THE BUSINESS and financial magazine from the United States, namely Forbes, continues to update its list of the richest people in the world, including in Indonesia. According to Forbes magazine, Low Tuck Kwong is in the first position of the richest person in the country. His wealth is around US$26 billion, or IDR396.4 trillion (assuming an exchange rate of IDR15,248 per US dollar.
Then, followed by R. Budi Hartono, he is the second richest person in Indonesia with wealth of US$26 billion. In third place is R. Budi Hartono’s brother, Michael Hartono, who is worth US$24.8. Then in fourth place is Prajogo Pangestu with a wealth of around US$8.5 billion. And in fifth place is the name Sri Prakash Lohia with a wealth of around US$6.8 billion.
Low Tuck Wong
Low Tuck Wong is a coal businessman and founder of Bayan Resources, which is a company operating in the mining industry in Kalimantan. Allegedly, the company is the main source of Low Tuck Wong’s wealth.
Then Budi Hartono’s main business was in the banking and tobacco industries. The two companies that contributed greatly to his wealth were Bank Central Asia (BCA) and Djarum.
Like his older brother Budi Hartono, Michael Hartono is also the largest shareholder of Djarum and BCA.
Prajogo Pangestu, who is the fourth richest person in Indonesia, has a large business through PT Barito Pacific Timber to PT Chandra Asri Petrochemical.
Sri Prakash Lohia
Sri Prakash Lohia has a main business engaged in the petrochemical and textile industries, namely Indorama Corporation.
Low Tuck Kwong Profile
Low Tuck Kwong himself is the founder of Bayan Resources, a coal producer and port operator in Indonesia, reports Bloomberg.
The Jakarta-based company sold around 40 million metric tons of coal and reported revenue of IDR40.8 trillion (US$2.9 billion) in 2021. Low also Tuck Kwong is the largest shareholder of Metis Energy, a renewable energy company based in Singapore. Low Tuck Kwong himself is a man born in Singapore on April 17, 1948.
However, in 1992, he changed his citizenship to become an Indonesian Citizen (WNI). It is known that Low began to decide to move to Indonesia in 1972, and in 1973, he founded PT Jaya Sumpiles Indonesia (JSI) which operates in the construction sector. [sources/photo special]