The Five Richest Indonesians Have Fantastic Wealth

March 06, 2024, 07.59 PM  | Reporter: Noverius Laoli
The Five Richest Indonesians Have Fantastic Wealth

ILUSTRASI. President Joko Widodo accompanied by the Head of the IKN Authority Bambang Susantono greeted tycoons Aguan and Prajogo Pangestu at IKN Nusantara, on Thursday (21/9)

BILLIONAIRE -  JAKARTA. The five richest people in Indonesia according to Forbes have fantastic wealth. Some of them inherited their wealth from previous generations and then expanded it, but there are also those who made it big from their own hard work.

The tobacco entrepreneurs, the Hartono brothers, Prajogo Pangestu who is known as the timber king, and Low Tuck Kwong known as the coal tycoon, are included in the five richest billionaires in Indonesia with a total net worth reaching US$ 140 billion.

1. Robert Budi & Michael Hartono, owners of Djarum Group

The wealth of Robert Budi Hartono, 82 years old, and Michael Bambang Hartono, 84 years old, comes from their father's kretek cigarette company, Djarum.

By acquiring Bank Central Asia, they expanded their wealth, which now comes from the financial sector, as well as developing their online mall, Blibli.

These two brothers have a total net worth of about US$ 48 billion.

2. Prajogo Pangestu, founder of Barito Pacific Group

Prajogo Pangestu, 79 years old, started his business from timber with Barito Pacific Timber, then switched to other sectors such as petrochemicals, renewable energy, and coal mining.

According to Forbes, his net worth is estimated to reach US$ 41.3 billion.

3. Low Tuck Kwong, founder of Bayan Resources

Low Tuck Kwong, 75 years old, is known as the coal king because his wealth comes from the coal mining company Banyan Resource.

In addition, Kwong also invests in various energy companies in Asia and the world.

With a net worth of US$ 27.4 billion, Low is a major figure in the energy industry.

4. The Widjaja Family

The Widjaja family's wealth was built by Eka Tjipta Widjaja, the founder of Sinar Mas, a leading conglomerate in Indonesia.

After his death in 2019, his family inherited the Sinar Mas empire which covers various industries such as paper, real estate, finance, health, agribusiness, and telecommunications.

The total net worth of this family is estimated to reach US$ 10.8 billion.

5. Anthoni Salim, CEO of Salim Group and Indofood, along with his family

Anthoni Salim, 74 years old, serves as the CEO of Indofood, a famous food manufacturer with the instant noodle brand Indomie.

In addition, he is also the CEO of Salim Group, the largest conglomerate in Indonesia that invests in various sectors such as food, retail, banking, telecommunications, and energy.

Together with his family, they have a net worth of about US$ 10.3 billion.

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Editor: Syamsul Azhar

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