the numbers and headlines
By SK Zainuddin
ow does one really measure net worth? Given that there are so many such lists floating around, the reader is entitled to ask how accurately do they reflect a persons true wealth? At GlobeAsia, our 150 Richest Indonesians list has been painstakingly put together by a team of dedicated journalists who have burrowed deep and searched widely to arrive at an accurate number. We have not only undertaken research, but interviewed people who have either a working relationship with the individuals listed or who have at one time or another done business with them. What we have done therefore is to try and get a sense of the true net worth of the people on our list. The easiest way to go about doing this list would be to calculate the shareholdings of these individuals in the companies they own. But there are times when share prices do not represent their true worth. There are times when we have to go behind the numbers and headlines to get a true sense of just how much a person is worth. Often the challenge is not ascertaining the value of their assets as these numbers are publicly available. It is to accurately determine how large their debts are as Indonesia still has a large informal debt market where people borrow from one another by issuing commercial paper without proper scrutiny. Often, these types of loans can be significant and if not taken into account, they will distort the net worth of an individual. At GlobeAsia, we have taken many of these factors into consideration in putting together this years list.
Going behind
The 2011 GlobeAsiA 150 Rich lisT was compiled by sK Zainuddin, yanto sugiarto, Keith loveard, albertus weldison nonto, ardhian novianto, Jacqueline wales, Katie lamb and sashia samira.
44
GlobeAsia June 2011
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
1. Eka Tjipta Widjaja, 88
SiNar MaS Group
Plantations, pulp and paper, mining, properties, banking
billion
$12
$4 billion
#2
16. Edwin Soeryadjaya, 62
aDaro/SaratoGa capital
$1.25
billion
Coal mining, investments
$800 million
#16
2. Budi Hartono, 70 and Michael Hartono, 71
DjaruM
$11.5
billion
Cigarettes, banking, electronics
$4.8 billion
#1 #3 #5 #4 #8 #6 #7 #9
17. Tahir, 59
MayapaDa BaNkiNG Group
$1.15
billion
Duty-free retailing, banking, property
3. Anthony Salim, 62
SaliM Group/FirSt paciFic
Food, plantations, telecommunications, industry
billion
$8 $4
18. Sri Prakash Lohia, 58
iNDoraMa textileS
$3.6 billion
$1.15
billion
Textiles, petrochemicals
$412 million
#34 #38 #11 #15
4. Martua Sitorus, 51
wilMar iNterNatioNal holDiNG
Plantations
billion
19. Teddy Thohir, 76 and Garibaldi Thohir, 45
aDaro eNerGy, triNuGraha
$2.5 billion
$1.1
billion
Coal mining, investment
$400 million
5. Aburizal Bakrie, 64
Bakrie Group
$3.8
billion
20. Murdaya Poo, 70 and Siti Hartati Murdaya, 65
ceNtral cipta MurDaya
Coal Mining, plantations, infrastructure, property
$2.6 billion
$1.1
billion
Property, power plant, trading
$1.1billion
6. Dato Low Tuck Kwong, 62
BayaN reSourceS
$3.7
billion
21. Prajogo Pangestu, 60
Barito paciFic
Coal mining
$1.4 billion
$1.05
billion
Petrochemicals, energy
$805 million
7. Putra Sampoerna, 61
SaMpoerNa StrateGic
$2.5
billion
22. Agus L Sudwikatmono, 40
iNDika eNerGy
Plantations, online gambling
$2.4 billion
$980
million
Coal Mining, investments.
8. Sukanto Tanoto, 61
royal GolDeN eaGle
Pulp and paper, plantations, energy
billion
$2
23. Hashim Djojohadikusumo, 57
tirtaMaS Group
$1.8 billion
$910
million
Oil, petrochemicals, pulp and paper, plantations
$950 million
#12 #17 #26 #19 #27 #25 #31 #18
9. Peter Sondakh, 59
rajawali Group
$1.9
billion
24. Chairul Tanjung, 49
ct corporatioN, BaNk MeGa
Investments, mining
$1.3 billion
$900
million
Banking, TV media, fashion retailing, property
$750 million
10. Susilo Wonowidjojo, 55
GuDaNG GaraM
$1.9
billion
Cigarettes
$890 million
#13
25. Mumin Ali Gunawan, 72
paNiN Group
$880
million
Banking, Insurance, property
$562 million
11. Samin Tan, 49
BorNeo luMBuNG eNerGy aND MetalS
$1.8
billion
26. Arifin Panigoro, 65 and Hilmi Panigoro, 55
MeDco iNterNatioNal
$860
million
Mining, investment
Energy
$680 million
12. Theodore P Rahmat, 67
triputra Group, aDaro
$1.7
billion
Coal Mining, plantations, investments
$620 million
#22 #46 #10 #14
27. Ciputra, 80
ciputra Group
$790
million
Property
$560 million
13. Kiki Barki, 72
taNito haruM Group
$1.6
billion
28. Boenjamin Setiawan, 78
kalBe FarMa
Coal Mining
$345 million
$770
million
Pharmaceuticals
$571 million
14. William Katuari, 60
wiNGS Group
$1.45
billion
29. Sjamsul Nursalim, 69
Gajah tuNGGal
Consumer goods, chemicals
$1.3 billion
$760
million
Tires, retail, property
$430 million
15. Mochtar Riady, 82
lippo Group
Banking and finance, diversified property, fashion and food retailing, healthcare, multi-media
$1.3
billion
30. Trihatma K Haliman, 59
aGuNG poDoMoro Group
$805 million
$750
million
Property
$685 million
June 2011 GlobeAsia
45
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
31. Aksa Makhmud, 66
BoSowa corporatioN
$750
million
Cement, infrastructure, trading, energy
$619 million
#23 #20 #47 #64 #28 #21 #30 #57
46. Tommy Winata, 53
artha Graha Group
$570
million
Banking, hotels, agribusiness
32. Harry Tanoesoedibjo, 46
Bhakti iNveStaMa/GloBal MeDiacoM
$710
million
47. George Tahija, 53 and Sjakon Tahija, 58
auStiNDo NuSa NuSaNtara jaya
Multimedia, TV, satellite TV, securities
$640 million
$560
million
Natural resources
$409 million
#35 #39 #33 #43 #52 #83 #32 #37 #42 #56 #48
33. Suryadi Darmadi, 61
Duta palMa NuSaNtara Group
$680
million
48. Bachtiar Karim, 54
MuSiM MaS
Palm oil plantations
$336 million
$555
million
Plantations
$383 million
34. Wiwoho B Tjokronegoro, 71
iNDika eNerGy
$680
million
49. Hartadi Angkosubroto, 57 and Husodo Angkosubroto, 55
GuNuNG Sewu Group
Coal mining, supplies
$239 million
$550
million
Pineapple plantations, property, life insurance
$412 million
35. Rusdi Kirana, 48
lioN Group
$660
million
50. Eddy Sariaatmadja, 59
Sctv
Commercial airline
$520 million
$550
million
TV Media, ICT, Minerals, Investments
$360 million
36. Sugianto Kesuma, 60
aGuNG SeDayu/BaNk artha Graha
$650
million
51. Alexander Tedja, 66
pakuwoN Group
Property, banking
$625 million
$520
million
Shopping malls, hotels, property
$302 million
37. Martias, 73 and Tjiliandra Fangiono, 35
FirSt reSeourceS
$650
million
52. Yusuf Merukh, 75
Merukh eNtrepriSe
Plantation
$460 million
$515
million
Mining Concessions, property
$150 million
38. Sandiaga Uno, 42
SaratoGa, recapital
$645
million
53. Eka Tjandranegara, 64
Mulia Group
Private equity, investment
$269 million
$510
million
Hotel, office buildings, building materials
$416 million
39. Surjadinata Sumantri, 61
reNaiSSaNce capital/BorNeo luMBuNG eNerGy
$625
million
54. Jan Darmadi, 70
jaN DarMaDi Group
$505
million
Private equity, Investments.
Hotels, property
$403 million
40. Hariyanto Adikoesomo, 66
akr corporiNDo
$620
million
Oil trading, distributions, chemicals
$296million
#53 #61 #36 #44 #29 #24
55. Hutomo Mandala Putra, 49
huMpuSS
$500
million
Shipping, property, Investments
$365 million
41. Jogi Hendra Atmaja, 65
Mayora Group
$610
million
56. Sutjipto Nagaria, 71
SuMarecoN
Food, biscuits
$257 million
$485
million
Property
$278 million
42. Jakob Oetama, 80
koMpaS GraMeDia Group
$605
million
57. Ibrahim Risjad, 77
riSjaDSoN Group
Print Media, TV, hotels, bookstores
$405 million
$469
million
Agribusiness, energy, investments
$326 million
43. Gunawan Jusuf, 57
Sugar Group Sugar plantations, refineries, distributions, bioenergy
$600
million
58. John Chuang, 62
petra FooDS ltD.
$357 million
$445
million
Agribusiness, energy, investments
$112 million
#106 #41 #40
44. Husain Djojonegoro, 62
aBc/oraNG tua Group
$580
million
59. Adyansyah Masrin, 91
lautaN luaS Group
Consumer goods
$490 million
$440
million
Chemicals, paper, trading
$370 million
45. Osbert Lyman, 61
lyMaN/Satya Djaja raya Group
$575
million
60. Kartini Muljadi, 81 and Handojo Slamet Muljadi, 47
teMpo Group
Property, timber
$580 million
$432
million
Pharmaceuticals, cosmetics
$372 million
46
GlobeAsia June 2011
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
61. Handojo Santoso, 47
oMetraco/japFa coMFeeD
$430
million
Animal feed
$267 million
#58 #51 #59 #50 #68 #45 #79 #49 #55
76. Kris Taenar Wiluan, 62
citra MaS Group
$289
million
Energy, manufacturing
$210 million
#73
62. Tan Siong Kie, 95
roDaMaS Group
$420
million
77. Benjamin Jiaravanon, 39
charoeN pokphaN iNDoNeSia
Manufacturing, flat glass
$305 million
$260
million
Animal feed
63. The Nin King, 79
arGo paNteS
$410
million
78. Hendro Setiawan, 58
pikko Group
Textiles, steel trading, property
$262 million
$255
million
Property, investments
$152 million
#84 #97 #69 #70 #72 #74 #81 #78 #66 #75 #63
64. Paulus Tumewu, 59
raMayaNa Group
$400
million
79. Jahja Santoso, 66
SaNBe FarMa
Retailing, property
$322 million
$253
million
Pharmaceuticals, trading, hotel
$129 million
65. Sudhamek, 55
GaruDa FooD
$385
million
80. AHK Hamami, 75
trakiNDo utaMa
Food
$218 million
$250
million
Heavy equipment, energy,
$215 million
66. Tan Kian, 53
Dua Mutiara
$380
million
81. Honggo Wendratno, 63
aSrari prataMa
Textiles, hotels, property
$350 million
$245
million
Energy, petrochemical
$215 million
67. Sutanto Djuhar, 82
FirSt paciFic
$375
million
82. Rudy Suliawan, 60
karaNG MaS Sejahtera
Property, telecommunications, investments
$182 million
$242
million
Hotel, property
$211 million
68. Subianto Tjandra, 67
ateja Group
$350
million
83. Muljadi Budiman, 55
hoNDa proSpect Motor
Textiles, property
$325 million
$242
million
Automotive distribution
$205 million
69. Sofjan Wanandi, 67
GeMala SaNtiNi
$319
million
84. Djoko Susanto, 61
alFa retailiNDo
Batteries, automotive parts, trading
$278 million
$240
million
Convenience stores, distribution
$173 million
70. Henry Pribadi, 64
NapaN Group
$310
million
Mining concessions, manufacturing, investments
$92 million
#118 #65 #71 #67 #93 #62
85. Oesman Sapta Odang, 61
oSo iNterNatioNal Group
$235
million
Mining, agribusiness, hotels, property, investments
$183 million
71. Ginawan Tjondro, 57
citra NuSa iNSaN ceMerlaNG
$305
million
86. Didi Dawis, 65
liNG BrotherS
Property
$237 million
$233
million
Trading, property
$230 million
72. Dahlan Iskan,60
jawa poS Group
$305
million
87. Djoenaedi Joesoef, 78
koNiMex
Newspapers, TV, energy
$214 million
$231
million
Pharmaceuticals
$201 million
73. Soegiharto Sosrodjoyo, 77
SoSro Group
$302
million
88. Johan Lensa, 61
iNtilaND DevelopMeNt
Beverages, food, property
$222 million
$230
million
Property
$240 million
74. Benny Subianto, 69
Bhakti eNerGi perSaDa
$300
million
89. Putra Masagung, 51
GuNuNG aGuNG
75. Yos Sutomo, 77
SuMBer MaS
$292
million
90. Tatang Hermawan, 60
pt BaNk prahyaNGaN
Timber
$256 million
$225
million
Textiles, property, hotels
$259 million
#60
48
GlobeAsia June 2011
moh. deFriZal
Mining, investments
$131 million
$230
million
Hotel, property, construction, bookstores
$89 million
#129
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
91. Luntungan Honoris, 62
MoDerN Group
$220
million
Land-banking, property, trading, film distribution
$78 million
#143 #131 #101 #76
106. Sigit Harjojudanto, 60
huMpuSS
$150
million
Investment, transportation
$142 million
#85 #86 #88 #87 #89 #91 #94 #96 #98 #99
92. Hendro Gondokusumo, 61
iNtilaND
$215
million
107. Jusuf Kalla, 69
kalla Group
Property
$87 million
$150
million
Trading, heavy industry, shipping
$140 million
93. Suryadharma Paloh, 60
MeDia iNDoNeSia/Metro
$206
million
108. Sendi Bingei, 82
SuMatra toBacco traDiNG
TV, Newspapers
$120 million
$142
million
Tobacco, food
$138 million
94. Chandra Lie, 47
Sriwijaya air
$200
million
109. Anna B Mathovani, 57
kiraNa taNker
Airlines
$194 million
$140
million
Shipping
$138 million
95. Rosan Roeslani, 42
recapital
$200
million
Private equity, investments
$85 million
#134 #77 #90 #80
110. Airlangga Hartarto, 49
Fajar wiSeSa
$140
million
Engineering, chemicals, manufacturing
$136 million
96. Siswono Judo Husodo, 68
BaNGuN cipta SaraNa
$197
million
111. Tan Tjai Kie, 57
GuNuNG GaruDa Steel
Infrastructure, property businesses
$187 million
$134
million
Manufacturing, mining
$132 million
97. Alim Markus, 60
MaSpioN Group
$195
million
112. Bambang Trihatmodjo, 58
aSrilaND
Housewares
$136 million
$132
million
Property
$131 million
98. Hadi Surya, 75
BerliaN laju taNGker
$185
million
113. Mardjoeki Atmadiredja, 63
Surya toto iNDoNeSia
Shipping
$181 million
$131
million
Sanitary ware
$130 million
99. Benny Suherman, 64
StuDio 21 Group
$185
million
Cinema chain
$116 million
#104 #95
114. Sri Sultan Hamengkubuwono X, 65
SultaN oF yoGyakarta
$130
million
Property
$126 million
100. Sukamdani Gitosardjono, 83
SahiD Group
$182
million
115. A Tong, 65
roDa vivatex
Hotels, property
$130 million
$125
million
Textiles
$124 million
101. Dick Gelael, 77
FaSt FooD iNDoNeSia
$178
million
Kentucky Fried Chicken franchise, supermarket
$89 million
#128 #92 #82
116. Budi Purnomo Hadisurjo, 74
optic Melawai
$124
million
Optical Stores, restaurants
$120 million
#100
102. Pontjo Sutowo, 61
NuGra SeNtaNa Group
$176
million
117. Sugianto, 65
Metro GarMiN Group
Hotels, property
$132 million
$116
million
Textiles
$118 million
#102 #105
103. Henry Onggo, 78
ratu SayaNG Group
$175
million
118. Johanes B Kotjo, 65
apac Group
Property
$170 million
$116
million
Textiles and diversified business
$114 million
104. Benjamin Soeryadjaya, 80
Surya iNterNuSa
$165
million
Hotels, property
$92 million
#119 #144
119. Rudy Unjoto, 62
Daliatex kuSuMa
$114
million
Textiles
$116 million
#103 #107
105. Kaharuddin Ongko, 74
oNGko Group
$160
million
120. Batihalim, Djuhadi and Pamudji
pt NojoroNo toBacco
Property, ceramics
$74 million
$113
million
Cigarettes
$110 million
June 2011 GlobeAsia
49
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
NAME
NETWORTH
GlObEAsiA 2010 RicH lisT Networth
121. Iskandar Widyadi, 74
BaNk jaSa jakarta
$111
million
Banking
$109 million
#108 #109
$106.5 million
136. Raam Punjabi, 68
MultiviSioN pluS
Entertainment
million
$92 $91
$91 million
#123 #135 #125 #130 #133 #117 #124 #137 #138 #139 #140 #136 #141 #145 #146
122. Joe Kamdani, 75
DataScript
$108
million
137. Purnomo Prawiro, 64
Blue BirD
Office equipment, digital technology
Transportation
million
$85 million
123. Ilham Habibie, 48 and Thareq Habibie, 46
ilthaBi rekataMa
$108
million
Diversified business
$106 million
#110 #111 #112
$101.5 million
138. Marimutu Maniwanen, 56
BuSaNa apparel Group
$90.5
million
Textiles
$90 million
124. Soedjono, 62
wira Sakti aDiMulya
$103
million
139. A Siang Rusli, 49
kurNia tetap Mulia
Property
$104 million
Entertainment, property
million
$90 $90 $90 $88 $87 $86 $86 $85 $83 $83 $76 $70
$88 million
125. Stanley S Atmadja, 55
aSco autoMotive
$102
million
140. Boedi Mranata, 59
aDipurNa MraNata jaya
Autofinance, mining, agriculture, property
Birds nest, food and beverage
million
$85 million
126. Sugiono W Sugialam, 48
trikoMSel
$102
million
Electronics
$101 million
#113 #114
$100.5 million
141. Mintardjo Halim, 56
SaNDratex
Textiles
million
$92 million
127. Karmaka Surjaudaja, 77
ocBc NiSp
$100.8
million
142. Ishak Charlie, 57
kurNia tetap Mulia
Banking
Hotels, palm oil
million
$90 million
128. Boyke Gozali, 61
Mitra aDi perkaSa
$100
million
Property, hotels, trading
$86 million
#132 #115 #126 #120 #127 #116 #121 #122
143. GS Margono, 71
Gapura priMa
Property
million
$83 million
129. Siti Hardijanti Rukmana, 62
citra laMtoro GuNG perSaDa
Toll roads, entertainment
million
$97 $95 $94 $93
144. Usman Admajaya, 66
iNveStMeNt coMpaNy
$95 million
Investment
million
$84 million
130. Fajar Suhendra, 59
SuMatra Growth Group
145. Widarto, 66
SuNGai BuDi Group
Steel
million
$90 million
Agribusiness
million
$82 million
131. Rachmat Gobel, 49
GoBel iNterNatioNal
146. G Lukman Pudjiadi, 54
jayakarta Group
Electronics
million
$92 million
Property, hotels
million
$82 million
132. Bambang Setijo, 69
paN BrotherS
147. Atang Latief, 85
Group ataNG latieF
Textiles
million
$90 million
Investment
million
$84.6 million
133. MS Hidayat, 58
MSh Group
$92.5
million
148. Supramu Santosa, 63
SupreMe eNerGy
Property
$92.5 million
Energy, geothermal
million
$80 million
134. Setiawan Djody, 62
SetDco Group
$92.5
million
149. Rahmat M Suryahusada, 67
BaNk BuMi artha
Shipping, oil and gas
$92 million
Banking
million
$71 million
135. Jacobus Busono, 71
pura Group
Printing
million
$92
150. Awong Hidjaja, 60
paNaSia Group
$91 million
Textiles, banking
million
$69 million
50
GlobeAsia June 2011
