Networth: 11 Billion
Country: Thailand
Industry: Energy
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.
Ticker: GULF-TH
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