Thailand’s king has been granted full ownership of the palace’s multi-billion dollar assets under a law passed last year, according to a rare “explanatory note” published by the financial arm of the powerful but secretive monarchy. King Maha Vajiralongkorn inherited one of the world’s great fortunes when he ascended the Thai throne following the October 2016 death of his father. Analysts say the Chakris are one of the world’s richest royal dynasties. Most of the money is controlled by the Crown Property Bureau (CPB), a vast portfolio that includes massive property ownership and investments in major companies. But last July the Thai government amended a royal property law for the first time in 69 years to give Vajiralongkorn full control over the CPB.