Billion-bhat Buddha Boom Goes Bust

Article Preview

To access this entire article and all other member-supported
content, join Tricycle as a Supporting or Sustaining Member

A Buddhist monk in Thailand who earned millions of dollars for charity by energizing amulets with “supernatural powers” said he would stop the practice as he was no longer able to concentrate. The monk, Luang Poh Koon Parisutho, vowed to stop reciting incantations on the amulets and ordered the entire stock in his temple to be sold at discount prices. Luang Poh said he has lost his concentration since his nephew and business manager, Boonrieb Chanpheng, was shot and injured by unknown assailants. Most Thais wear Buddha amulets around their necks in the belief that the tiny images, made of clay, bone, ivory, or gold, bring good luck and prosperity. Amulets blessed by Luang Poh are in great demand, and people from all over Thailand flock to his temple, in Nakorn Rachasima province, some 130 miles northeast of Bangkok.

Share with a Friend

Email to a Friend

Already a member? Log in to share this content.

You must be a Tricycle Community member to use this feature.

1. Join as a Basic Member

Signing up to Tricycle newsletters will enroll you as a free Tricycle Basic Member.You can opt out of our emails at any time from your account screen.

2. Enter Your Message Details

Enter multiple email addresses on separate lines or separate them with commas.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Become a Supporting Member

*With Autorenew

  • You Get
  • Tricycle | The Magazine - a one-year subscription to premier Buddhist quarterly
  • Tricycle Retreats - a new online video teaching every every week by a contemporary Buddhist teacher
  • Tricycle | The Digital Edition - web based edition of the magazine
  • The Wisdom Collection - nearly two decades of teachings by the world's most compelling teachers, from the pages of Tricycle
  • Tricycle Gallery - the best in Buddhist art to download and share with friends
  • Tricycle Book Club - online discussions with leading Buddhist authors
  • Tricycle Discussions - teacher-led explorations of dharma in daily life
  • The Tricycle Blog - our diary of the global Buddhist movement
  • Daily Dharma - heart advice delivered direct to your inbox
  • The Tricycle Newsletter - the latest news, teachings, events, and more, every Monday

Become a Supporting Member

Become a Sustaining Member

*With Autorenew

  • You Get
  • Tricycle | The Magazine - a one-year subscription to premier Buddhist quarterly
  • Tricycle Retreats - a new online video teaching every every week by a contemporary Buddhist teacher
  • Tricycle | The Digital Edition - web based edition of the magazine
  • The Wisdom Collection - nearly two decades of teachings by the world's most compelling teachers, from the pages of Tricycle
  • Tricycle Gallery - the best in Buddhist art to download and share with friends
  • Tricycle Book Club - online discussions with leading Buddhist authors
  • Tricycle Discussions - teacher-led explorations of dharma in daily life
  • The Tricycle Blog - our diary of the global Buddhist movement
  • Daily Dharma - heart advice delivered direct to your inbox
  • The Tricycle Newsletter - the latest news, teachings, events, and more, every Monday

Become a Sustaining Member