Racheal
Indonesia, the fourth most populous country in the world and one of Southeast Asia’s fastest-growing economies, has witnessed a remarkable increase in affluence and entrepreneurship over the years. The year 2024 ushers in a new wave of economic development and opportunities, resulting in the emergence of several billionaires who have taken over the business world.
The economic landscape of Indonesia in 2024 is adorned with dynamic and visionary leaders who have not only created wealth but also substantially contributed to the country’s growth and development. These top 10 richest men in Indonesia serve as a model for aspiring business owners, demonstrating that with dedication, creativity, and perseverance, the opportunities for success are limitless in this dynamic and ever-changing economy.
List Of Top 10 Richest Men In Indonesia 2024 Billionaires List
1. R. Budi Hartono and Michael Bambang Hartono -$47.7 Billion
Brothers Hartono are the richest men in Indonesia. In 1963, they inherited the family company, Djarum Group, from their father. Djarum Group is a multinational corporation with interests in tobacco, financing, real estate, and hospitality. Additionally, the Hartono brothers own a substantial portion of Bank Central Asia, the largest bank in Indonesia.
2. Low Tuck Kwong -$26.3 Billion
Low Tuck Kwong is an Indonesian-Chinese businessperson. He is the founder and chairman of one of Indonesia’s main coal producers, Bayan Resources. Bayan Resources also has energy and infrastructure interests. Low Tuck Kwong became a billionaire on his own. In the 1970s, he began his commercial career by selling textiles. Later, he entered the coal mining industry and soon became one of Indonesia’s most successful coal producers.
3. Sri Prakash Lohia -$7.2 Billion
Sri Prakash Lohia is an Indian-Indonesian industrialist. He is the chairman and managing director of the global textiles and chemicals company Indorama Corporation. Indorama Corporation operates in more than 15 countries and employs more than 40,000 individuals. Sri Prakash Lohia is an industrialist of the third generation. In the early 1900s, his grandfather founded a textile enterprise in India. Sri Prakash Lohia expanded the family business into the chemical industry and other fields. He is now among the wealthiest individuals in Indonesia.
4. Prajogo Pangestu -$6.3 Billion
Prajogo Pangestu is an Indonesian industrialist. He is the chairman and proprietor of the conglomerate Barito Pacific Group, which has interests in the timber, pulp and paper, energy, and infrastructure industries. Barito Pacific Group is one of Indonesia’s major private companies. Prajogo Pangestu became a billionaire on his own. In the 1960s, he began his business endeavour by selling timber. He subsequently branched out into other industries, including fibre and paper, energy, and infrastructure.
5. Chairul Tanjung -$5 Billion
Chairul Tanjung is an Indonesian industrialist. He is the founder and chairman of the media, retail, and telecommunications-focused conglomerate CT Corp. CT Corporation is one of Indonesia’s largest private corporations. Chairul Tanjung became a billionaire on his own. In the 1980s, he began his business endeavour by selling furniture. He later expanded into media, retail, and telecommunications, among others.
6. Tahir -$5 Billion
Tahir is an Indonesian industrialist. He is the founder and chairman of the conglomerate Mayapada Group, which has interests in banking, healthcare, and real estate. Mayapada Group is one of Indonesia’s major private companies. Tahir became a billionaire on his own. In the 1980s, he began his commercial career by selling textiles. Later, he expanded into additional industries, including banking, healthcare, and real estate.
7. Djoko Susanto -$4.3 Billion
Djoko Susanto is an Indonesian industrialist. He is the founder and chairman of one of Indonesia’s largest retail enterprises, Alfamart. Over 15,000 Alfamart establishments are located throughout Indonesia. Djoko Susanto became a billionaire on his own. In the 1980s, he began his business endeavour by selling groceries. In 1998, he launched his first Alfamart store.
8. Lim Hariyanto Wijaya Sarwono -$4.1 Billion
Lim Hariyanto Wijaya Sarwono is an Indonesian industrialist. He founded and serves as chairman of First Resources, one of Indonesia’s main palm oil producers. First Resources also has timber and real estate holdings. Lim Hariyanto Wijaya Sarwono became a billionaire on his own. In the 1970s, he began his commercial career by selling furniture. Later, he entered the palm oil industry and became one of Indonesia’s most prominent palm oil producers.
9. Bachtiar Karim -$4 Billion
Bachtiar Karim is an Indonesian industrialist. He is the founder and chairman of Musim Mas, one of Indonesia’s main palm oil producers. Musim Mas has additional interests in cuisine and drink. Bachtiar Karim became a billionaire on his own. In the 1970s, he began his business endeavour by selling vegetables. Later, he entered the palm oil industry and became one of Indonesia’s most prominent palm oil producers.
10. Jogi Hendra Atmadja -$3.95 Billion
Jogi Hendra Atmadja is an Indonesian industrialist. He is the chairman and president of one of Indonesia’s largest culinary and beverage companies, Mayora Indah. Mayora Indah manufactures a variety of goods, including munchies, cookies, and coffee. Jogi Hendra Atmadja is a self-made billionaire. In the 1970s, he began his business endeavour by selling snacks. In 1977, he founded Mayora Indah.
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