Wealth Of Indonesia’s 50 Richest On Forbes List Rises 40 To RecordUS$ 252 Billion

Despite decelerating exports and a dip in the standard stock indicator, the collaborative net worth of princes on the 2023 Forbes list of Indonesia’s 50 Richest rose 40 to a record US$ 252 billion, over from$ 180 billion a time ago. The complete list is available then as well as in the December issue of Forbes Asia. The record rise was fueled by a raft of IPOs, specially of energy and mining enterprises. Half the princes on this time’s list are richer than they were a time ago.

SistersR. Budi and Michael Hartono retain theirNo. 1 spot with a fortune of$ 48 billion, over$ 300 million from a time ago. Taking theNo. 2 spot for the first time is petrochemicals and energy mogul Prajogo Pangestu, this time’s biggest killer in both bone
and chance terms. With a further than eightfold increase in his net worth to$43.7 billion, he moved over five spots on this time’s list. Pangestu reaped a benediction from listing two of his companies — geothermal energy patron Barito Renewables Energy and coal miner Petrindo Jaya Kreasi.

In third place is booby-trapping baron Low Tuck Kwong, who also draws his wealth from black gold. Low further than doubled his fortune to$27.2 billion from$12.1 billion as his Bayan coffers, the country’s third- largest coal patron, served from risingsales.AtNo. 4 is the Widjaja family of Sinar Mas, whose net worth was unchanged at$10.8 billion from a time ago. Rounding out the top five on the list is Anthoni Salim of the Salim Group, whose net worth jumped by$2.8 billion to$10.3 billion, thanks largely to his precious stake in bobby
and gold miner Amman Mineral International, which listed in July.

Buoyed by Indonesia’s intentions to make a force chain for electrical vehicles on the reverse of its bountiful reserves of nickel, Lim Hariyanto Wijaya Sarwono pulled off a successful IPO of his miner Trimegah Bangun Persada, more known as Haritha Nickel. Lim’s wealth surged further than fourfold to$4.8 billion, moving him up 27 spots toNo. 9. Listing earnings propelled four beginners to the species this time. Three are shareholders of Amman Mineral International, videlicet, chairman manager and former investment banker Agoes Projosasmito(No. 8,$5.4 billion), chairman director Alexander Ramlie(No. 23,$2.5 billion), and oil painting and gas mogul Hilmi Panigoro(No. 22,$2.8 billion). A cover story on Panigoro also features in the December issue of Forbes Asia. Another freshman to this time’s list is Cinema XXI cofounder Benny Suherman(No. 43,$1.1 billion) who came a billionaire following its Augustlisting.Two papas who passed away, Boenjamin Setiawan of pharmaceutical establishment Kalbe Farma and Winarko Sulistyo of packaging paper patron Fajar Surya Wisesa, are replaced on the list by their heirs at law. The Setiawan family is now rankedNo. 13 with a net worth at$4.3 billion, and the Sulistyo family is atNo. 48 with$ 1 billion. The three returnees to this time’s list include Kuncoro Wibowo atNo. 45 with$1.05 billion, who controls and runs Ace Hardware Indonesia, a designee of theU.S. chain. Shares of the company were over further than 40 as deals rebounded after dipping during the epidemic. Among the seven drop- offs this time is banker Jerry Ng, whose Bank Jago shares declined as investor sentiment cooled off for digital banks.

The minimal net worth to qualify was$ 940 million, over from$ 885 million in 2022.

The top 10 richest in Indonesia are

1.R. Budi & Michael Hartono;US$ 48 billion

  1. Prajogo Pangestu;$43.7 billion
  2. Low Tuck Kwong;$27.2 billion
  3. Widjaja Family;$10.8 billion
  4. Anthoni Salim;$10.3 billion
  5. Sri Prakash Lohia;$8.5 billion
  6. Chairul Tanjung;$5.7 billion
  7. Agoes Projosasmito;$5.4 billion
  8. Lim Hariyanto Wijaya Sarwono;$4.8 billion
  9. Dewi Kam;$4.45 billion
    This list was collected using shareholding and fiscal information attained from the families and individualities, stock exchanges, periodic reports and judges. The ranking lists both individual and family fortunes, including those participated among cousins. Private companies were valued grounded on analogous companies that are intimately traded. Public fortunes were calculated grounded on stock prices and exchange rates as of November 17, and adaptations may have been made for some stocks that are thinly traded or have a low public pier. The list can also include foreign citizens with business, domestic or other ties to the country, or citizens who do n’t live in the country but have significant business or other ties to the country.

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