list of the world’s richest royals. Last year we ranked him fifth.
The bulk of the bureau’s assets lies in its vast real estate holdings, which make it the country’s largest landowner and include roughly one-third of Bangkok’s central business district. The bureau also holds a 30% stake in the Siam Cement Group and a 25% share of Siam Commercial Bank . The bureau granted an economic historian who is writing a history of the bureau, Porphant Ouyyanont, unprecedented access to its files in 2005. His paper, which was published in the U.K.’s Journal of Contemporary Asia in February, pegged the value of the bureau’s assets at $27.4 billion as of the end of 2005. Since then the assets and the baht have appreciated (though the baht has fallen recently). “Sure, [the estimate] is enormous, but it’s reasonable,” he says. “We know the price of land. We know [the market] capitalization [of the companies].” An adviser to the bureau, Aviruth Wongbuddhapitak, said by e-mail that “generally, there is no major inaccuracy” in Porphant’s paper. … more