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Sarath Ratanavadi
#173

Sarath Ratanavadi

Source of wealth: Energy

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Sarath Ratanavadi's fortune with the healthcare spending of a massive country

Sarath Ratanavadi could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 7.5 years.

But even if we compare their fortune with that of a rich country

On the other end, Sarath Ratanavadi could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 3.3 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Sarath Ratanavadi could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.9 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Sarath Ratanavadi could pay for it entirely for 6.7 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Sarath Ratanavadi could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 28.0 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Sarath Ratanavadi with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.6 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Sarath Ratanavadi's fortune is equivalent to 114 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Sarath Ratanavadi could buy 30,447,128 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 5 trucks to transport them. Although Sarath Ratanavadi will almost certainly have enough money left over to pay for the gas.

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Biography

Sarath Ratanavadi is CEO of Gulf Development, one of Thailand's largest conglomerates with interests in telecommunications and digital infrastructure.

Gulf Development was established in 2025 following a merger between power producer Gulf Energy Development and telecom giant InTouch Holdings, the biggest shareholder of Advanced Info Service (AIS).

In 2024, Gulf Energy's joint venture with Binance launched a crypto exchange in Thailand.

Gulf bought a stake in Kasikornbank in May 2025 and continued to raise its shares to become the second largest shareholder of Thailand's third largest bank by assets.

Gulf's joint venture with Singtel and AIS to set up data centers in Thailand is expected to start operations in 2025.

Financial Assets

Exchange
THAILAND
Ticker
GULF-TH
Company
Gulf Development
Exchange
THAILAND
Ticker
GULFI-TH
Company
Gulf Energy Development
Exchange
THAILAND
Ticker
ITC-TH
Company
i-Tail Corporation

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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