Ibrahim Jabbari
Net Worth: $5.2 B
Source of Wealth: energy
Residence: Bangkok, Thailand
Citizenship: Thailand
- Sarath Ratanavadi is the CEO of Gulf Energy Development, Thailand’s third-largest energy producer.
- He took the company public in 2017 raising more than $700 million, in what was the country’s biggest IPO in a decade.
- Shares of Gulf Energy Development, in which he has a 73% stake, have more than doubled since its IPO.
- In 2018, revenue was up 136% to $636 million as new power projects came online.
- Gulf Energy has a $483 million joint venture with the Oman Oil Company for a 326 megawatts power project in Oman’s Duqm Special Economic Zone.
