This Thai Billionaire Just Saw Half of His Fortune Wiped Out
This article is for subscribers only.
Energy Absolute Pcl’s Chief Executive Officer Somphote Ahunai has seen almost half of his fortune erased after shares of the renewable energy company he founded turned into the industry’s worst performer the past month.
Somphote, whose family owns about 40 percent of the Bangkok-based company, saw his fortune slump to as low as $1.6 billion as the bio-fuel and solar-power producer slid 46 percent in a month, according to the Bloomberg Billionaire’s Index. That was the biggest drop among the 456 energy companies with market values exceeding $1 billion, according to data compiled by Bloomberg.