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 person’s 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 year’s list.
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
1. Eka Tjipta Widjaja, 88
Sinar Mas Group
Plantations, pulp and paper, mining,
properties, banking
2. Budi Hartono, 70
and Michael Hartono, 71
Djarum
Cigarettes, banking, electronics
3. Anthony Salim, 62
Salim Group/First Pacific
Food, plantations, telecommunications, industry
4. Martua Sitorus, 51
Wilmar International Holding
Plantations
5. Aburizal Bakrie, 64
Bakrie Group
Coal Mining, plantations, infrastructure, property
6. Dato Low Tuck Kwong, 62
Bayan Resources
Coal mining
7. Putra Sampoerna, 61
Sampoerna Strategic
Plantations, online gambling
8. Sukanto Tanoto, 61
Royal Golden Eagle
Pulp and paper, plantations, energy
9. Peter Sondakh, 59
Rajawali Group
Investments, mining
10. Susilo Wonowidjojo, 55
Gudang Garam
Cigarettes
11. Samin Tan, 49
Borneo Lumbung Energy and metals
Mining, investment
12. Theodore P Rahmat, 67
Triputra Group, Adaro
Coal Mining, plantations, investments
13. Kiki Barki, 72
Tanito Harum Group
Coal Mining
14. William Katuari, 60
Wings Group
Consumer goods, chemicals
15. Mochtar Riady, 82
Lippo Group
Banking and finance, diversified property, fashion
and food retailing, healthcare, multi-media
NETWORTH
$12
GlobeAsia
2010
Rich list
Networth
#2
billion
$4 billion
$11.5
#1
billion
$4.8 billion
$8
#3
billion
$3.6 billion
$4
#5
billion
$2.5 billion
$3.8
#4
billion
$2.6 billion
$3.7
#8
billion
$2.5
billion
$2
billion
$1.9
billion
$1.9
billion
$1.4 billion
#6
$2.4 billion
#7
$1.8 billion
#9
$1.3 billion
#13
$890 million
$1.8
billion
$1.7
NETWORTH
16. Edwin Soeryadjaya, 62
$1.25
Adaro/Saratoga Capital
Coal mining, investments
17. Tahir, 59
Mayapada Banking Group
Duty-free retailing, banking, property
18. Sri Prakash Lohia, 58
Indorama Textiles
$620 million
$1.6
#46
billion
$345 million
$1.45
#10
billion
$1.3 billion
$1.3
#14
$805 million
billion
$1.15
19. Teddy Thohir, 76
and Garibaldi Thohir, 45
$1.1
Adaro Energy, Trinugraha
Coal mining, investment
20. Murdaya Poo, 70
and Siti Hartati Murdaya, 65
Central Cipta Murdaya
Property, power plant, trading
21. Prajogo Pangestu, 60
Barito Pacific
Petrochemicals, energy
22. Agus L Sudwikatmono, 40
Indika Energy
Coal Mining, investments.
23. Hashim Djojohadikusumo, 57
Tirtamas Group
Oil, petrochemicals, pulp and paper, plantations
24. Chairul Tanjung, 49
CT Corporation, Bank Mega
Banking, TV media, fashion retailing, property
25. Mu’min Ali Gunawan, 72
Panin Group
Kalbe Farma
Pharmaceuticals
29. Sjamsul Nursalim, 69
Gajah Tunggal
Tires, retail, property
30. Trihatma K Haliman, 59
Agung Podomoro Group
Property
#15
$805 million
$980
million
$910
#12
million
$950 million
$900
$750 million
million
$880
$860
28. Boenjamin Setiawan, 78
$1.1billion
$1.05
26. Arifin Panigoro, 65
and Hilmi Panigoro, 55
Property
#11
billion
million
Ciputra Group
$400 million
$1.1
billion
#34
$412 million
#38
billion
Banking, Insurance, property
27. Ciputra, 80
#16
$800 million
$1.15
billion
Energy
#22
billion
Textiles, petrochemicals
Medco International
billion
billion
NAME
GlobeAsia
2010
Rich list
Networth
million
$790
million
$770
million
$760
million
$750
million
#17
#26
$562 million
#19
$680 million
#27
$560 million
#25
$571 million
#31
$430 million
#18
$685 million
June 2011 GlobeAsia 45
NAME
NETWORTH
GlobeAsia
2010
Rich list
Networth
31. Aksa Makhmud, 66
$750
#23
Bosowa Corporation
Cement, infrastructure, trading, energy
32. Harry Tanoesoedibjo, 46
Bhakti Investama/Global Mediacom
Multimedia, TV, satellite TV, securities
33. Suryadi Darmadi, 61
Duta Palma Nusantara Group
Palm oil plantations
34. Wiwoho B Tjokronegoro, 71
Indika Energy
Coal mining, supplies
35. Rusdi Kirana, 48
Lion Group
Commercial airline
36. Sugianto Kesuma, 60
Agung Sedayu/Bank Artha Graha
million
$619 million
$710
#20
million
$640 million
$680
#47
million
$336 million
$680
#64
million
$239 million
$660
#28
million
$520 million
$650
#21
Property, banking
million
37. Martias, 73
and Tjiliandra Fangiono, 35
$650
First Reseources
Plantation
38. Sandiaga Uno, 42
Saratoga, ReCapital
Private equity, investment
39. Surjadinata Sumantri, 61
Renaissance Capital/Borneo Lumbung Energy
million
$645
million
Private equity, Investments.
40. Hariyanto Adikoesomo, 66
$620
Oil trading, distributions, chemicals
41. Jogi Hendra Atmaja, 65
Mayora Group
Food, biscuits
42. Jakob Oetama, 80
Kompas Gramedia Group
Print Media, TV, hotels, bookstores
43. Gunawan Jusuf, 57
Sugar Group
Sugar plantations, refineries, distributions, bioenergy
44. Husain Djojonegoro, 62
ABC/Orang Tua Group
Consumer goods
45. Osbert Lyman, 61
Lyman/Satya Djaja Raya Group
Property, timber
46 GlobeAsia June 2011
#30
$460 million
#57
$269 million
million
$610
46. Tommy Winata, 53
$570
Artha Graha Group
Banking, hotels, agribusiness
million
47. George Tahija, 53
and Sjakon Tahija, 58
$560
Austindo Nusa Nusantara Jaya
Natural resources
48. Bachtiar Karim, 54
Musim Mas
#53
#61
$257 million
$605
#36
million
$405 million
$600
#44
million
$357 million
$580
#29
million
$490 million
$575
#24
$580 million
$555
million
49. Hartadi Angkosubroto, 57
and Husodo Angkosubroto, 55
$550
Gunung Sewu Group
Pineapple plantations, property, life insurance
50. Eddy Sariaatmadja, 59
SCTV
TV Media, ICT, Minerals, Investments
51. Alexander Tedja, 66
Pakuwon Group
Shopping malls, hotels, property
52. Yusuf Merukh, 75
Merukh Entreprise
Mining Concessions, property
53. Eka Tjandranegara, 64
Mulia Group
Hotel, office buildings, building materials
Hotels, property
$296million
million
Plantations
Jan Darmadi Group
million
million
NETWORTH
54. Jan Darmadi, 70
$625
million
AKR Corporindo
$625 million
NAME
55. Hutomo Mandala Putra, 49
Humpuss
Shipping, property, Investments
56. Sutjipto Nagaria, 71
Sumarecon
Property
57. Ibrahim Risjad, 77
Risjadson Group
Agribusiness, energy, investments
58. John Chuang, 62
Petra Foods Ltd.
Agribusiness, energy, investments
59. Adyansyah Masrin, 91
Lautan Luas Group
million
$550
million
$520
million
$515
million
$510
million
$505
million
$500
million
$485
million
$469
million
$445
million
$440
Chemicals, paper, trading
million
60. Kartini Muljadi, 81
and Handojo Slamet Muljadi, 47
$432
Tempo Group
Pharmaceuticals, cosmetics
million
GlobeAsia
2010
Rich list
Networth
#35
$409 million
#39
$383 million
#33
$412 million
#43
$360 million
#52
$302 million
#83
$150 million
#32
$416 million
#37
$403 million
#42
$365 million
#56
$278 million
#48
$326 million
#106
$112 million
#41
$370 million
#40
$372 million
NETWORTH
61. Handojo Santoso, 47
$430
#58
Ometraco/Japfa Comfeed
Animal feed
62. Tan Siong Kie, 95
Rodamas Group
Manufacturing, flat glass
63. The Nin King, 79
Argo Pantes
Textiles, steel trading, property
64. Paulus Tumewu, 59
Ramayana Group
Retailing, property
65. Sudhamek, 55
Garuda Food
Food
66. Tan Kian, 53
Dua Mutiara
Textiles, hotels, property
67. Sutanto Djuhar, 82
First Pacific
Property, telecommunications, investments
68. Subianto Tjandra, 67
Ateja Group
Textiles, property
69. Sofjan Wanandi, 67
Gemala Santini
Batteries, automotive parts, trading
70. Henry Pribadi, 64
Napan Group
Mining concessions, manufacturing, investments
71. Ginawan Tjondro, 57
Citra Nusa Insan Cemerlang
Property
72. Dahlan Iskan,60
Jawa Pos Group
Newspapers, TV, energy
73. Soegiharto Sosrodjoyo, 77
Sosro Group
Beverages, food, property
74. Benny Subianto, 69
Bhakti Energi Persada
Mining, investments
75. Yos Sutomo, 77
Sumber Mas
Timber
48 GlobeAsia June 2011
million
$267 million
$420
#51
million
$305 million
$410
#59
million
$262 million
$400
#50
million
$322 million
$385
#68
million
$218 million
$380
#45
million
$375
million
$350
million
$319
million
$310
million
$305
$350 million
#79
$182 million
#49
$325 million
#55
$278 million
#118
$92 million
#65
million
$237 million
$305
#71
million
$214 million
$302
#67
million
$222 million
$300
#93
million
$131 million
$292
#62
million
$256 million
NAME
NETWORTH
76. Kris Taenar Wiluan, 62
$289
Citra Mas Group
Energy, manufacturing
77. Benjamin Jiaravanon, 39
Charoen Pokphan Indonesia
Animal feed
78. Hendro Setiawan, 58
Pikko Group
Property, investments
79. Jahja Santoso, 66
Sanbe Farma
Pharmaceuticals, trading, hotel
80. AHK Hamami, 75
Trakindo Utama
Heavy equipment, energy,
81. Honggo Wendratno, 63
Asrari Pratama
Energy, petrochemical
82. Rudy Suliawan, 60
Karang Mas Sejahtera
Hotel, property
83. Muljadi Budiman, 55
Honda Prospect Motor
Automotive distribution
84. Djoko Susanto, 61
Alfa Retailindo
Convenience stores, distribution
85. Oesman Sapta Odang, 61
Oso International Group
Mining, agribusiness, hotels, property, investments
86. Didi Dawis, 65
Ling Brothers
Trading, property
87. Djoenaedi Joesoef, 78
Konimex
Pharmaceuticals
88. Johan Lensa, 61
Intiland Development
Property
89. Putra Masagung, 51
Gunung Agung
Hotel, property, construction, bookstores
90. Tatang Hermawan, 60
PT Bank Prahyangan
Textiles, property, hotels
million
GlobeAsia
2010
Rich list
Networth
#73
$210 million
$260
million
$255
million
$253
million
$250
million
$245
million
$242
million
$242
million
$240
million
$235
million
$233
million
$231
million
$230
million
$230
million
$225
million
#84
$152 million
#97
$129 million
#69
$215 million
#70
$215 million
#72
$211 million
#74
$205 million
#81
$173 million
#78
$183 million
#66
$230 million
#75
$201 million
#63
$240 million
#129
$89 million
#60
$259 million
MOH. DEFRIZAL
NAME
GlobeAsia
2010
Rich list
Networth
NAME
NETWORTH
GlobeAsia
2010
Rich list
Networth
91. Luntungan Honoris, 62
$220
#143
Modern Group
Land-banking, property, trading, film distribution
92. Hendro Gondokusumo, 61
Intiland
Property
93. Suryadharma Paloh, 60
Media Indonesia/Metro
TV, Newspapers
94. Chandra Lie, 47
Sriwijaya Air
Airlines
95. Rosan Roeslani, 42
ReCapital
Private equity, investments
96. Siswono Judo Husodo, 68
Bangun Cipta Sarana
Infrastructure, property businesses
97. Alim Markus, 60
Maspion Group
Housewares
98. Hadi Surya, 75
Berlian Laju Tangker
Shipping
99. Benny Suherman, 64
Studio 21 Group
Cinema chain
100. Sukamdani Gitosardjono, 83
Sahid Group
Hotels, property
101. Dick Gelael, 77
Fast Food Indonesia
Kentucky Fried Chicken franchise, supermarket
102. Pontjo Sutowo, 61
Nugra Sentana Group
Hotels, property
103. Henry Onggo, 78
Ratu Sayang Group
Property
104. Benjamin Soeryadjaya, 80
Surya Internusa
Hotels, property
105. Kaharuddin Ongko, 74
Ongko Group
Property, ceramics
million
$78 million
$215
#131
million
$87 million
$206
#101
million
$120 million
$200
#76
million
$194 million
$200
#134
million
$85 million
$197
#77
million
$195
million
$185
$187 million
#90
$136 million
#80
million
$181 million
$185
#104
million
$182
million
$178
$116 million
#95
$130 million
#128
million
$89 million
$176
#92
million
$132 million
$175
#82
million
$170 million
$165
#119
million
$92 million
$160
#144
million
$74 million
NAME
NETWORTH
106. Sigit Harjojudanto, 60
$150
Humpuss
Investment, transportation
107. Jusuf Kalla, 69
Kalla Group
Trading, heavy industry, shipping
108. Sendi Bingei, 82
Sumatra Tobacco Trading
Tobacco, food
109. Anna B Mathovani, 57
Kirana Tanker
Shipping
110. Airlangga Hartarto, 49
Fajar Wisesa
Engineering, chemicals, manufacturing
111. Tan Tjai Kie, 57
Gunung Garuda Steel
Manufacturing, mining
112. Bambang Trihatmodjo, 58
Asriland
Property
113. Mardjoeki Atmadiredja, 63
Surya Toto Indonesia
million
$150
million
$142
million
$140
million
$140
million
$134
million
$132
million
$131
Sanitary ware
million
114. Sri Sultan
Hamengkubuwono X, 65
$130
Sultan Of Yogyakarta
Property
115. A Tong, 65
Roda Vivatex
Textiles
116. Budi Purnomo Hadisurjo, 74
Optic Melawai
Optical Stores, restaurants
117. Sugianto, 65
Metro Garmin Group
Textiles
118. Johanes B Kotjo, 65
Apac Group
Textiles and diversified business
119. Rudy Unjoto, 62
Daliatex Kusuma
million
$125
million
$124
million
$116
million
$116
million
$114
Textiles
million
120. Batihalim, Djuhadi
and Pamudji
$113
PT Nojorono Tobacco
Cigarettes
million
GlobeAsia
2010
Rich list
Networth
#85
$142 million
#86
$140 million
#88
$138 million
#87
$138 million
#89
$136 million
#91
$132 million
#94
$131 million
#96
$130 million
#98
$126 million
#99
$124 million
#100
$120 million
#102
$118 million
#105
$114 million
#103
$116 million
#107
$110 million
June 2011 GlobeAsia 49
NAME
NETWORTH
GlobeAsia
2010
Rich list
Networth
121. Iskandar Widyadi, 74
$111
#108
Bank Jasa Jakarta
Banking
122. Joe Kamdani, 75
Datascript
million
$108
Office equipment, digital technology
million
123. Ilham Habibie, 48
and Thareq Habibie, 46
$108
Ilthabi Rekatama
Diversified business
124. Soedjono, 62
Wira Sakti Adimulya
Property
125. Stanley S Atmadja, 55
Asco Automotive
Autofinance, mining, agriculture, property
126. Sugiono W Sugialam, 48
Trikomsel
Electronics
127. Karmaka Surjaudaja, 77
OCBC NISP
Banking
128. Boyke Gozali, 61
Mitra Adi Perkasa
Property, hotels, trading
129. Siti Hardijanti Rukmana, 62
Citra Lamtoro Gung Persada
Toll roads, entertainment
130. Fajar Suhendra, 59
Sumatra Growth Group
Steel
131. Rachmat Gobel, 49
Gobel International
Electronics
132. Bambang Setijo, 69
Pan Brothers
Textiles
133. MS Hidayat, 58
MSH Group
Property
134. Setiawan Djody, 62
Setdco Group
Shipping, oil and gas
135. Jacobus Busono, 71
Pura Group
Printing
50 GlobeAsia June 2011
million
$103
million
$102
million
$102
million
$100.8
$109 million
#109
$106.5
million
#110
$106 million
#111
$104 million
#112
$101.5
million
#113
$101 million
#114
million
$100.5
million
$100
#132
million
$86 million
$97
#115
million
$95 million
$95
#126
million
$90 million
$94
#120
million
$92 million
$93
#127
million
$90 million
$92.5
#116
million
$92.5
million
$92
million
$92.5 million
#121
$92 million
#122
$91 million
NAME
136. Raam Punjabi, 68
Multivision Plus
Entertainment
137. Purnomo Prawiro, 64
Blue Bird
Transportation
138. Marimutu Maniwanen, 56
Busana Apparel Group
Textiles
139. A Siang Rusli, 49
Kurnia Tetap Mulia
Entertainment, property
140. Boedi Mranata, 59
Adipurna Mranata Jaya
Bird’s nest, food and beverage
141. Mintardjo Halim, 56
Sandratex
Textiles
142. Ishak Charlie, 57
Kurnia Tetap Mulia
Hotels, palm oil
143. GS Margono, 71
Gapura Prima
Property
144. Usman Admajaya, 66
Investment company
Investment
145. Widarto, 66
Sungai Budi Group
Agribusiness
146. G Lukman Pudjiadi, 54
Jayakarta Group
Property, hotels
147. Atang Latief, 85
Group Atang Latief
Investment
148. Supramu Santosa, 63
Supreme Energy
Energy, geothermal
149. Rahmat M Suryahusada, 67
Bank Bumi Artha
Banking
150. Awong Hidjaja, 60
Panasia Group
Textiles, banking
NETWORTH
$92
million
$91
million
$90.5
million
$90
million
$90
million
$90
million
$88
million
$87
million
$86
million
$86
million
$85
million
$83
million
$83
million
$76
million
$70
million
GlobeAsia
2010
Rich list
Networth
#123
$91 million
#135
$85 million
#125
$90 million
#130
$88 million
#133
$85 million
#117
$92 million
#124
$90 million
#137
$83 million
#138
$84 million
#139
$82 million
#140
$82 million
#136
$84.6 million
#141
$80 million
#145
$71 million
#146
$69 million
