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China's Thirst For Energy Makes Red Bull Rival a Billionaire

  • Carabao outsells Red Bull in Thailand and is gaining in China
  • Shares rise 38% despite WHO warnings, English soccer stumble
Sathien Setthasit
Sathien Setthasit

Photographer: LILLIAN SUWANRUMPHA/AFP via Getty Images

There’s another energy drink pouring out massive wealth in Thailand.

Sathien Setthasit, chairman and chief executive officer of Red Bull challenger Carabao Group Pcl, has become a billionaire after the company’s shares rose 38 percent this year and lifted his net worth to $1.1 billion, according to the Bloomberg Billionaires Index.