For the fifth year running, Gulf Energy Development Plc‘s Chief Executive, Sarath Ratanavadi, tops the list as the wealthiest shareholder in the Thai capital market. Despite a 12.9% dip from the previous year, his shares were valued at a whopping 190 billion baht, according to a recent survey.
The annual assessment, a joint effort between Money & Banking magazine and the faculty of commerce and accountancy at Chulalongkorn University, ranks the top ten richest shareholders in Thailand. The ranking is based on the market value of their listed company shares as of September 30 this year.
The Thai Stock Exchange has not fared well this year, ranking as one of Asia’s poorest performers with a year-to-date decline of 17.6%. This downturn has impacted the wealth of seven of the top ten people on the list, resulting in a decrease in their share of wealth from the…
