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#235 Billionaire

Sarath Ratanavadi

$11.3B
+$450M (+4.1%)
TH · Age 60
Source of wealth: Energy
Industry: energy
Residence: Bangkok, TH
{ "bio": [ "Sarath Ratanavadi is the CEO of Gulf Development, one of Thailand's largest power producers by installed capacity.", "He listed the company, then called Gulf Energy Development, 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) and eventually merged it with Gulf Energy.", "In 2024, Gulf Energy's joint venture with Binance launched a crypto exchange in Thailand.", "Gulf Energy's joint venture with Singtel and AIS to set up data centers in Thailand is expected to start operations in 2025." ], "about": [ "He went to college in Bangkok, then moved to the U.S. for a masters degree in engineering.", "Sarath is the former managing director of Thailand Golf Championship.", "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." ] }

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