Thailand's prime minister declares over $400 million in assets, including hundreds of luxury handbags and watches

Thailand's Prime Minister Paetongtarn Shinawatra declared more than $400 million in assets on Friday, her party said, including more than 200 designer handbags worth over $2 million and at least 75 luxury watches valued at almost $5 million.

Paetongtarn, the youngest daughter of telecom billionaire and ex-prime minister Thaksin Shinawatra, took office in September as the fourth member of the clan to lead a Thai government in 20 years. Paetongtarn, now 38, also became Thailand's youngest leader at age 37 when she took office.

Paetongtarn was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC).