⬅ # 231 Anders Holch Povlsen|# 233 Karel Komarek

# 232 Sarath Ratanavadi 

$9.95B

Real Time Net Worth
as of 4/12/2024
-$29.6M (-0.30%)

# 232 Sarath Ratanavadi 

$9.95B

Real Time Net Worth
as of 4/12/2024
-$29.6M (-0.30%)
OccupationFounder and CEO, Gulf Energy Development
Source of WealthEnergy
Age58
ResidenceBangkok, Thailand
Marital StatusMarried
EducationBS in Engineering, Chulalongkorn University; MS in Engineering, University of Southern California
Age-Adjusted Net Worth$11.4B
Sarath Ratanavadi
Sarath Ratanavadi
Thailand
Net worth: $9.95B

Self-Made Score 

Wealth History

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Biography

Overview

Sarath Ratanavadi is a Thai engineer and businessman.
He is the founder and CEO of Gulf Energy Development, Thailand's third-largest energy firm.
Ratanavadi holds degrees from Chulalongkorn University and the University of Southern California.
He resides primarily in Bangkok.
Ratanavadi serves as the chairman of the NIST International School Foundation, the school his two sons attended.

Career Highlights

Ratanavadi established Gulf Electric in 2014 and inaugurated the company's first power plant in Thailand.
In 2017, he took Gulf Energy Development public, raising over $700 million, marking the country's largest IPO in a decade.
Gulf Energy has expanded its portfolio to include investments in renewable energy and cryptocurrency.

Strategic Investments

In 2021, Sarath Ratanavadi acquired stakes in telecom giant InTouch Holdings and its wireless unit, Advanced Info Service (AIS).
Gulf Energy has a joint venture with Singtel and AIS to establish data centers in Thailand, expected to commence operations in 2025.
The company 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.

How long would it take you to become as rich as Sarath Ratanavadi?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Sarath Ratanavadi's net worth of $9.95B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Sarath Ratanavadi is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Sarath Ratanavadi, Energy is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey