Energy Billionaire Is Now Second-Richest Thai as Firm Surges

Fortune of Gulf founder Sarath Ratanavadi hits $6.3 billion
He’s expanding from core power business into port development

Sarath RatanavadiSource: Gulf Energy Development Pcl

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By Anuchit Nguyen and Lee J Miller

June 30, 2019 at 12:00 AM UTC

Updated on

July 1, 2019 at 10:36 AM UTC

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Sarath Ratanavadi has vaulted up Thailand’s billionaire list to become the nation’s second-richest man, as his Gulf Energy Development Pcl outpaces most of the world’s power companies.