Privy Purse Bureau
Properties owned by the Thai monarchy
Properties owned by the Thai monarchy
The Privy Purse Bureau, known from 1948 to 2025 as the Crown Property Bureau (CPB), is a royal agency responsible for managing the property of the King of Thailand. The Crown Property Bureau was originally set up following reforms to royal property following the abolition of absolute monarchy, which placed crown property—mostly investments and real estate holdings—under the control of the Ministry of Finance. In 1948, the CPB was set up as an independent juristic person, chaired by the Minister of Finance but operating outside the purview of the government, with its proceeds to be spent at the royal pleasure. During the reign of King Bhumibol Adulyadej (1946–2016), 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. The bureau's unclear legal status, as an administrative agency of the state but not a government agency, was also subject to much legal analysis. After the accession...
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