Crown Property Bureau

The Crown Property Bureau (CPB) (Thai: สำนักงานทรัพย์สินพระมหากษัตริย์; RTGS: samnak ngan sap sin phra maha kasat) is legally the administrative agency responsible for managing the property of the King of Thailand. The king had appointed six members of the bureau's governing board, with the seventh the sitting Minister of Finance of Thailand until the Thai military junta reign in 2017-2018, a royal property law was modified. The rule of appointing a finance minister as a chairperson of board directors from Crown Property Act 1936 was omitted, giving the king discretion only to appoint the board. It was claimed that crown property does not belong to the king in his private capacity, but to the monarchy as an institution which continues from reign to reign.^: 282 In 2018, King Vajiralongkorn was granted full, personal ownership of royal assets thought to be worth at least $70bn to as much as $130bn. The Crown Property Bureau, which controlled the royal fortune on behalf of the monarchy, said it transferred ownership of the assets following a change in the law a year earlier.