Logo of Phnom Penh Post newspaper Phnom Penh Post - Sihanouk declares assets to debunk myth he's rich



Sihanouk declares assets to debunk myth he's rich

Sihanouk declares assets to debunk myth he's rich

5-story-2.jpg
5-story-2.jpg

The King Father seeks to fend off accusations from Republicans and other political opponents that he has amassed enormous wealth

POST ARCHIVES

King Father Norodom Sihanouk greets admiring subjects as Queen Mother Monique stands behind him in this file photo.

FORMER king Norodom Sihanouk has said he is under attack from "Lonnoliens" and other Republican opponents who have accused him of sacking away enormous amounts of money, explaining last week's sudden declaration of his assets on his website.

"Since I am only a 'Retired King', the Lonnoliens and other Khmer Republicans are accusing me of having a large fortune and 'enormous' assets - sic! -. I must therefore make these ‘assets' known in full to the public," Sihanouk wrote on his website Tuesday.

"Certain journalists (in Phnom Penh) are looking for an 'explanation' for my preceding communique that made known to the public my assets.... Here is the ‘explanation'," he said. 

The retired monarch, who divides his time between guest palaces in Beijing and Pyongyang, announced unprompted Saturday that he had "30,313 Euros and 28 centimes" (about US$45,000) in a French bank.

He added that his estate also included a small house in Siem Reap which would go to his wife, Norodom Monineath Sihanouk, upon his death.

 
A new national museum?

Last week's statement also declared that the house of his birth near the Independence Monument in Phnom Penh, would, after 2014, become a national museum, and that the two residencies in China and North Korea do not belong to him. 

"The Palace 'Chhang Sou Won' (near Pyongyang, PDRK) and the ‘Royal Residence' in Beijing, PRC, do not belong to me. They are 'State Guest Houses' owned respectively by the PDR of Korea and the PR of China," he wrote.

The declaration came a day after the business magazine Forbes listed the 15 wealthiest monarchs in the world, giving first place to Thailand's King Bhumibol Adulyadej.

The magazine, which revealed the monarchs' combined wealth was about US$131 billion (up from $95 billion last year), said its classification was slightly dubious given the blurring of lines between state and royal ownership.  "These estimates are ... a blend of art and science," Forbes wrote. 

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Capital set to beef up security

    Phnom Penh municipal governor Khuong Sreng held the first meeting of the year with heads of armed forces in the capital to review and repair the deficiencies related to gun control, drug crimes, social order disruptions due to alcohol consumption and traffic law enforcement. Municipal