Rows of the 50 richest people in RI have changed, there are 6 newcomers

Jakarta, CNBC Indonesia – The list of Indonesia’s richest people has changed.

According to a Forbes report, 22 tycoons have experienced an increase in their net worth. So that there is an update of data on the ranks of 50 conglomerates in Indonesia in the December 2022 edition.

Quoting its official website, the collective wealth of Indonesian conglomerates rose 11% to a record US$ 180 billion from US$ 162 billion last year.

The assets of a conglomerate that has a commodity export-based business are getting richer along with optimism that the Indonesian economy is expected to grow by 5.3% in 2022, from 3.7% in 2021.

Nonetheless, this momentum was restrained by accelerating inflation. However, not with the stock market where Indonesia’s benchmark stock index is up 8% since wealth was last measured.

Brothers R. Budi and Michael Hartono remain superior and become the richest conglomerate in Indonesia with a wealth of US$ 47.7 billion, from US$ 5.1 billion last year. PT Global Digital Niaga Tbk is the main factor for their wealth to increase.

The parent company of e-commerce giant Blibli successfully listed on the Indonesia Stock Exchange (IDX) in November 2022 and managed to raise IDR 8 trillion ($510 million) of fresh funds. This achievement is the second largest IPO in the country this year.

Furthermore, rising coal prices amid the global energy crisis pushed Low Tuck Kwong into second place with a nearly fivefold increase in wealth to US$12.1 billion. This caused his Bayan Resources shares to fly.

The country’s fourth largest coal mining company, making it the year’s biggest gainer in both percentage and dollar terms. His wealth increased by US$ 9.55 billion from US$. 2.55 billion years ago. Low was also featured on the cover of the December issue of Forbes Asia magazine.

Then, the Widjaja family of the Sinar Mas conglomerate which slipped to No. 3. However, the recovery of the group’s paper business helped increase their wealth by US$ 1.1 billion to US$ 10.8 billion.

Meanwhile Sri Prakash Lohia from Indorama Corp occupies row number 4 with wealth increasing by US$ 1.5 billion to US$ 7.7 billion.

Completing the top five is Anthoni Salim of the Salim Group, whose net worth fell by US$ 1 billion to US$ 7.5 billion.

Among the winners on this year’s list, half a dozen earned more than $1 billion in additions. In fact, there are those who have a total wealth of more than US $ 46 billion dollars from 41 years ago.

Djoko Susanto occupies the last position or 10th with a wealth of US $ 4.1 billion. His wealth more than doubled, following the expansion of his Alfamart department store chain. Susanto is in the top 10 for the first time.

Banking veteran Jerry Ng ranks No. 35 with a wealth of US$ 1.2 billion. His Bank Jago shares fell from their peak as investors thought the lender was overvalued.

Then, higher cigarette taxes also dragged the wealth of tobacco entrepreneur Susilo Wonowidjojo to number 14 from a wealth of US$ 1.3 billion to US$ 3.5 billion.

All six newcomers to this year’s list are billionaires, with the coal industry. Among them, Dewi Kam is at number 21, in which her 10% stake in Bayan Resources makes her the richest newcomer with US$ 2 billion. Then Ghan Djoe Hiang occupies No. 41 with a wealth of US $ 1.07 billion.

Furthermore, the owner of the Baramulti Group which was founded by her late husband Athanasius Tossin Suharya and Eddy Sugianto Gang occupies No. 32 with a wealth of US$ 1.27 billion.

In addition, last year’s share of the supplier of dairy products and processed food Cisarua Mountain Dairy, better known as Cimory, made Bambang Sutantio get his debut position at position No. 24 with US$ 1.85 billion.

Newest on the list, also occupied by Manoj Punjabi at position 43 who has a wealth of US $ 1.05 billion from MD Pictures. Meanwhile Haryanto Tjiptodihardjo occupies serial number 45 with a wealth of US$ 1.02 billion from Impack Pratama Industri.

The minimum net worth this year is $885 million, up from $695 million in 2021.

The 10 richest people in Indonesia are:
1. R. Budi & Michael Hartono with a wealth of US $ 47.7 billion
2. Kwong reached US$ 12.1 billion
3. The Widjaja family reached US$ 10.8 billion
4. Sri Prakash Lohia reached US $ 7.7 billion
5. Anthoni Salim reached US$ 7.5 billion
6. Chairul Tanjung reached US$ 5.2 billion
7. Prajogo Pangestu reached US$ 5.1 billion
8. Boenjamin Setiawan reached US$4.8 billion
9. Tahir reached US$ 4.2 billion
10. Djoko Susanto reached US$ 4.1 billion

[Gambas:Video CNBC]

(rob/ayh)