Indonesia, a nation renowned for its cultural diversity and natural beauty, has also emerged as a breeding ground for remarkable entrepreneurial success. The realm of finance has witnessed the rise of individuals whose acumen and determination have propelled them into the echelons of extreme wealth. The list of the “Top 50 Richest Persons in Indonesia” serves as a testament to the nation’s economic growth and the tenacity of its citizens.
Indonesia’s economic trajectory is expected to show a rate of 5.3% in the year of 2022, building upon the 3.7% expansion seen in the prior year of 2021, driven by high international pricing for its commodities exports. However, a faster inflationary environment might potentially reduce the effects of this encouraging momentum.
A positive development is also seen in the benchmark stock market index, which has increased by a strong 8% since the last measurement. The collective wealth of the 50 richest people in the country has increased dramatically as a result of this considerable upsurge, reaching an unheard-of peak of $180 billion. This astounding accomplishment underscores the outstanding financial advancements made by this affluent group as it represents a significant gain from the number of $162 billion in the prior year.
List of Top 50 Richest Persons in Indonesia
This compilation of Top 50 Richest Persons in Indonesia not only sheds light on the awe-inspiring fortunes amassed by these individuals but also unveils the dynamic nature of Indonesia’s business landscape, reflecting the country’s economic prowess on the global stage.
1. Low Tuck Kwong
Net Worth: $30.3 billion
Low Tuck Kwong is a successful Indonesian businessman known for his involvement in the coal mining industry. He is the founder of Bayan Resources, a company that primarily focuses on coal production and exploration. Bayan Resources has grown into one of the largest coal mining companies in Indonesia and has operations in various locations. The company exports coal to several countries, contributing significantly to Low Tuck Kwong’s wealth. He is one of the top richest persons in Indonesia.
2. Budi Hartono
Net Worth: $25.7 billion
R. Budi Hartono and Michael Hartono are Indonesian siblings who are the owners of Djarum Group. The Djarum Group is famous for its tobacco-related products, including the popular Djarum brand of clove cigarettes. The Hartono brothers have diversified their business interests over the years and have ventured into various sectors, including banking (Bank Central Asia or BCA) and telecommunications (Telekomunikasi Indonesia or Telkom). Their conglomerate, Djarum Group, has a significant impact on Indonesia’s economy and their combined wealth is substantial.
3. Michael Hartono
Net Worth: $24.6 billion
Michael Hartono and R. Budi Hartono are Indonesian siblings who are the owners of Djarum Group. The Djarum Group is famous for its tobacco-related products, including the popular Djarum brand of clove cigarettes. The Hartono brothers have diversified their business interests over the years and have ventured into various sectors, including banking (Bank Central Asia or BCA) and telecommunications (Telekomunikasi Indonesia or Telkom). Their conglomerate, Djarum Group, has a significant impact on Indonesia’s economy and their combined wealth is substantial.
4. Sri Prakash Lohia
Net Worth: $7.4 billion
Sri Prakash Lohia is an influential entrepreneur originally from India but based in Indonesia. He founded Indorama Corporation, a multinational conglomerate with operations in various countries. Indorama has a strong presence in the petrochemical and textile industries, and it’s one of the world’s largest producers of polyester. Lohia’s business acumen has contributed to his substantial wealth and influence in both India and Indonesia. He is one of the top richest persons in Indonesia.
5. Prajogo Pangestu
Net Worth: $5.7 billion
Prajogo Pangestu is a well-known Indonesian businessman and the founder of Barito Pacific Group. His conglomerate has interests in diverse industries such as plywood, petrochemicals, property, and agriculture. Barito Pacific Group has contributed significantly to Indonesia’s economic development through its various business ventures. He is one of the top richest persons in Indonesia.
6. Lim Hariyanto Wijaya Sarwono
Net Worth: $5.1 billion
Lim Hariyanto Wijaya Sarwono is the founder of Wings Group, an Indonesian conglomerate with a strong presence in the consumer goods sector. Wings Group is known for its products in personal care, hygiene, and cleaning segments. The company’s success has contributed to Lim Hariyanto Wijaya Sarwono’s wealth and influence in Indonesia. He is one of the top richest persons in Indonesia.
7. Dewi Kam
Net Worth: $4.9 billion
Dewi Kam is a prominent Indonesian businesswoman who holds a significant stake in the Mayapada Group. The Mayapada Group is involved in several sectors including banking, property, and healthcare. Dewi Kam’s involvement in the conglomerate has contributed to her recognition as one of Indonesia’s affluent individuals. He is one of the top richest persons in Indonesia.
8. Chairul Tanjung
Net Worth: $4.9 billion
Chairul Tanjung is a prominent figure in Indonesia’s business landscape. He is the founder and chairman of CT Corp, a conglomerate with interests in media, retail, banking, and more. CT Corp owns Trans Media (which operates Trans TV and Trans 7), Trans Retail (which owns Transmart and Carrefour Indonesia), and Bank Mega, among other ventures. Chairul Tanjung’s leadership has played a pivotal role in shaping Indonesia’s media and retail sectors. He is one of the top richest persons in Indonesia.
9. Tahir & family
Net Worth: $4.3 billion
Tahir is a Chinese-Indonesian businessman who has left a significant mark on Indonesia’s business scene. He is the founder of the Mayapada Group, which has interests in banking, property, and healthcare. Tahir’s efforts have contributed to the growth of his conglomerate and his recognition as one of the wealthiest individuals in Indonesia. He is one of the top richest persons in Indonesia.
10. Djoko Susanto
Net Worth: $4.2 billion
Djoko Susanto is a notable Indonesian businessman recognized for his role in founding and leading Astra International. Astra International is a diversified conglomerate involved in various sectors, including automotive, financial services, heavy equipment, and agribusiness. Djoko Susanto’s visionary leadership has played a vital role in the success of Astra International and his significant contributions to Indonesia’s economy. He is one of the top richest persons in Indonesia.
11. Bachtiar Karim & family
Net Worth: $4 billion
Bachtiar Karim is an influential figure in the palm oil industry. Musim Mas Group, which he founded, has gained recognition for its commitment to sustainable and environmentally responsible palm oil production. The company’s efforts include the implementation of zero-deforestation policies, protection of biodiversity, and social engagement with local communities. Bachtiar Karim’s leadership in sustainable palm oil practices has contributed to raising industry standards and addressing environmental concerns associated with palm oil cultivation.
12. Jogi Hendra Atmadja & family
Net Worth: $3.95 billion
One of Indonesia’s largest food companies, Mayora group, is led by Jogi Hendra Atmadja and distributes a variety of goods, including coffee, cereal, chocolates, and biscuits. In more than 100 nations, Mayora Group sells its brands, which include Kopiko, Danisa, and Roma. In 1948, his family began baking biscuits at home, and Mayora Group was formally founded in 1977. The group’s flagship company, publicly traded Mayora Indah, is owned by Atmadja and his family to a significant extent. He is one of the top richest persons in Indonesia.
13. Susilo Wonowidjojo & family
Net Worth: $3.5 billion
Susilo Wonowidjojo’s visionary leadership has transformed the Djarum Group from a tobacco-centric business into a diversified conglomerate. The expansion into banking through Bank Central Asia (BCA) and telecommunications via Telkom has diversified the group’s revenue streams and contributed to Indonesia’s financial and technology sectors. He is one of the top richest persons in Indonesia.
14. Garibaldi Thohir & family
Net Worth: $3.45 billion
Garibaldi Thohir’s role as the CEO of Adaro Energy has positioned him as a key player in Indonesia’s energy sector. Adaro Energy is a major coal mining and energy company, and his leadership has contributed to Indonesia’s energy supply and export capabilities. Additionally, his involvement in media through Mahaka Media has contributed to the country’s media landscape. He is one of the top richest persons in Indonesia.
15. Theodore Rachmat
Net Worth: $3.3 billion
Theodore Rachmat’s Triputra Group has made significant contributions to Indonesia’s agribusiness and manufacturing sectors. The conglomerate’s investments in palm oil, coal mining, and automotive industries have created jobs, stimulated economic growth, and supported local communities. He is one of the top richest persons in Indonesia.
16. Martua Sitorus
Net Worth: $3.2 billion
As a co-founder of Wilmar International, Martua Sitorus has played a crucial role in the global palm oil supply chain. The company’s commitment to sustainability and responsible sourcing has influenced industry practices and has helped address environmental and social concerns related to palm oil production. He is one of the top richest persons in Indonesia.
17. Sukanto Tanoto
Net Worth: $3.0 billion
Sukanto Tanoto’s Royal Golden Eagle (RGE) Group has been a major player in various industries. RGE’s involvement in pulp and paper, palm oil, and energy has contributed to Indonesia’s natural resources sector. His emphasis on sustainability has driven positive change in resource management practices. He is one of the top richest persons in Indonesia.
18. Eddy Kusnadi Sariaatmadja & family
Net Worth: $2.4 billion
Sinar Mas Group, associated with Eddy Kusnadi Sariaatmadja, has been involved in multiple sectors, including palm oil, pulp and paper, and real estate. The group’s focus on sustainability and environmental conservation has influenced the way these industries operate in Indonesia. He is one of the top richest persons in Indonesia.
19. Ciliandra Fangiono & family
Net Worth: $2.2 billion
Ciliandra Fangiono’s association with First Resources has contributed to sustainable palm oil practices and responsible sourcing. The company’s efforts align with global sustainability goals and have positively impacted the palm oil industry’s image. He is one of the top richest persons in Indonesia.
20. Otto Toto Sugiri
Net Worth: $2.0 billion
Co-founder and president director of DCI Indonesia is Otto Toto Sugiri. He founded the business in 2011 and grew it into Indonesia’s largest data center operator. Since its IPO in January 2021, DCI Indonesia’s shares have increased significantly. Sugiri established PT Sigma Cipta Caraka in 1989 before DCI, which was later bought up by PT Telkom Indonesia and is now known as Telkomsigma. Sugiri was a cofounder of Indonet, Indonesia’s first internet service provider, which was established in 1994 and went public in February 2021. He is one of the top richest persons in Indonesia.
21. Hermanto Tanoko
Net Worth: $2.0 billion
Hermanto Tanoko is the founder of the Saratoga Group, an investment company with diverse interests. The group has investments in various sectors including infrastructure, natural resources, consumer goods, and telecommunications. Through his leadership in Saratoga, Tanoko has played a role in driving investment and development across multiple industries. He is one of the top richest persons in Indonesia.
22. Bambang Sutantio
Net Worth: $2.0 billion
Bambang Sutantio’s influence is closely tied to Austindo Nusantara Jaya (ANJ), a conglomerate that operates in the agribusiness sector. ANJ is involved in palm oil plantations, rubber, and other agricultural commodities. Sutantio’s leadership has contributed to ANJ’s growth, creating value for the company and the communities it operates in. He is one of the top richest persons in Indonesia.
23. Peter Sondakh
Net Worth: $1.9 billion
Peter Sondakh’s entrepreneurship is evident through his creation of Rajawali Group, a diversified conglomerate with significant investments. The group has interests in coal mining, palm oil plantations, hospitality, and real estate development. Sondakh’s ventures have contributed to Indonesia’s economy and infrastructure development. He is one of the top richest persons in Indonesia.
24. Putera Sampoerna & family
Net Worth: $1.7 billion
Putera Sampoerna’s role in the tobacco industry has been significant. His involvement with Sampoerna Strategic, which produces some of Indonesia’s most iconic cigarette brands, has contributed to the country’s tobacco sector and economy. The Sampoerna Foundation, established by the family, is also known for its philanthropic efforts in education. He is one of the top richest persons in Indonesia.
25. Hamami family
Net Worth: $1.6 billion
The Hamami family’s association with Ciputra Group, founded by Dr. Ir. Ciputra, has led to transformative contributions in real estate and urban development. The group’s developments include residential complexes, shopping malls, and integrated townships that have enhanced urban living and contributed to the nation’s infrastructure. He is one of the top richest persons in Indonesia.
26. Mochtar Riady & family
Net Worth: $1.5 billion
Mochtar Riady’s establishment of Lippo Group has created a conglomerate with a diverse portfolio. The group’s real estate ventures, retail brands, healthcare facilities, and financial services have played a role in shaping urban landscapes and enhancing living standards in Indonesia. He is one of the top richest persons in Indonesia.
27. Soegiarto Adikoesoemo
Net Worth: $1.5 billion
Soegiarto Adikoesoemo’s leadership in AKR Corporindo Group has influenced the energy and logistics sectors. The group is involved in trading, distribution, and storage of various energy-related products, contributing to Indonesia’s energy security and infrastructure development. He is one of the top richest persons in Indonesia.
28. Arini Subianto & family
Net Worth: $1.5 billion
Arini Subianto’s involvement with the Rajawali Group, led by her husband Peter Sondakh, has contributed to the conglomerate’s diverse investments. The group’s ventures have spanned industries like mining, real estate, and hospitality, leaving a mark on various sectors of the economy. He is one of the top richest persons in Indonesia.
29. Irwan Hidayat & family
Net Worth: $1.35 billion
Irwan Hidayat’s connection with the Ancora Group has led to investments in energy, natural resources, and infrastructure. The group’s contributions have impacted Indonesia’s energy sector and economic growth. He is one of the top richest persons in Indonesia.
30. Kiki Barki
Net Worth: $1.3 billion
Kiki Barki’s role in Harum Energy has played a part in Indonesia’s coal mining industry. The company’s operations have contributed to the nation’s energy supply, while also engaging in community development initiatives. He is one of the top richest persons in Indonesia.
31. Murdaya poo
Net Worth: $1.3 billion
Murdaya Poo’s entrepreneurial journey began with the Central Cipta Murdaya (CCM) Group, which has expanded into diverse sectors such as textiles, property, manufacturing, and entertainment. Poo’s commitment to philanthropy is evident through his support for cultural heritage preservation and education initiatives, making a lasting impact on both business and societal development. He is one of the top richest persons in Indonesia.
32. Ciputra family
Net Worth: $1.25 billion
The Ciputra family, led by Dr. Ir. Ciputra, has left an indelible mark on Indonesia’s real estate sector. Their vision for urban development led to the creation of integrated townships, commercial centers, and residential complexes that have transformed cities and improved living standards. Dr. Ciputra’s dedication to education and art further demonstrates his commitment to societal progress.
33. Eddy Sugianto
Net Worth: $1.2 billion
Eddy Sugianto’s affiliation with the Djarum Group, a major conglomerate, highlights his role in the diversification of the company’s portfolio. The group’s expansion into sectors like telecommunications and banking underlines Sugianto’s strategic vision for growth and innovation. He is one of the top richest persons in Indonesia.
34. Edwin Soeryadjaya
Net Worth: $1.2 billion
Edwin Soeryadjaya’s co-founding of the Saratoga Group signifies his commitment to investment and development across sectors. The group’s contributions to infrastructure, natural resources, and consumer goods showcase Soeryadjaya’s dedication to shaping Indonesia’s economic landscape. He is one of the top richest persons in Indonesia.
35. Jerry Ng
Net Worth: $1.2 billion
Jerry Ng’s influence in Bali’s tourism sector is marked by his involvement in the Ngurah Rai International Airport’s development. His role in enhancing transportation infrastructure has contributed to Bali’s popularity as a global tourist destination, fostering economic growth and cultural exchange. He is one of the top richest persons in Indonesia.
36. Marina Budiman
Net Worth: $1.1 billion
Marina Budiman’s connection to the Budimulia Group reflects her family’s contributions to property development and hospitality. The group’s projects, including hotels and real estate developments, have enriched Indonesia’s tourism and real estate sectors. He is one of the top richest persons in Indonesia.
37. Alexander Tedja
Net Worth: $1.1 billion
Alexander Tedja’s entrepreneurial spirit is evident through his establishment of the Pakuwon Group, which has become synonymous with major retail and commercial developments. The group’s creation of shopping malls and mixed-use developments has reshaped urban experiences and modernized commercial spaces. He is one of the top richest persons in Indonesia.
38. Husodo Angkosubroto & family
Net Worth: $1.1 billion
Husodo Angkosubroto’s association with the Ancora Group underscores his involvement in energy and natural resources. The group’s investments have contributed to Indonesia’s energy security and economic progress, demonstrating his commitment to resource sustainability. He is one of the top richest persons in Indonesia.
39. Hary Tanoesoedibjo
Net Worth: $1.09 billion
Hary Tanoesoedibjo’s multidimensional ventures, including media and hospitality under the MNC Group, showcase his dynamic business approach. His influence extends to entertainment, finance, and tourism, making him a notable figure in Indonesia’s business and media landscape. He is one of the top richest persons in Indonesia.
40. Husian Djojonegoro & family
Net Worth: $1.08 billion
Husian Djojonegoro’s engagement with the Petrosea Group signifies his family’s involvement in engineering, construction, and mining services. The group’s contributions have supported Indonesia’s infrastructure development and natural resource industries. He is one of the top richest persons in Indonesia.
41. Ghan Djoe Hiang
Net Worth: $1.07 billion
Ghan Djoe Hiang’s leadership as the founder of Mayora Group has resulted in a company that produces a wide range of consumer goods. Mayora’s products, such as biscuits, candies, and coffee, have become household names in Indonesia and have gained popularity internationally. His vision for providing quality products has contributed to the growth of the consumer goods sector in Indonesia. He is one of the top richest persons in Indonesia.
42. Winarko Sulistyo
Net Worth: $1.06 billion
Winarko Sulistyo’s association with the Wings Group highlights his involvement in producing essential consumer products. The group’s diverse portfolio includes personal care items, hygiene products, and cleaning supplies, which are integral to daily life for many Indonesians. He is one of the top richest persons in Indonesia.
43. Manoj Punjabi
Net Worth: $1.05 billion
Manoj Punjabi’s role in founding Adaro Energy has significantly impacted Indonesia’s energy sector. Adaro Energy is one of the largest coal mining companies in Indonesia and has contributed to the country’s energy supply and global coal trade. His entrepreneurship has been instrumental in driving growth in the energy and mining industries. He is one of the top richest persons in Indonesia.
44. Marina Budiman
Net Worth: $1.04 billion
Marina Budiman’s contributions to the Budimulia Group’s real estate endeavors have helped shape Indonesia’s urban landscape. The group’s focus on property development and hospitality has provided people with modern living spaces and leisure facilities. He is one of the top richest persons in Indonesia.
45. Haryanto Tjiptodihardjo
Net Worth: $1.02 billion
Haryanto Tjiptodihardjo’s association with Astra Agro Lestari has made a significant impact in the palm oil industry. The company’s sustainable practices and efforts in responsible palm oil production have contributed to Indonesia’s standing as a leading palm oil producer. He is one of the top richest persons in Indonesia.
46. Sudhamek Agoeng Waspodo Soenjoto & family
Net Worth: $1 billion
Sudhamek Agoeng Waspodo Soenjoto’s role in PT Media Nusantara Citra Tbk (MNC) has influenced the media landscape of Indonesia. MNC’s broadcasting and media ventures have shaped public discourse and entertainment, reaching millions of Indonesians. He is one of the top richest persons in Indonesia.
47. Alexander Tedja
Net Worth: $955 million
Alexander Tedja’s entrepreneurial spirit is evident in the success of the Pakuwon Group. The group’s developments, including shopping malls and commercial spaces, have transformed urban centers and created hubs for commerce and leisure. He is one of the top richest persons in Indonesia.
48. Sjamsul Nursalim
Net Worth: $940 million
Sjamsul Nursalim’s involvement in the Salim Group has contributed to multiple sectors of Indonesia’s economy. The conglomerate’s diverse businesses, from food and agriculture to banking and infrastructure, have played a role in driving economic growth and development. He is one of the top richest persons in Indonesia.
49. Eddy Katuari & family
Net Worth: $930 million
Eddy Katuari’s association with the Wings Group highlights his family’s contributions to producing consumer goods that are part of daily life for many Indonesians. Their products have become integral to households and have contributed to the consumer goods sector’s development. He is one of the top richest persons in Indonesia.
50. Han Arming Hanafia
Net Worth: $885 million
Together with Otto Toto Sugiri and Marina Budiman, Han Arming Hanafia cofounded DCI Indonesia in 2011. The business runs more data centers than any other in Indonesia. Hanafia holds modest holdings in the listed internet service company Indonet and DCI Indonesia. His source of wealth is data centers, and mostly self-made. Han lives in Bogor, Indonesia and have a citizenship of Indonesia. He is one of the top richest persons in Indonesia.
Conclusion
In the realm of Indonesia’s economic landscape, the list of the “Top 50 Richest Persons in Indonesia” stands as a vivid portrayal of the nation’s potential and ambition. The collective wealth of these individuals underscores the remarkable opportunities that Indonesia offers, while their diverse industries reflect the multifaceted nature of the country’s economic growth.
As Indonesia continues to evolve as an economic powerhouse in Southeast Asia and beyond, the accomplishments of these visionary tycoons serve as a testament to the nation’s unwavering spirit of enterprise and innovation. The top 50 richest persons in Indonesia not only illuminate Indonesia’s present achievements but also herald an exciting and prosperous future for this captivating archipelago.
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