Thread: Covid-19 outbreak dents wealth of many Thai tycoons

Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

Thailand Richest - Forbes Thailand

as well as in the April issues of Forbes Asia and Forbes Thailand.

MORE Covid-19 outbreak dents wealth of many Thai tycoons

Originally Posted by misskit

Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

Thailand Richest - Forbes Thailand

as well as in the April issues of Forbes Asia and Forbes Thailand.

MORE Covid-19 outbreak dents wealth of many Thai tycoons

...heartbreaking...a GoFundMe effort should be organized...

So Thai tycoons haven't figured out how to get taxpayer bailouts then...

Originally Posted by SKkin

So Thai tycoons haven't figured out how to get taxpayer bailouts then...

...of course they have...it's called corruption: a generous government payout that never ends...

Originally Posted by misskit

Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak.


The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18 per cent to US$132 billion.

The list is available at Thailand’s 50 Richest 2020: Fortunes Decline $28 Billion Amid Covid-19 Pandemic and

Thailand Richest - Forbes Thailand

as well as in the April issues of Forbes Asia and Forbes Thailand.

MORE Covid-19 outbreak dents wealth of many Thai tycoons

I don't believe that for a minute, anyone smart enough to become a billionaire would have bailed out of the negatively affected markets once it was clear where they were heading, and then either held cash until the dust settles or from that position of strength played into the main rallies.

^ Don’t know about that. Lots of people missed what was about to happen. Even Trump, so I read, has lost 1/3 of his wealth and he had forewarning!

^The sweet tax break deal for real estate developers in the CARES Act should help make him whole again.


Wealthy real estate developers like Trump score a huge tax break in the stimulus bill - CNN

The people with the real money and power don't have to declare their wealth.

Originally Posted by SKkin

^The sweet tax break deal for real estate developers in the CARES Act should help make him whole again.


Wealthy real estate developers like Trump score a huge tax break in the stimulus bill - CNN

Unverified, but one commentator said that part of the main stimulus package includes an item injected by the House to ensure that no Trump business could benefit from it.

Are they called Thai-coons?


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I'll get my hat

Har har....that's half funny.

I'll send you half a green..

Originally Posted by panama hat

Are they called Thai-coons?

black humour in these dark times

Originally Posted by Latindancer

Har har....that's half funny.

I'll send you half a green..

I'll take it, thank you

Originally Posted by baldrick

black humour in these dark times

Nice!

Originally Posted by jabir

Unverified, but one commentator said that part of the main stimulus package includes an item injected by the House to ensure that no Trump business could benefit from it.

That doesn't include tax breaks. Just direct aid via loans. From that CNN article I linked:

Senate Democrats have pointed out that the stimulus package bars The Trump Organization, which owns stakes in several hotels, golf courses and resorts, from receiving any direct aid via loans.