Top 10 Richest people in indonesia
#1 Robert Budi & michaele Hartono
Robert Budi Hartono born in 1940) is a Chinese Indonesian tobacco billionaire with 2004 net worth US$2.2 billion. Owns and runs privately-held Djarum, the world's third largest maker of clove cigarettes. Recently grabbing share from number two Sampoerna. Also has stake with his brother, Michael Bambang Hartono in one of Indonesia's biggest banks, Bank Central Asia, formerly controlled by billionaire Liem Sioe Liong. In 2009, his net worth reached US$4.7 billion and he was nominated as the 1st richest Indonesia, while Lien Sioe Liong was in 3rd and Sampoerna was in 4th rank.
#2 Susilo Wonowidjojo
Wonowidjojo was born Cai Daoping. He is the son of Surya Wonowidjojo, founder of Gudang Garam, a major Indonesian kretek (clove cigarette) manufacturer.With family, owns Gudang Garam, country's largest clove cigarette maker; name means "salt warehouse." Shares hit 4-year high in wake of big deal in which British American Tobacco bought majority stake in its rival Bentoel International. Susilo was named president in June, replacing nonfamily member who left in February. He and brother Sumarto sit on company's board while sister Juni Setiawati is a company commissioner. Brother Rachman Halim ran business until his 2008 death.
#3 Eka Tjipta Widjaja
Eka Tjipta Widjaja,born in Quanzhou, Fujian, China is the founder of the Sinar Mas Group, which was one of the largest conglomerates during the Indonesian New Order period. His flagship bank, BII or Bank International Indonesia, bankrolled many of his other ventures that made him at one time the king of copra. The Sinar Mas Group also owns the Singaporean-listed Asian Pulp and Paper, a company that has been convicted of being involved in illegal logging in Cambodia,Yunnan Province, China,and the illegal felling of over 50,000 acres (200 km2) of forest in Bukit Tigapuluh national park.Greenpeace now reports that Sinar Mas is felling massive amounts of virgin forest in Papua to make room for palm oil plantations. His bank, like many other local banks, went under during the 1997-98 economic crisis with $9.7 billion in red and was seized by the government.
Eka Tjipta Widjaja (born Oei Ek Tjhong) is polygamous and is known to have many official wives and unofficial relationships with countless women. He is rumoured to have sired more than 40 children. He has since retired from the limelight and handed his business over to his children, in particular Indra, Teguh and Franky and grandson Eric Oei Kang, who headed up the Hong Kong-listed construction company Creator Holdings. Widjaja's second son, Singapore tycoon Oei Hong Leong, is one of Southeast Asia's richest men, ranked by Forbes Magazine as #37, with a net worth of US$355 million.
The famous Indonesian consortium, Sinar Mas Group, was founded by Mr. Eka Tjipta Wijaya, the prominent Chinese entrepreneur from Asia. The group's four core businesses include pulp and paper, agriculture, food, real estate development and other core industries linked to the pulp and paper industry, led by the Asia Pulp & Paper Co., Ltd. (APP). Through unwavering efforts in the last 30 years, APP is now one of the world's top ten corporations in paper making, with overall assets of over $10 billion, and an annual production and processing capacity of more than 10 million tons.
However, the environmental record of APP has led many western companies including Staples and Office Depot to cut all ties with the company.These decisions followed numerous environmental infringements including illegal logging in Yunnan Province, China, and Cambodia,breaching terms of agreements with the World Wildlife Fund in 2003, and Rainforest Alliance and the Forest Stewardship Council in 2007, and the construction of an illegal road through the last remaining habitat of the critically endangered Sumatran Tiger.
The Asia Times reported on the environmental record of the company stating:
APP's business model is a tactically aggressive one: it turns huge profits by quickly stripping forests bare, exploiting age-old forests and indigenous peoples, and leaving town before the environmental consequences are felt. By the time communities and governments lodge complaints and lawsuits, APP has divested itself of local interests and assets.
More recently, an investigation into the activities of APP in the Kampar peninsula found evidence of the construction of an illegal road, on which tracks of the critically endangered Sumartran Tiger were found.
Since 1992, APP focused its investments in the Yangtze River Delta and the Pearl River Delta region, building large scale pulp and papermaking enterprises with world-class paper-making technology, including Gold East, Ningbo Zhonghua, Gold Huasheng, Gold Hong Ye and Hainan Jinhai, as well as the cultivation of fast-growing paper plantations.
At present, APP owns 17 pulp and paper companies in China and more than 20 forestry centers, as a sole corporation and holding company with assets of about RMB 56 billion, and an annual production capacity of over 5 million tons. In 2005, the 20,000 full-time employees contributed to sales in China exceeding RMB 16.8 billion. List : Gold East Paper (Jiangsu) Co., Ltd. Ningbo Zhonghua Paper Co., Ltd. Ningbo Asia Pulp & Paper Co., Ltd. Hainan Jinhai Pulp & Paper Industry Co., Ltd. Gold Huasheng Paper (Suzhou Industrial Park) Co., Ltd. Gold Hong Ye Paper (Suzhou Industrial Park) Co., Ltd. Yalong Paper Products (Kun Shan) Co., Ltd. Zhenjiang Dadong Pulp & Paper Co., Ltd. Gold Hai Paper Products (Kun Shan) Co., Ltd. Asia Paper (Shanghai) Co., Ltd. Ningbo Asia Paper Tube & Carton Box Co., Ltd. Ningbo Asia Paper Converting Co., Ltd. Ningbo Asia Unpolluted Paper Products Co., Ltd. Jin Feng Yuan Paper Industry (Shanghai) Co., Ltd. Jinxin (Qingyuan) Paper Industry Pte., Ltd. Jinyu (Qingyuan) Tissue Paper Co., Ltd. Guangxi Jingui Pulp & Paper Co., Ltd. Gold Daio (Suzhou Industrial Park) Hygiene Products Co., Ltd.
#4 Low Tuck Kwong
#5 Anthony Salim & family
The Salim Group is Indonesia's biggest conglomerate with assets including Indofood Sukses Makmur, the world's largest instant noodle producer, and Bogasari, a large flour-milling operation.The group was founded by Sudono Salim.The Salim Group also owns major oil palm plantations (about 1,000 km²) and logging concessions.
In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corp, the main food and beverage conglomerate in the Philippines, because of control questions.Salim Group has been involved in Property Development and Leisure Industry for around 30 years. The businesses include hotel and resort development, golf courses, real estates, commercial buildings, shopping centers and industrial estates.
The Salim Group is involved in a number of projects in West Bengal.The Salim Group is involved in the construction of Kolkata West International City. Salim and Universal Success are investors in the project, Ciputra the developer and Singapore-based Surbana the project manager.The proposal of the Salim Group for chemical hub and multi-product SEZ were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006.
The chemical hub would be set up as a joint venture project of West Bengal Industrial Development Corporation Ltd and New Kolkata International Development. Indian Oil Corporation would be the anchor investor there.The NKID comprises three companies including the Salim Group. The chemical hub was earlier proposed to be set up at Nandigram but in reaction to the Nandigram violence was shifted to Nayachar. The proposal for a bridge across the Hooghly River from Raichak to Kukrahati, which will connect Haldia to Kolkata, has been hanging fire for many years. In earlier years, it was thought that the 2 km long cable bridge costing over Rs. 3,000 crore would be built with Malaysian support.Thereafter, JICA came into the picture.Subsequently, they were replaced by the Salim group.
The construction of the Eastern Link Highway, linking Barasat with Raichak, which would be 100 km long and 100 m wide and spread over 2,500 acres (10 km²), is also on the anvil. The projects would be implemented by New Kolkata International Development Private Ltd, a special purpose company that has been promoted by the Salim Group, the Universal Success Group and Unitech.The government will acquire 5,000 acres (20 km2) for the Salim Group at Kukrahati to develop a township. The Kukrahati township would come up on low and saline land close to the banks of the Hooghly river.
Buddhadeb Bhattacharya, chief minister, West Bengal, laid the foundation stone for eastern India's first two-wheeler project at Uluberia on 15 February 2006. A motorcycle factory would be set up by the Salim Group of Indonesia at a cumulative investment of $250 million. Spread over 65 acres (260,000 m2) of land provided by the State Government, the factory would be set up under the banner of Salim Group company Mahabharat Motors Manufacturing Pvt Ltd, and the two-wheelers would be sold under the brand name, Arjun. Speaking at both the functions, Benny Santoso, Chief Executive of the Salim Group, said the Indonesian business house with diverse business interests was keen to contribute and partake in the development of West Bengal.Chuansung, a Chinese company, would be the technological collaborators.
#6 Sukanto Tanoto
Sukanto Tanoto born in Medan on 25 December 1949 was said in 2008 as the richest Indonesian, according to the Forbes magazine with the total net worth of US$ 3.8 billion (ranked 284th on Forbes 500 list).Started as a supplier of equipments and materials for the state own oil firm Pertamina, Sukanto Tanoto then moved to the forest industry in 1973. He acquired public pulp and paper business Asia Pacific Resources International on New York Stock Exchange, which then delisted in 2001. His current business vehicle is Raja Garuda Emas International or Royal Golden Eagle International (RGEI), a holding company with its activities ranging from paper, palm oil, construction, and energy business sectors.
Born on Christmas Day 1949, Sukanto Tanoto was the eldest of seven boys.His father was an immigrant from the Fujian province of the mainland China. In 1966, when he was just 17 years old, Tanoto's education was suddenly put into an abrupt stop, because all local Chinese schools were shut down by Suharto after he took over the presidency. Tanoto immediately conducted his first business. "I was studying in a Chinese school. I wasn't allowed to go to a national school because my parents held Chinese citizenship. I was considered a foreigner. I never learnt Bahasa Indonesia formally," Tanoto recalls.
Working for 16 hours a day, the young Tanoto slowly moved from a common trading to snare contracts in building gas pipelines for multinational companies.His luck began to show up during the 1972 oil crisis. Oil prices went hike and oil producers rapidly expanded their operations. Tanoto's contracts grew dramatically and he managed to cash in his first US 1 million dollars.
With some capitals at hands, Sukanto Tanoto tried to force his luck on bigger business. Tanoto noticed that Indonesia exported wooden logs, which were then converted into plywood abroad in countries like Japan or Taiwan and then imported back to Indonesia with higher costs.Realizing this inefficiency and also an opportunity, Tanoto then wanted to start business in the pulp industry. However, he first needed a permit.
In the Suharto's administration era, it was a common practice to conduct business with politicians, who in turn were army generals, to ease permit applications. A skeptical army general, who at first doubted Tanoto's business plan, agreed to give him a 'permission' with a requirement that Tanoto must report him back when the factory is finished. In 10 months, Tanoto built his first pulp mill, Inti Indorayon Utama in the North Sumatra province. The army general was impressed and he alerted the country's top leader.On 7 August 1975, Suharto descended to Medan to inaugurate the factory.The new pulp industry initiated Tanoto's business with Suharto, which swiftly made himself as a new Indonesian tycoon in the 1980s.Sukanto Tanoto was a self-educated entrepreneur. He felt pity that he could not continue his education. He learned English word-by-word using a Chinese-English dictionary. In the mid 1970s, when he had established his business empire, he finally went to a business school in Jakarta. Feeling unsatisfied, he continued to study at INSEAD, a reputable business school in Fountainbleau, France.The feeling of having a dropped-out school makes him enthusiastic on pursuing more education. He makes a frequent visit to management courses at top universities, such as Harvard, Stanford, Kellogg, Wharton, Carnegie Mellon, etc., which he calls it a 'management holiday'.
In the mid 1990s, Tanoto and his family relocated to Singapore and is having its base operation there. The Indonesian press speculated over this move that Tanoto was trying to seek safe place as a financial fugitive. Tanoto denies the allegation and is arguing that the relocation is merely for the effectiveness to meet with his international clients.He claims that he is still holding Indonesian passport and citizenship.
In 1989, Sukanto Tanoto started a pulp mill under the name of PT Inti Indorayon Utama, which was built at a small village Porsea nearby Lake Toba of North Sumatra. The mill however did not run smoothly with the local people, who argued that it had polluted the area, performed major deforestation and injustice land grabbing. From the beginning, the Indonesia's first pulp mill was full of conflict history. The initial permit released contained land disputes, the quality of air and water around Asahan River degraded drastically, which was said to be responsible to certain skin diseases, reducing corp production and water contamination,was responsible for some landslide disasters in the area and released toxic chlorine gas during the 1993 boiler explosion. However during the Suharto administration, Indorayon enjoyed freedom of its activities due to the close ties between its owner with Suharto. Demonstrations and legal action to the governmental agencies, that had started since 1986, failed to stop the factory's activities which in turn was answered by detentions, arrests, beatings, raids and violent acts by the local security forces.
Following the downfall of Suharto in 1998, public pressure began to grow, but it was always answered with violence and terrors by police officers hired by the company. Clashes between local residents, staffs and members of security forces were unavoidable and resulted six deaths and hundreds of injuries in 1999.As a result, President Habibie temporarily put the mill on halt on 19 March 1999. Although lobbies were conducted by Indorayon's supporters, including the-then ministry of trade Jusuf Kalla, the factory was closed down permanently by President Wahid after fierce oppositions from local people and environmental activists followed by more fatal demonstrations.
With Raja Garuda Mas International (RGM International) holding company, Sukanto Tanoto controls his business empire. The company holds the Pacific Oil & Gas (a private energy resource company who runs in Indonesia, Singapore, China and Hong Kong),Asia Pacific Resources International Holdings Limited (or APRIL, a producer of fibre, pulp and fine paper),Asian Agri (an agrobusiness industry which owns 20,000 hectares of oil palm, rubber and cocoa plantations in Indonesia, Philippines, Malaysia and Thailand),PEC-Tech (a construction and logistic service company),and Sateri International (a producer of viscose fibre and dissolving pulp, headquartered in Shanghai).
Note: RGM International has changed its name to RGE PTE LTD as of August 2009. In addition, RGE does NOT hold its operating companies but act as a management company representing the major shareholder.
#7 Martua Sitorus
#8 Peter Sondakh
#9 Putera Sampoerna & Family
Putera Sampoerna, born 13 October 1947 in Schiedam, The Netherlands is one of Indonesia's richest men, with a fortune of more than US$2 billion.He gained his wealth as heir to the Sampoerna cigarette company (PT HM Sampoerna Tbk.), one of Indonesia's largest. Putera had been educated abroad from an early age; starting from the Diocesan Boys' School in Hong Kong, the Carey Baptist Grammar School in Melbourne and finally at the University of Houston in Texas. He led the company from 1978 until 2000, when he was replaced by his son Michael Sampoerna. In 2005 he sold his family shares and thus the company itself to Philip Morris International.After the sale of PT HM Sampoerna, Putera and his family founded investment company Sampoerna Strategic, currently led by his son Michael. Sampoerna Strategic has businesses in the telecommunications, agriculture (palm oil plantations), forestry and microfinance industry. Putera and his family are also heavily engaged in philantrophic activities through the Putera Sampoerna Foundation, which he founded in 2001. The foundation's primary activities are focused on improving education in Indonesia.
#10 Achmad Hamami