CEOWORLD magazine - Profiles - Indonesia
Otto Toto Sugiri
Co-Founder and President Director, DCI Indonesia Otto Toto Sugiri is the cofounder and president director of DCI Indonesia. He started the company in 2011 and built it into Indonesia’s largest operator of data centers. Net worth: $1.8 billion DCI Indonesia’s shares have soared since its listing in January 2021. Prior to DCI, Sugiri founded PT Sigma Cipta Cara...    read more
Bambang Sutantio
FOUNDER, Cimory group Bambang Sutantio founded and runs Cimory group, a manufacturer and distributor of dairy products and processed foods in Jakarta. Cimory is known for its range of dairy products such as milk and yogurt as well as processed meats. Net worth: $1.6 billion Sutantio first set up meat processor Macroprima Panganutama in 1993. He started the dairy business...    read more
Hermanto Tanoko
Co-Owner, Avia Avian Hermanto Tanoko and his brother Wijono control Avia Avian, reportedly Indonesia’s second- largest domestic paints company. The company was founded in 1978 by their father Soetikno Tanoko. Net worth: $2 billion The brothers took it public in 2021 and Hermanto serves as President Commissioner. Hermanto has also been building his own business empi...    read more
Peter Sondakh
Rajawali Corpor Peter Sondakh is head of Rajawali Corpora, an investment firm founded in 1984 whose portfolio includes hotels, media and mining. His Rajawali Property group, founded in 1989, includes the marquee Four Seasons in Jakarta and the St. Regis in Jakarta and Bali. Net worth: $2.0 billion Other assets include internet service provider Velo Networks and TV networ...    read more
Sukanto Tanoto
Owner, Royal Golden Eagle Sukanto Tanoto is owner of Royal Golden Eagle, a group with businesses in pulp and paper, palm oil, and energy. His Bracell is one of the world’s largest producers of specialty cellulose, used in everything from baby wipes to ice cream. Net worth: $2.8 billion Roots of the business date back to more than 50 years ago when Tanoto opened up ...    read more
Dewi Kam
Bulk Dewi Kam gets the bulk of her wealth from a minority stake in Indonesia’s coal miner Bayan Resources. Shares in Bayan Resources tripled in 2022 amid the global energy crisis. Net worth: $4.2 billion Dewi Kam also has interests in power plant construction and operations. ...    read more
Martua Sitorus
Co- Founder, Wilmar International Martua Sitorus cofounded Wilmar with Kuok Khoon Hong, now also a billionaire, in 1991. Sitorus stepped off the board of Wilmar, now the world’s largest palm oil trader, in July 2018. Net worth: $3.3 billion He and his brother Ganda cofounded KPN Corporation with interests in palm oil plantations, property development and cement man...    read more
Djoko Susanto
 Founder, Alfamart Djoko Susanto is the founder of Alfamart, which has more than 19,000 convenience stores across Indonesia and more than 1,200 stores in the Philippines. The sixth of 10 siblings, he started managing his parents’ modest food stall inside a traditional market in Jakarta at age 17. Net worth: $4.3 billion He later partnered with clove cigarette tycoo...    read more
Lim Hariyanto Wijaya Sarwono
Bumitama Agri Lim and his family own a majority stake in Singapore-listed palm oil producer Bumitama Agri; its plantations are located in Indonesia. His son Lim Gunawan Hariyanto is chairman and CEO of Bumitama Agri. Net worth: $4.4 billion The family’s Harita group also owns the majority of listed bauxite mining firm Cita Mineral Investindo. Lim’s integrated...    read more
Chairul Tanjung
Founder of CT Corp Chairul Tanjung’s CT Corp. is best known for issuing credit cards, operating hypermarkets and running TV stations. His Trans Retail has grocery stores under the Carrefour and Transmart brands. Net worth: $4.9 billion His group also controls the Wendy’s franchise in Indonesia and owns the Versace, Mango and Jimmy Choo franchises. He has a st...    read more
Founder of Mayapada group Tahir, who goes by one name, is founder of Mayapada group, a conglomerate with interests in banking, healthcare and real estate. The family has stakes in listed Bank Mayapada and Maha Properti Indonesia. Net worth: $5.7 billion He also owns property in Singapore, including through listed property firm MYP. His wife Rosy is the daughter of Indone...    read more
Prajogo Pangestu
Owner and Founder, Barito Pacific Son of a rubber trader, Prajogo Pangestu got his start in the timber business in the late 1970s. His company Barito Pacific Timber went public in 1993 and changed its name to Barito Pacific after cutting back on its timber business in 2007. Net worth: $7.5 billion In 2007 Barito Pacific acquired 70% of petrochemicals firm Chandra Asri, w...    read more
Low Tuck Kwong
Founder and president director of Bayan Resources Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia. He also controls Singapore’s renewable energy company Metis Energy – formerly known as Manhattan Resources – and has interests in The Farrer Park Company, Samindo Resources and Vok...    read more
Michael Hartono
Co-owner of Djarum and BCA Michael “Bambang” Hartono is the second richest person in Indonesia, just after his brother R. Budi Hartono. The brothers get the bulk of their fortune from their investment in Bank Central Asia. Net worth: $24.9 billion The Hartonos bought the stake in BCA after another wealthy family, the Salims, lost control of the bank during th...    read more
Owner of Djarum and BCA Founder of Polytron Electronics [id] R. Budi Hartono and his brother, Michael (whose fortune is listed separately), are the second and third-richest in Indonesia. The brothers get the bulk of their fortune from their investment in Bank Central Asia. Net worth: $26.0 billion The Hartonos bought a stake in BCA, after another wealthy family, the Sali...    read more
Benny Suherman is a co-founder and the majority owner of Nusantara Sejahtera Raya, which runs Cinema XXI, Indonesia’s largest cinema chain. Net Worth: $1.1 billion Cinema XXI operates 225 theaters with 1,216 screens across the country. Suherman took the company public in August 2023 in a $145 million IPO. His sons Suryo and Arif are Nusantara Sejahtera Raya’s...    read more
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