Gulf’s Sarath richest Thai stockholder for second year in a row
Sarath Ratanavadi, CEO of Gulf Energy Development Plc, is the wealthiest Thai stockholder for the second consecutive year with Bt115.29 billion, according to rankings compiled by Money & Banking magazine and Chulalongkorn University's Faculty of Commerce and Accountancy.
The rankings list major shareholders at close of trade on September 30 this year, after the SET fell to 1,237.04 from 1,637.22 last year.
The fall wiped Bt140.796 billion off the value of major investors’ stockholdings.
The worth of Sarat’s Gulf shares fell Bt5.67 billion from last year. Sarat is the company's largest shareholder with 35.44 per cent.
Gulf shares were worth Bt160 last year when he topped the wealth list for the first time, up 109.84 per cent from the initial public offering price of Bt45 in 2018. They had fallen to Bt30.5 in September this year after the Thai economy and listed companies were hit by the Covid-19 fallout.
The second richest investor this year is Prasert Prasattong-Osoth, founder of Bangkok Airways and Bangkok Dusit Medical Services, with a total shareholding of over Bt50.079 billion – down by Bt16.031 billion from last year.
The third richest is Niti Osathanugrah with Bt48.181 billion, down Bt431.68 million. Niti is heir to the Osotspa beverage empire. His investment portfolio this year covers 12 companies.
The fourth richest is Vonnarat Tangkaravakoon, director of TOA Paints (Thailand), who moved up from sixth place last year. His overall stake in Stark Corporation and TOA Paints was worth Bt41.213 billion, up Bt157.85 million.
ThaiBev tycoon Charoen Sirivadhanabhakdi was fifth with total holdings of Bt38.178 billion, richer by Bt27.848 billion following his listing of Asset World Corp on the SET last October.
Moving up one place to sixth and seventh were Daonapa Petampai and Chuchat Petaumpai, respectively, who own shares in Muangthai Capital Plc.
Daonapa's holdings were worth Bt35.460 billion, down Bt5.580 billion, while those of Chuchat were Bt35.277 billion, down by Bt5.563 billion.
Somphote Ahunai, CEO of Energy Absolute, slid to eighth place from fifth last year with Bt34.412 billion, down Bt7.671 billion.
Khunying Wanna Sirivadhanabhakdi, wife of Charoen, is ranked ninth with holdings of Bt28.728 billion, Bt18.398 billion richer than last year.
Harald Link, chairman of B Grimm Power Plc, is 10th in this year’s rankings with shares worth Bt26.798 billion, down Bt632.63 million.
