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Rank #168
Sarath Ratanavadi
$11114.9B
Bangkok, , Thailand
Energy
Biography
Sarath Ratanavadi is the CEO of Gulf Energy Development, one of Thailand's largest power producers.
He took the company public in 2017 raising more than $700 million, in what was the country's biggest IPO in a decade.
In 2021, Sarath acquired stakes in telecom giant InTouch Holdings and its wireless unit, Advanced Info Service (AIS).
Gulf Energy is partnering Singtel in a new venture to set up data centers in Thailand. In January 2022 it signed an agreement with Binance to set up a crypto exchange in Thailand.
Gulf Energy has a 70:30 joint venture with state-owned oil and gas firm PTT to build a $1.3 billion LNG terminal and port on Thailand's east coast.
Financial Assets
Gulf Energy Development
THAILAND: GULF-THShares: 8,614,000,000