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#161 Billionaire

Sarath Ratanavadi

$16.4B
+$86M (+0.5%)
TH · Age 60
Source of wealth: Energy
Industry: energy
Residence: Bangkok
{ "bio": [ "Sarath Ratanavadi is CEO of Gulf Development, one of Thailand's largest conglomerates with interests in telecommunications and digital infrastructure.", "Gulf Development was established in 2025 following a merger between power producer Gulf Energy Development and telecom giant InTouch Holdings, the biggest shareholder of Advanced Info Service (AIS).", "In 2024, Gulf Energy's joint venture with Binance launched a crypto exchange in Thailand.", "Gulf bought a stake in Kasikornbank in May 2025 and continued to raise its shares to become the second largest shareholder of Thailand's third largest bank by assets.", "Gulf'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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