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THE LIST of Indonesia’s 10 wealthiest individuals underwent changes in December 2025. Forbes has observed the emergence of new names and the departure of several established businessmen from the elite ranks.
The 17 percent increase in the Jakarta Composite Index (JCI) throughout the year contributed to a surge in the wealth of several conglomerates. The combined wealth of Indonesia’s 50 wealthiest individuals reached an all-time high of US$306 billion, equivalent to approximately IDR5,100 trillion, marking an increase from US$263 billion the previous year.
However, the impact of the strengthening stock market was not uniform. Several conglomerates experienced a decline in their rankings due to a decrease in the shares of the companies that were their primary sources of wealth.
Agoes Projosasmito is a prime example of this phenomenon. The President Commissioner of Amman Mineral Anggaran dan President Director of PT Bumi Resources Minerals Tbk (BRMS), he fell from seventh place in 2024 to 13th place with a wealth of US$5 billion (approximately IDR83 trillion). In 2023, Agoes Projosasmito’s wealth was recorded at US$5.4 billion.
A comparable scenario unfolded for Dewi Kam, the sole female competitor to secure a position in the top 10 list for the past two consecutive years. She has since dropped to 17th place with a wealth of US$4.3 billion, or approximately IDR71 trillion. Dewi Kam’s position in the top 10 has been replaced by Marina Budiman.
A discussion of newcomers and the return of the conglomerate.
One newcomer is Otto Toto Sugiri, founder and CEO of PT DCI Indonesia Tbk, a data center company founded in 2011. Otto’s net worth is estimated at US$11.3 billion, equivalent to approximately IDR188.4 trillion. His wealth increased from US$7 billion in early 2025 to US$1.8 billion in 2024.
Marina Budiman, co-founder and President Commissioner of PT DCI Indonesia Tbk, also secured a top 10 position, ranking eighth. Their wealth experienced a significant increase, rising from approximately US$1 billion last year to US$8.2 billion, or around IDR136.7 trillion, in 2025.
Additionally, the Wijono and Hermanto Tanoko families re-entered the top 10 list following an increase in their wealth to US$8.1 billion (approximately IDR134.5 trillion). This family owns PT Avia Avian Tbk, Indonesia’s second-largest paint company, founded in 1978.
Please find below the list of the ten richest Indonesians as of 2025. The following individuals and entities are among the wealthiest in Indonesia: (1). R. Budi Hartono & Michael Hartono — US$43.8 billion (around IDR730.1 trillion), (2). Prajogo Pangestu — US$39.8 billion (around IDR663.4 trillion), (3). The Widjaja Family — US$28.3 billion (around IDR471.7 trillion), (4). Low Tuck Kwong — US$24.9 billion (around IDR415.1 trillion), (5.) Anthoni Salim and Family — US$13.6 billion (around IDR226.7 trillion).
Meanwhile (6). Otto Toto Sugiri — US$11.3 billion (around IDR188.4 trillion), (7). Tahir and Family — US$9.8 billion (around IDR163.4 trillion), (8.) Marina Budiman — US$8.2 billion (around IDR136.7 trillion) (9.) Wijono, Hermanto Tanoko, and Family — US$8.1 billion (approximately IDR134 trillion) (10). Sri Prakash Lohia — US$8 billion (approximately IDR133.3 trillion). [kompas.com/photo special]
