GlobeAsia

150 Richest Indonesians (June 2016)

1. Robert Hartono, 75 and Michael Hartono, 76

Djarum • Banking, industry, utilities, cigarettes

$14.8 billion

From banking to on-line retail, the Hartono brothers dominate Indonesia’s corporate landscape
and have maintained their perch on the GlobeAsia rich list for six years. Originally cigarette
makers with the Djarum brand, their empire now extends to Bank Central Asia (BCA), the
country’s largest private bank, and high-profile property assets. Djarum remains the country’s
third largest cigarette-maker and is a major sponsor of the brothers’ favorite sport, basketball.
Over the past five years, the group has moved into the fast-growing on-line retail sector,
acquiring Kaskus, the country’s largest on-line website, Infokost, a website which lists studio
apartments in Jakarta; Blibli, a popular shopping site, and Bolabob, a sports site. The group has a
controlling stake in digital marketing agency Merah Cipta Media. It is in the midst of contract
renegotiations with the government over the construction of BCA Tower and the Kempinski
Apartments as part of the Grand Indonesia development.

2. Anthoni Salim, 67

First Pacific • Food, investment

$11.0 billion

Anthoni lost his mother Kim Kin Neo in March this year, when she passed away at the age of 91.
No youngster himself anymore, Anthoni continues to set a trail as a world-class businessman and
entrepreneur. He is currently seeking to partner with Korea’s Lotte Group to launch an e-
commerce portal in 2017, with Salim’s 11,000 Indomaret minimart outlets likely to play a central
role in the company’s e-commerce strategy. According to Malaysia’s Star Online, Anthoni has
also acquired a substantial stake in Cab Cakaran Corp. Bhd. (CAP), an integrated poultry
producer and franchise holder of the Kyros Kebab restaurant chain. In Indonesia, Salim operates
palm oil plantations and palm oil mills, sugar plantations, flour mills, and is a producer of
packaged goods led by its instant noodle brands, which now have a presence as far away as
Africa and the Middle East.
3. Eka Tjipta Widjaja, 93

Sinar Mas Group • Palm plantations, pulp and paper, property, finance, energy

$10.5 billion

Eka is one of the true champions of Indonesian business, starting out on a shoestring as a poor
immigrant from China and establishing a huge empire. Already one of the largest pulp and paper
producers in the world, his Sinar Mar Group is set to further cement its position in the sector by
opening a $3 billion (Rp40 trillion) complex with two new pulp and paper mills in Ogan
Komering Ilir, a two-hour speedboat ride from South Sumatra’s capital of Palembang. The group
came under fire for not doing enough to prevent last year’s devastating forest fires although it
denied responsibility. Sinar Mas Land is a huge presence on the southern edge of Jakarta while
Sinar Mas Bank recently announced a tie-up with Modalku, a P2P lending platform for SMEs.
The patriarch still remains in charge although day-to-day operations have long been controlled
by his four sons. The combined market value of the 12 listed family-controlled companies at the
end of 2015 was around $15 billion, according to Bloomberg.

4. Susilo Wonowidjojo, 59

Gudang Garam • Cigarettes, plantations

$10 billion

Susilo Wonowidjojo remains faithful to the cigarette business. After a free fall for most of 2015,
his Gudang Garam Tbk. has seen its stock recover most of their losses. As of April 22, the
company’s shares were trading at Rp67,000, close to their peak of Rp69,000. The surge in the
stock price came after Bank Indonesia cut interest rates by 100 basis points, leading analysts to
bump up the profit forecast of the country’s second largest publicly traded cigarette maker by
3%. The company has appointed digital marketing agency Growmint to help execute a digital
marketing strategy for its GG Mild and GG Mild Shiver brands.

5. Chairul Tanjung, 54

CT Corp • Media, banking, retail

$4.8 billion

Never one to sit idle, the tycoon in January signed an agreement with global broadcaster CNBC
to launch CNBC Indonesia, adding to his media stable which already includes Trans TV, Trans
7, TransVision, online news portal Detik and CNN Indonesia. Apart from media, he has interests
in retail, property and theme parks. In February, Singapore’s sovereign wealth fund GIC
announced the purchase of an initial 17.4% stake in CT Corp’s retail arm, Trans Retail, for Rp5.2
trillion ($400 million). Chairul rejected speculation that the group was struggling to pay off its
US dollar-denominated debt, saying that the proceeds of the sale would be used to fund
expansion.

6. Sri Prakash Lohia, 63

Indorama • Textiles, garment

$4.1 billion

As the chairman and managing director of Indorama Corp., one of the world’s largest polyester
producers, Sri Prakash Lohia has built one of Indonesia’s most global enterprises. Lohia has
transformed Indorama from a textile producer to a petrochemical giant and the world’s largest
producer of polyethylene terephthalate (PET) resin, used to make plastic bottles, through his
investment arm Indorama Ventures Plc., based in London. In April, the company expanded its
PET operations in Europe by acquiring Compania Espanola de Petroleos Group (CEPSA) near
Cadiz in southern Spain. The company celebrated its 40th anniversary recently with a three-day
bash. Born in Calcutta, India, Lohia is related by marriage to the Mittal steel family and has one
of the world’s finest collections of old books and lithographs.

7. Putera Sampoerna, 66

Sampoerna Strategic • Plantations, agribusiness

$3.5 billion

Having sold off his tobacco business a decade ago, Putera Sampoerna has focused on promoting
entrepreneurship, education and women’s empowerment. Earlier this year, his venture capital
firm Sampoerna Wirausaha, known as Mekar, signed an agreement with the Indonesian Young
Entrepreneurs Association (HIPMI) to provide loans to micro, small and medium enterprises.
Putera is said to be working closely with the Clinton Global Initiative, established by former US
President Bill Clinton, to promote education.
8. Aburizal Bakrie, 68

Bakrie Group • Investment

$2.5 billion

In giving up the fight to stay chairman of Golkar Party this year, the future is clouded for the
man who up until now has been one of the country’s most prominent power-brokers. Aburizal
Bakrie or ABR, as he is often known, heads the family that controls significant shares in Bakrie
& Brothers. The group has interests in coal mining, media, manufacturing, telecommunications,
plantations and property but has been plagued by debt issues for the past few years, most notably
at coal miner Bumi Resources. The group hit the headlines recently over reports of a sale of
media assets to pay down debt but the company denied that bout of speculation. Eldest son
Anindya runs the media business and heads the Bakrie Center Foundation, which offers
promising Indonesian students scholarships to study at top global universities.

9. Eddy William Katuari, 64

Wings Group • Consumer goods

$2.4 billion

Wings’ Mie Sedaap is one of the top five brands in Indonesia, with the instant noodles bought by
Indonesian households almost twice a week. Helmed by William Katuari, the Wings Group is
one of Indonesia’s largest consumer goods producers with products ranging from detergents to
noodles and coffee. Its products sell in more than 80 countries and the group has carved out a
strong presence in the Middle East and Africa. Palm plantations are operated through Gawi
Makmur Group and Damit Mitra Sekawan produces oleochemicals and other raw materials for
personal and home care products. Along with Thai group Siam Cement, Wings is now producing
cement under the Elephant brand, and it has a packaging operation with Djarum Group.
According to Wikipedia, the family has strong connections: William’s children are reportedly
married to members of the Djarum, Gozco and Charoen Pokphand Indonesia groups.

10. Sukanto Tanoto, 66

Royal Golden Eagle • Plantations, energy, pulp

$2.2 billion In addition to his existing assets, Sukanto Tanoto’s vision is to become a major
global LNG player. Under Pacific Oil and Gas, he has operations in Canada, Indonesia and
China. Through Royal Golden Eagle (RGE) he is expanding his palm oil business while his pulp
and paper business is grouped under APRIL. The group last year unveiled a new sustainability
framework under which it pledged that all pulp and paper companies under both the group and
third-party suppliers will stop clearing natural forests until assessments are carried out to set
aside land that is carbon-rich forest or has high conservation value. Youngest son Anderson, a
director at RGE and up-and-coming figure from the younger generation, is leading the group’s
new eco-push.

11. Mochtar Riady, 87

Lippo Group • Property, investment, media

$2.2 billion

One of the country’s most innovative senior business leaders, Dr. Mochtar Riady has built Lippo
Group into a pan-Asian diversified business empire. In January, he launched his 336-page
autobiography “Man of Ideas” at an event which attracted high-profile guests including former
President Susilo Bambang Yudhoyono. With a particularly strong presence in the property
market, the Lippo Group is positioned to benefit from the middle class boom and has continued
to expand into new areas. In the past six months, it has emerged as a leading player in the
country’s e-commerce industry with MatahariMall.com. Mochtar has a lifetime commitment to
healthcare and education. Siloam hospitals are being built in many cities across the country and
he established the Mochtar Riady Institute of Nanotechnology as the country’s leading cancer
research center in 2006. The group’s educational foundation manages 52 schools and two
universities, including leading private university Pelita Harapan.

12. Theodore P Rachmat, 67

Triputra Group, Adaro • Mining, agribusiness, manufacturing, service

$2.1 billion

Part of the extended Astra clan of businessmen led by the late William Soeryadjaya, Teddy has
built Triputra Group into a major diversified business. He has interests in rubber and palm oil
plantations, coal, motorcycle distribution, credit provision and transportation, while ASSA Rent
is the largest motor vehicle rental outfit in the country. He is still on good terms with Astra
International, teaming up with the country’s largest automaker to produce motorcycle spare
parts. He is a major investor in Adaro Energy, which operates the country’s second largest coal
mine, which is now pushing into the power generation sector. With commodity prices sharply
down, both Triputra and Adaro have seen a fall in revenue. A strong proponent of open markets,
Teddy has been calling for Indonesia not to erect trade barriers.
13. Sjamsul Nursalim, 73

Gajah Tunggal Group • Tires, retail, property

$2.05 billion

Indonesia’s consumer boom has been good for Sjamsul Nursalim. He and his wife Itjih own the
largest integrated tire manufacturing outfit in Southeast Asia. Shares of Gajah Tunggal are up
20% in 2016, rebounding after a sharp fall in 2015 on the back of the company’s new strategy to
export to new markets in South America and a pick-up in domestic sales. They also have a strong
presence in Indonesia’s retail sector with Mitra Adi Perkasa (MAP), which owns more than 100
international brands including Starbucks, Burger King, Samsonite and Golf House. Daughter
Sherry runs the family’s philanthropic activities which include a number of conservation
projects.

14. Peter Sondakh, 64

Rajawali Group • Energy, plantations, investment

$2 billion

A consummate dealmaker, Sondakh sold a 37% stake in his palm oil company Eagle High
Plantation for $632 million to Felda Global Ventures, a Malaysian state-owned company in July
last year. The deal, he said, was premised on FGV providing technology for downstream
processing. He is said to have close ties with Malaysian Prime Minister Najib Razak and has
been mentioned in Malaysian media as a possible investor in 1 Malaysian Development Bhd.
(1MDB), the scandal-ridden state-owned investment company. Sondakh founded Rajawali
Group in 1984 and has been active in the development of the country’s telecommunications,
media, transportation, mining and cement industries. He also owns the St. Regis hotels in
Jakarta, Bali and Langkawi, Malaysia.

15. Tahir, 64

Mayapada Banking Group• Duty-free retailing, banking, property

$1.95 billion

The son of a rickshaw-maker from Surabaya, he founded Mayapada group in 1986. Today the
group includes Mayapada Bank, hospitals and duty-free shops as well as interests in media and
real estate. Married to a daughter of Mochtar Riady, he recently expanded his property business
by buying a building in Japan. Last year he was awarded the Bintang Jasa Utama medal of honor
by President Joko Widodo. Tahir is well known as a philanthropist, backing Bill and Melinda
Gates’ Global Fund and supporting his own Tahir Foundation, where “Our vision is a better
Indonesia where every individual has access to adequate healthcare and education that enhance
their quality of life.”

16. Martua Sitorus, 57

Wilmar International • Plantations, food

$1.9 billion

Having built his fortune in palm oil, the tycoon is now expanding aggressively into property in
partnership with his brother Ganda and partner William Kuok Khong Hong. Under Singapore-
based Aroland Holdings, they are currently developing 1 Undershaft, planned to be one of the
tallest skyscrapers in London, and also want to build one of the tallest buildings in Jakarta. The
two brothers have also formed Gamaland Group in Indonesia, resuscitating the stalled Sentosa
Residences development in East Jakarta. Singapore-listed Wilmar International continues to
expand its palm oil plantations in Indonesia although its share price has taken a beating, losing
nearly 37% of its value over the past five years.

17. Edwin Soeryadjaya, 66

Saratoga • Investments, mining, airline

$1.8 billion

Edwin co-founded Saratoga Investama Sedaya, the country’s largest private equity outfit, with
Sandiaga Uno in 1998 and earlier this year his son Michael W.P. Soeryadjaya replaced Sandiago
as the company’s president director. Saratoga last year posted a 226% increase in net income to
$60 million thanks to higher returns from infrastructure and natural resource investments.
Saratoga’s investment portfolio at the end of 2015 reached Rp22.2 trillion ($2 billion).

18. Eddy Sariaatmadja, 65 and Fofo Sariaatmadja, 53

Elang Mahkota Technology • TV, technology

$1.8 billion
Brothers Eddy and Fofo Sariaatmadja have seen their net worth rise on the back of increased
income from their television stations and investments in the country’s fast-growing e-commerce
sector. The Emtek Group, which the brothers control, invested $175 million in PropertyGuru
Group, Asia’s leading online property portal, which has more than 11 million users across a
number of countries. The group also has investments in various other local websites including
Bukalapak.com (online shopping and marketplace), Lakupon.com (online vouchers) and
Bobobobo.com (travel and lifestyle). Emtek subsidiary Kreatif Media Karya (KMK) also owns
and operates news portal Liputan6.com, one of the major news websites in Indonesia.

19. Hary Tanoesoedibjo, 51

MNC Group • Media, finance, property, infrastructure

$1.75 billion

An admirer of Russian President Vladimir Putin and an exponent of Muay Thai boxing, Hary
Tanoesoedibjo has built the largest media company in Indonesia. He has teamed up with US
property mogul and presidential aspirant Donald Trump to build a six-star luxury resort and
residential development in Bali under the Trump Hotel Collection. He is building a toll road
from Ciawi to Sukabumi, where he intends to build a range of properties including a Disney
theme park. In January, his MNC Group launched MeTube, a video-streaming outfit that airs
content from the group’s television programs. So far his excursions into politics have been less
than successful, but he’s still persisting, most lately with the formation of the Indonesian Unity
Party (Perindo).

20. Haryanto Adikoesoemo, 70

AKR Corporindo • Oil trading, distribution, chemicals

$1.7 billion

Renaissance Man Haryanto has a collection of some 800 works of art and is behind the
development of the Museum of Modern and Contemporary Art in Nusantara (MACAN), which
when it opens next year is expected to fill a large gap in the Jakarta art scene. Haryanto, who
runs the business started by his father Soegiarto, doesn’t look like running out of cash to fund his
philanthropy: AKR Corporindo made it big in oil trading and distribution and logistics and is
pressing ahead with an intergrated industrial estate in Gresik, East Java, which boasts its own
port and aims to provide logistics, energy and infrastructure solutions to industries investing in
Indonesia. AKR is also active in hotels with hotels in Manado, North Sulawesi and Bali and
other property interests in Jakarta, Bandung and Surabaya.
21. Jakob Oetama, 85 and Lilik Oetama

Kompas Gramedia Group • Print media, TV, hotels, bookstores

$1.6 billion

Jakob Oetama remains a major force in Indonesia media. The slowdown in print media has made
the Kompas Group push for more opportunity in digital-based business, with Kompas.com now
the second biggest online portal in Indonesia. The printing business still makes money and the
group also has publishing and bookshop operations. With the help of son Lilik, Jakob has
diversified into a number of other areas. Their Kompas Gramedia Group has hotels under the
Amaris, Santika and Royal Collection brands, strategically placed to grab business at different
levels of the market, and has business in MICE. In a departure into manufacturing, the group
makes tissue products. Jakob told a staff gathering in February to celebrate 50 years in business
that, while he wouldn’t be around to see it, he wanted the group to stay strong for at least another
half-century.

22. Ciputra, 85

Ciputra Group • Property

$1.6 billion

A pioneer of large-scale township development, Ciputra’s footprint today stretches across

Southeast Asia through his various companies. The group, which bears the founder’s name, has
also expanded to China and India where he has built large townships. His listed entities, PT
Ciputra Development Tbk. and PT Ciputra Property Tbk. recently raised close to $400 million to
finance residential and commercial property projects in Java, Batam, Sulawesi, Sumatra and
Kalimantan. Ciputra’s love of the arts is expressed in his Artpreneur space at Ciputra World in
the Casablanca area of South Jakarta.

23. Aksa Mahmud, 71

Bosowa Corporation • Cement, infrastructure, trading, energy

$1.55 billion

A father of five with 12 grandchildren, Aksa Mahmud continues to oversee his growing business
empire despite having handed day-to-day operations over to his children. Already a major
national player in infrastructure, manufacturing, finance, property and automotive spare parts,
the group now has its sights set on becoming a global player under his son Sadikin, who took
over as CEO last year. Brother- in-law Jusuf Kalla is Indonesia’s vice president.

24. Djoko Susanto, 67

Sumber Alfaria Trijaya • Retail, minimarts

$1.5 billion

Having made Alfamart the top mini-market operation in the country, Djoko is now turning to
capturing the ready-to-drink tea market, estimated to be worth around $2 billion. The tycoon has
formed a partnership with Thailand’s Ichitan Group and Japan’s Mitsubishi to produce and
market green tea in the country. Djoko has also entered a joint venture with SM Investment to
open Alfamart stores in the Philippines. Recently Alfamart donated free spectacles and school
bags to thousands of school children in Jakarta.

5. The Nin King, 85

Argo Manunggal Group • Property, industry, textiles

$1.5 billion

The Nin King made his fortune in textiles with Argo Pantes but is now just as famous for his
venture into property under Alam Sutera Realty, which has built a major township on the
southern edge of Jakarta. Following a successful listing of his Mega Manunggal Property in June
last year on the Indonesian Stock Exchange, the tycoon has teamed up with Singapore’s
sovereign wealth fund GIC to develop logistics warehouses in Indonesia over the next three
years with a focus on the Greater Jakarta and Surabaya regions. The target is to achieve 500,000
sq m of net leasable warehousing to meet the demand for sophisticated inventory systems.

26. Lim Hariyanto Wijaya Sarwono, 87

Harita Group • Mining, plantations

$1.5 billion

Lim made his fortune in palm oil but has expanded to mining. He broke ground on the
construction of a $320 million nickel smelter in Obi Island, South Halmahera in North Maluku
province late last year. His Harita Group controls more than 120,000 hectares of mature oil palm
trees producing more than 1 million tons of crude palm oil. Bumitama Agri, a Singapore Stock
Exchange-listed operation, is a joint venture with Singaporean billionaire Lee Shin Cheng,
through his IOI Corp., and with Wilmar International.

27. Benjamin Jiaravanon, 43 and Jialipto Jiaravanon, 41

Charoen Pokphand Indonesia • Animal feed

$1.5 billion

Charoen Pokhpand, part of the major Thai-based group, is Indonesia’s largest producer of animal
feed, chicken meat, shrimp production and has interests in other consumer goods. Founded by
Sumeth Jiaravanon, siblings Benjamin and Jialipto run the Indonesian operation. Jialipto is
having to fight back against a probe by the Business Competition Supervisory Commission
(KPPU) into allegations that major feed producers have created vertically-integrated operations
that have acted as a cartel to squeeze out smaller players. Company officials say that’s
impossible, claiming that there’s no money in the business. Benjamin controls the shrimp
business in Lampung but that too has had problems in the past. Benjamin is married to Erlian
Katuari, the third daughter of Wings Group founder William Katuari.

28. Suryadi Darmadi, 66

Duta Palma Nusantara Group • Palm oil plantations

$1.45 billion

Surya has seen his net worth tumble in line with lower global commodity prices. His Duta Palma
Nusantara Group is a major player in the palm oil sector through Darmex Agro, which controls
more than 120,000 hectares in Kalimantan and Sumatra. He also owns properties in Jakarta and
Pekanbaru, Riau. There appears to have been no follow-up on attempts by the Attorney
General’s Office last year to call him for questioning in relationship to a case that saw Riau
Governor Riau Annas Maamun go to jail for bribery. He failed to answer three summonses,
saying he was sick.
29. Kartini Muljadi, 84 and Handojo Muljadi, 50

Tempo Group • Pharmaceuticals, cosmetics

$1.4 billion

Kartini was a senior respected lawyer before she went on to start what over the last decade has
become a major pharmaceutical and consumer goods company. The family controls more than
70% of Tempo Scan Pacific through its investment company Bogamulya Nagadi. Married to the
late Djojo Muljadi, the couple had four children: Kartini Sujipto Husodo, Dia Muljadi, Gunawan
Muljadi and Handojo Selamet Muljadi. It fell to Handojo to take control of the operations of the
company. Kartini recently had to face questions from the Corruption Eradication Commission
over Jakarta Governor Basuki Tjahaja Purnama’s purchase of land from Sumber Waras Hospital,
where she is head of the hospital’s foundation.

30. Murdaya Poo, 75 and Siti Hartati Murdaya, 70

Central Cipta Murdaya • Poperty, industry, power plants

$1.4 billion

Siti Hartarti is back to normal life after a short spell in jail for bribing a regional head to ease
licensing processes for a palm oil project. The break allowed the second generation to take a
bigger role in the group she founded with husband Murdaya Poo. Their son Prajna Murdaya,
who is married to Irene Teja of Pakuwon Group, has taken control of the League brand of sports
footwear. The Murdaya fortune comes from Central Cipta Murdaya (CCM), which is engaged in
property, energy, manufacturing, retail and information technology. Siti is a leading figure in the
Chinese-Indonesian business community and in the past was head of the Indonesian Buddhist
Council (Walubi). Both she and her husband have long been known as politically adept.

31. Hartadi Angkosubroto, 63 and Husodo Angkosubroto, 61

Gunung Sewu Group • Agrobusiness, property, life insurance

$1.3 billion

The Angkosubroto family of the Gunung Sewu group is best known for its interests in the
property sector through Duta Anggada. With older brother Hartadi still holding the reins and
Husodo also active, the property unit owns and manages buildings in business areas throughout
Jakarta and other big cities in Indonesia. The family has widespread links within the business
community, not least through marriage, with Husodo’s sister married to Trijono Gondokusumo
of Intiland, another significant player in the property business. The brothers also operate in life
insurance, where Gunung Sewu is one of the biggest local names, the agribusiness sector with
Great Giant Pineapple and a consumer goods division that produces footwear. In 2013 the
brothers bought PT Akbar Indo Makmur Stimec, a listed coal producer. Hartadi said at the time
that he believed there was a great future in coal, whose price then proceeded to collapse.

32. Dato Low Tuck Kwong, 67

Bayan Resources • Mining

$1.25 billion

Dato Low has not suffered the travails of so many in the coal business. His Bayan Resources has
long-term contracts with national and international buyers that have softened the fall in coal
prices. Born in Singapore, he moved to Indonesia in 1972 but now his operations spread across
the national boundaries. In the city-state, he controls listed Manhattan Resources. The two
operations are a good fit: the Singapore-listed company operates logistics and other support
services to the coal mining and oil and gas industries in Indonesia. The company also developed
the Connexion project above Farrer Park MRT Station. His daughter Elaine Low has been
groomed to take control of the company. She and Low’s other children are reported to be
Singapore citizens, while Low himself is said to have permanent resident status there.

33. Mu’min Ali Gunawan, 77

Panin Group • Banking, insurance, property

$1.2 billion

Mu’min Ali Gunawan or Lie Mo Ming was one of the founders and shareholder of the three
banks that merged into Panin Bank in 1971. Mu’min served as an adviser of PT Panin Bank Tbk.
In a latest development, Japan’s Dai-ichi Life insurance company has agreed to pay Rp 3.3
trillion for a 40 percent stake in Panin Life, a life insurance company controlled by his family.
Mu’min’s group still does well out of the financial services business and it has significant
interests in property along with Agung Podomoro Land in Senayan City, as well as other
properties throughout Jakarta. His late wife was the sister of Mochtar Riady.
34. Rusdi Kirana, 53

Lion Air Group • Airline

$1.2 billion

Rusdi is now the deputy chairman of the National Awakening Party (PKB). Skeptics believed his
entry to politics and his appointment to President Joko Widodo’s advisory board was motivated
by a desire to keep his business growing and make it untouchable. That proved not to be the case,
since the government turned down his move to build a 5,500-hectare freight-only airport in
Banten’s Lebak regency. The Department of Transportation nixed the plan because of possible
safety issues due to overlapping flight paths. That leaves Lion wondering what to do with all that
land. Rusdi’s Lion Air Group keeps growing and now operates Lion Air, Batik Air and regional
airline Wings Air as well as subsidiaries in both Malaysia and Thailand. Lion Air pioneered the
low-cost carrier market in Indonesia and its no-frills model is also proving a success in its other
ASEAN ventures.

35. Teddy Thohir, 81 and Garibaldi Thohir, 51

TNT Group • Energy, mining, multi-finance

$1.1 billion

Teddy Thohir made his fortune out of automotive trading, multi-finance, property, energy and
the mining business. Along with William Soerjadjaja, he founded Astra International and then
went on to start the Adaro Group, one of Indonesia’s biggest coal mines. Oldest son Garibaldi
runs Adaro and unlike many coal miners, it turned a net profit of Rp1.981 trillion last year, down
14.3% compared to the 2014 figure. Garibaldi, or Boy as he’s known, admits the coal business
isn’t as easy at it used to be. He’s also building a $830 million ammonia plant in South Sulawesi.
Meanwhile second son Erick, 46, runs the media-focused Mahaka Group and is the president and
majority owner of Italian football club Intermilan FC, where he has admitted he’s seeking a
strategic partner to take 20% of the club. Teddy’s daughter Rika Thohir is low profile but is
known to have her own business interests.
36. Husein Djojonegoro, 6

ABC, Orang Tua Group • Consumer goods

$1.1 billion

The Djojonegoro family has taken what is known as both the Orang Tua Group and the ABC
Group to the top ranks of Indonesia’s consumer products companies. With more than 40 food
brands the operation competes head-to-head with Unilever Indonesia and the Mayora Group.
Husain has handed much of the day-to-day work to his children, with son Hamid playing a
leading role. He raised Rp4.5 billion from nine of the family companies for the re-election
campaign of Jakarta Governor Basuki Tjahaja Purnama. Purnama, or Ahok as he’s usually
called, said Hamid had no issues with the donation being made public. Many cried foul, saying
that represented illegal gratification. The family has a wide network of relationships within the
business community, and is especially close to the Riady family. Husain’s grandson Soeharto
Djojonegoro married Caroline Riady in 2005 and another, Soebroto, married Stephanie Riady in
2012.

37. Martias Fangiano, 78 and Tjiliandra Fangiono, 40

First Resources • Palm plantations

$950 million

Martias is a respected veteran in the field of forestry and plantations in Sumatra and Kalimantan
but he handed over control of Singapore-listed First Resources more than a decade ago. The
power behind First Resources now is son Ciliandra Fangiono, who has played a pivotal role in
developing the family business. Low profile and well-educated, with an economics degree from
Cambridge University, he is one of Indonesia’s youngest tycoons. He spent a couple of years
working for Merrill Lynch in Singapore before returning home. In the 23 years brother Sigih and
he have been active in First Resources, its plantation acreage has grown from 100,000 hectares to
240,000 hectares.
38. Sugianto Kusuma, 65

Agung Sedayu, Bank Artha Graha • Property, banking

$910 million

Suginto Kusuma or Aguan prefers to maintain a low profile and it must have been a shock to find
himself banned from overseas travel on April 3 at the request of the Corruption Eradication
Commission (KPK). Since then his son Richard has been grilled by the KPK on two occasions
over dealings with the Jakarta Regional Assembly over the reclamation project off the city’s
north coast. Assembly member M. Sanusi and Ariesman Widjaja, CEO of their Agung Sedayu
Group, have both been named suspects in the case. The company is planning to build Pluit City
on some of 17 artificial islands in Jakarta Bay. Sugianto is a significant player in property and he
partners with Tomy Winata in the Sudirman Central Business District. He is active in social
activities through Budha Tzu Chi Indonesia, helping provide shelter for low-income people.

39. Handojo Santoso, 52

Japfa Comfeed Group • Animal feed & Property

$910 million

Japfa Comfeed has been caught up in cartel allegations along with other feed operators. The
business is managed under Singaporean-listed company Japfa Ltd. The company, founded by the
late Teguh Santosa under the name Ometraco Group, is Indonesia’s second largest animal feed
producer. Handojo also has investments in property, including Jakarta’s iconic Plaza Indonesia,
in partnership with members of his extended family and he is looking to invest in fruit
plantations. He is married to Farida Gustimego, a niece of Syamsul and Itjih Nursalim of the
Gadjah Tunggal Group. Known for his casual style, Handojo is known to be a motoring
enthusiast and supporter of extreme sports. Son Renaldo Santos is taking an increasing role in the
business.

40. Gunawan Jusuf, 62

Sugar Group Companies • Sugar, bio-energy

$905 million

Gunawan’s Sugar Group is one of Indonesia’s largest sugar producers with three active
companies in the sector based in Lampung: PT Gula Putih Mataram, Sweet Indo Lampung
(producer of the popular Gulaku brand) and PT Indo Lampung Perkasa. While business remain
his main focus of attention, Gunawan is also looking into the potential for sugar cane to become
a source of green energy in the future. While he has made some enemies during his career, he has
a brain to match his business skills and earned a master of science degree from the University of
Gadjah Mada. His thesis has been rewritten as the book The Blue Gold. His son Julian Iverson
Souhault, 34, also studied at the same prestigious university and is active along with his siblings
in running the family business, which now extends to coffee producer and retailer JJ Royal.

41. Johan Lensa, 66

J Resources • Property

$900 million

While performance at his coal and mining business Bukit Makmur Mandiri (BMM) has slowed
due to the collapse in commodity prices, Johan Lensa also has significant interests in property.
Through investment arms J Resources Asia Pacific and Bukit Makmur Widya the group controls
stakes in the Gondokusumo family’s Intiland Development as well as Luntungan Honoris’
Modern Land. Johan also has a significant stake in the Australian property market through
Golden Property Pty. Ltd. The family hasn’t stopped moving forward: in February, J Resources
announced it had arranged a syndicated loan of $208.5 million from Indonesia Eximbank, Bank
ICBC Indonesia and Bank Permata to start a new gold mine and smelter in North Sulawesi.
Johan’s son Jimmy Budiarto is an important player in the team, helping grow business in
Indonesia and elsewhere in Asia.

42. Tomy Winata, 58

Artha Graha Group • Banking, hotels, agribusiness

$900 million

Tomy is becoming best known for his Tambling Wildlife Nature Conservation Park in Lampung,
which rescues endangered Sumatran tigers, increasingly at risk to habitat destruction. However
in Bali he’s notorious for his controversial reclamation project in Benoa Bay. He has extensive
property interests including major stakes in Jakarta’s Sudirman Central District Business
(SCDB) and Borobudur Hotel. His Artha Graha Bank is a mid-level lender, while he owns a
large fisheries processing unit through Maritim Timur Jaya, operating in Maluku. To support the
fisheries business, Tomy says he will establish a shipping company connecting Indonesia’s
islands as well as a logistics business to help boost inter-island trade. His Artha Graha Network
also wants to enter the metal business through Artha Metal Synergy, which will be
commissioned by the end of this year to supply demand for metals in domestic industry.

43. Hashim Djojohadikusumo, 62

Arsari Group • Investment, energy

$900 million

Hashim lost a significant amount of money he put into his brother Prabowo Subianto’s
presidential election campaign in 2014 but he continues to put a lot of effort into politics, where
he is deputy chairman of the Greater Indonesia Movement (Gerindra), Prabowo’s political party.
Gerindra is currently busy marshaling its forces to fight the Jakarta gubernatorial election next
year. His two children, Hario and Rahayu Saraswanti, both became members of the House of
Representatives for Gerindra in 2014. The interest in politics goes back a long way: Hashim and
Prabowo’s father Soemitro Djojohadikusumo was an important player in Indonesian political life
during both the Sukarno and Suharto periods. Hashim continues to guide his Asari Group, which
has diversified interests in rubber plantations and tin mining and is developing renewable energy
solutions including water power and bio-energy using the indigenous aren tree (arenga pinnata).

44. Benny Subianto, 75

Persada Capital Group • Coal, investment

$845 million

Benny Soebianto, along with TP Rachmat and Edwin Soeryadjaja, cut his teeth at PT Astra
International and in 2008 acted as the “three musketeers” who helped it avert a crisis. The three
are old friends and now have their own business empires. Benny uses his investment company
Persada Capital as a vehicle to operate in the coal industry and other business. He has an interest
in Adaro Group, the country’s second-biggest coal miner, as well as in Teddy Rachmat’s
Triputra Group, which runs a sprawling range of businesses in mining, plantation, logistics and
industry. In the property business he has interest in the Legian Bali Hotel.
45. Alexander Tedja 72 and Melinda Tedja, 72

Pakuwon Group • Malls, property

$840 million

The husband-and-wife team of Alexander and Melinda run leading property business Pakuwon
Group, which began life in Surabaya but has now made a major mark on Jakarta. Two
prestigious superblocks, Kota Kasablanca and Gandaria City, set an early mark in mixed-use
developments. Alexander and Melinda now have more time to spend on their interests, which
include fine art, while son Eiffel Tedja has taken charge of developing the family business. He is
married to Imelda Dharma, the daughter of Surya Dharma of Gadjah Tunggal Group. Meanwhile
daughter Irene Teddja is married to Pradjna Murdaya Poo of Central Cipta Murdaya.

46. Sandiaga Uno, 47

Saratoga, Recapital • Private equity, investment

$830 million

A solid business foundation behind him, Sandi Uno now wants to try his hand at politics and is
pushing to be the Greater Indonesia Movement’s (Gerindra) candidate in next year’s Jakarta
governor election. He’s already a deputy chairman of the party, and in April he was named as
one of three possible candidates for the race. He resigned his executive position at investment
capital firm Saratoga Investama Sedaya in 2015 but retains a major shareholding in the company,
which has a solid stake in Adaro Coal. Other figures involved in Saratoga are Edwin Soerjadjaja
and TP Rahmat. Sandi is also involved in Recapital, another investment firm, where he partners
with Rosan Roslani, now the head of the Indonesian Chamber of Commerce and Industry
(Kadin).

47. Luntungan Honoris, 67

Modern Group • Property, trading, mining

$800 million

The Honoris family has worked hard over the years to develop Modern Group, brushing off a
range of shocks to the Indonesian economy over the years, demonstrating an ability to maneuver
to safe ground when needed. The collapse of the photographic film and print industry, for
instance, led to a successful shift to the 7-Eleven mini-mart franchise, which is managed by
Sungkono Honoris’s son Henry. Patriarch Luntungan continues to manage the property business
along with son William, while Siwie Honoris takes responsibity for Modern Industry which
produces LED lamps and electricity equipment which it supplies to state power utility PT PLN.
The family also has interests in mining and is said to be looking at the palm oil and energy
sectors. The family has a big land bank in Jakarta and the surrounding area, providing a strong
asset base.

48. Boenjamin Setiawan, 83 and family

Kalbe Farma • Pharmaceuticals

$800 million

Boenjamin started his pharmaceutical business in his garage back in 1966 and has turned it not
only into a major force in the regional pharmaceutical industry but has also branched out into
consumer goods, where it competes head-on-head with industry giants, and in hospitals, under
the Mitra Keluarga brand. Boenjamin’s main interest is stem-cell research and he has set up the
Indonesia International Institute of Life Science (i3L) in collaboration with Swedish institutions
and offering programs in healthcare, marine science and forestry. The institute’s mission,
according to its website, is “to be a leading and globally connected interdisciplinary institution
that impacts society through science and innovation.” In 1992 he founded Kalbis Institute, which
concentrates on education in business and accounting and information science. Boenjamin
handed over control of Kalbe Farma many years ago and it is now led by Bernadette Ruth
Irawati Setiady.

49. Jusuf Kalla and family, 74

Kalla Group • Trading, heavy industry, shipping

$750 million

Vice President Jusuf Kalla plays no part in his family’s business empire, but it keeps growing
without his hand anywhere near the tiller. Some say the mixture of politics and business has been
very fruitful for the native of South Sulawesi and the Kalla Group has benefited from the many
infrastructure projects being built in eastern Indonesia. JK, as he’s often known, is in his second
term as vice president, having partnered with former President Susilo Bambang Yudhoyono in
his first term of office. His tendency to speak his mind apparently upset Yudhoyono, who
dumped him as his running mate in 2009. Following that, he went on to be the successful head of
the Indonesian Red Cross before he was paired with Joko Widodo in the 2014 elections. He has
been busy exercising his skills as a mediator to heal the deep rift in Golkar Party, where he is a
former chairman.

50. Osbert Lyman, 66

Lyman Group • Property, plantations

$740 million

Osbert’s Lyman Group has long experience in the property business, having developed some
prestigious Jakarta buildings such as Kota BNI. The group is now building Casa Domaine, a
twin-tower development set on 12 hectares of land next to the Shangri-La Hotel. Osbert also has
Kota Baru Parahyangan in Bandung. In plantations, the family controls a significant share in a
total of 240,000 hectares of land, with around a third already planted with palm oil. The family
interest in the plantations is managed under investment arm Lyman Investindo.

51. Jan Darmadi, 75

Jan Darmadi Group • Property

$720 million

A veteran property player Jan controls significant shares in prestigious property projects in
Jakarta’s “golden triangle” central business district. Son Jeffrey Darmadi is in control of the
operation of the company, developing buildings for residential and office space in the popular
Setiabudi area of Kuningan. Jan himself retains a strong business and political network, assets
that saw him take a place at the presidential palace as a member of President Widodo’s advisory
team along with other businessmen such as Lion Group’s founder Rusdi Kirana and Sidarto
Danusubroto, who is close to the family of former President Megawati Sukarnoputri. As one of
the signatories to an offer of land at the Sumber Waras Hospital to the Jakarta city government,
Jan – as head of the Sumber Waras Foundation – could get dragged into attacks on Jakarta
Governor Basuki Tjahaja Purnama.
52. Prajogo Pangestu, 66

Barito Pacific Group • Petrochemical

$710 million

Well known as one of the most creative minds in Indonesian business, Prajogo turned around
what was once the world’s largest plywood producer to concentrate on the petrochemical
industry. He controls the Chandra Asri Petrochemical Center and a number of subsidiaries
include a joint venture with French tire producer Michelin. His Star Energy operates the 110
MW Wayang Windu geothermal power plant in West Java and has other oil and gas operations.
The business also has interests in palm oil plantations in Kalimantan and in the property sector,
where it controls an industrial park under PT Griya Idola. Son Agus now serves as president
director of Barito Pacific, while Prajogo is the president commissioner.

53. John Chuang, 66

Ceres Indonesia, Petra Food • Agribusiness, energy, investments

$700 million

John, together with his brothers Joseph and William, has done very well out of growing demand
for chocolate as the middle class enjoys greater purchasing power. Petra Foods is now
acknowledged as one of the world’s largest producers of cocoa and chocolate, with Swiss-based
Barry Callebaut a shareholder. Popular chocolate brands Silver Queen, Ceres and Delfie have
improved in quality over the years and can now take on major international brands. Born in
Garut, West Java, John now most spends most of his time in Singapore taking care of the
investment arm of the company and international marketing. Joseph prefers to stay in Cibitung,
West Java, home of Petra’s branded products division. Youngest brother William takes care of
subsidiary PT Ceres in Bandung producing bulk chocolate.

54. Eka Tjandranegara, 69

Mulia Group • Property, industry

$690 million

Eka Tjandranegara controls a majority interest in Mulia Group, a major property developer
which owns and manages thousands of square meters of office space in buildings under the
Mulia brand, the hotel of the same name, and the prestigious Wisma GKBI. In Bali, the family
operates 500 Mulia Resort rooms, making it one of the biggest resort operator on the island. The
group also controls a high-end ceramic business and a glass-making operation which exports
65% of its production. In Papua New Guinea, the family controls shares in Papindo Group,
which operates more than 40 supermarket outlets and department stores and other trading
business throughout the country. Not surprisingly, Eka is well-connected, not least by marriage.
His son Ekman Tjandranegara is married to Lareina Halim Kusuma, the daughter of Sugianto
Kusuma. Brother Djoko Tjandra, on the other hand, is on the run after fleeing corruption charges
in 2009.

55. Mucki Tan, 57

Rodamas Group • Infrastructure, energy, construction

$660 million

Mucki Tan is the second generation to lead Rodamas Group, which was founded by Tan Sioeng
Kie. He has transformed it into a diversified business group with interests ranging from
construction materials to consumer goods, with strong relationships with Japanese counterparts.
Rodamas units include glass manufacturing with Asahi Flat Glass, personal care products with
Kao Corporation, packaging with Dai Nippon and chemicals, also with Japanese partners.
Recently the group entered the energy and construction sectors to tap into the booming
infrastructure sector. Media-shy, he is rumored to enjoy a lavish lifestyle that includes throwing
private parties for his friends and business partners.

56. Hutomo Mandala Putra, 54

Humpuss • Investment, shipping, property

$655 million

Tommy, as the often-controversial youngest son of the late President Suharto is known, has had
a varied life: magnate, jail-bird and ladies’ man being just a few of his many starring roles. He
recently threatened to nominate for the leadership of Golkar Party until it was pointed out that his
jail time – which included a sentence for plotting the murder of a judge who had jailed him for
corruption – made him unelectable. He continues to run the Humpuss Group, a major player in
energy logistics with PT Humpuss Intermoda. He has property interests under KG Property,
which developed superblock Mangkuluhur City at Semanggi in Central Jakarta and premium
apartment complex Jayanti City. Going against the flow, he’s believed to have recently acquired
some coal concessions in Kalimantan. He’s reported to be eyeing the proposed Makassar Energy
Center, an integrated energy complex planned for the South Sulawesi capital.
57. Kuncoro Wibowo, 61

Ace Hardware • Houseware, equipment

$655 million

Kuncoro turned his late father Wong Jin’s small shop in Jakarta’s Glodok Chinatown into a
sprawling do-it-yourself empire under the Kawan Lama Group. Operating under a license from
the US brand, Ace Hardware stores offer under-one-roof convenience for home-related hardware
from screws and power tools to dog collars and kennels. Listed Ace Hardware Indonesia has set
aside up to Rp250 billion for expansion this year although vice president for investor relations
Helen Tanzil has admitted that the company is keeping an eye on the performance of the
economy. That includes the value of the rupiah, whose slide last year impacted the cost of
imports. The company also operates Informa Furnishing, tool and gadget producer Krisbow and
retailer Toys Kingdom.

58. George Tahija, 58 and Sjakon Tahija, 63

Austindo Nusantara Jaya • Agribusiness, insurance, renewable energy

$650 million

The Tahija brothers’ Austindo Nusantara Jaya has seen slowing income due to low prices for
palm oil, one of their major lines of business. In the future, the sons of the late Julius Tahija
stand to do well from renewable energy with their investments in the sago and palm business
providing base material for biofuels, with extensive estates in Papua and Maluku. Demand for
sago as a foodstuff is also increasing, with demand strong from eastern European countries. The
group has 10,000 hectares planted with sago and a land bank of about 50,000 hectares. Sjakon is
a major donor to the Global Fund, which fights against AIDS, tuberculosis and malaria, and is
the main force behind the Jakarta Eye Center, one of Indonesia’s leading eye hospitals. George is
the founder and chairman of the Coral Triangle Center (CTC) board of trustees and chairman of
The Nature Conservancy (TNC) Indonesia Foundation.
59. Subianto Tjandra, 72

Ateja Group • Textiles, property

$650 million

Integrated specialty textile producer Ateja was founded by Subianto Tjandra and his brothers
Agus Surjadi Tjandra and Kurniadi Muljana Tjandra. The company is the market leader in
speciality industrial textiles and linings for the automotive industry and exports to more than 60
countries. The second generation has now taken charge, with Subianto’s son-in-law Beny
Judiharja and Arifin Tjandra the leading figures. They continue to adopt the founders’ principles:
that research and development are essential to maintain their market position, and that their
company should be seen as one big family, with its 3,000 workers occupying positions of
respect.

60. Harjo Sutanto, 76

Wings Group • Consumer goods

$640 million

A partner of Johannes Katuari in getting the Wings Group off the ground in the early years of
Indonesia’s independence, what began as a small outfit has grown into an empire. Harjo and his
family are said to control more than 35% of Wings Group, now the country’s second largest
consumer goods producer after Unilever. Harjo and his wife Yenny Lilian have four children:
Hanny, Fifi, Handoyo and Yenny Lillian. Oldest son Hanny is most active in business and is a
director at a host of companies operated by Wings or in partnership. Meanwhile Fify takes the
lead at Ecogreen, the Wing’s subsidiary active in oleo-chemical products.

61. Desi Sulistio Hidayat, 85 and family

Sido Muncul • Herbal Medicine

$640 million

Desy Hidayat and husband Yahya Hidayat carried on her father’s business, Sido Muncul,
developing the company from a small-scale maker of traditional jamu herbal drinks into the
country’s largest herbal remedy maker, with good sales on export markets. Son Irwan Hidayat
now runs the company, but applies his mother’s principle of maintaining unity and caring for the
less fortunate. The company led the field in transporting all of its sales force back to their
hometowns for the annual Idul Fitri holiday. Irwan continues to adopt his mother’s sense of
humility, saying it’s her, not him, who deserves to be listed among Indonesia’s richest. And, he
admits, he struggled to graduate from high school, preferring to sleep in late.

62. Bachtiar Karim, 59

Musim Mas • Plantations, chemicals

$630 million

As a major operator in the palm oil business, Bachtiar Karim has put Musim Mas on the
offensive to defend itself against charges that it contributes to deforestation and carbon
emissions. He has invested heavily to ensure that his company operates in a more
environmentally friendly manner. The company has joined the Fire Free Alliance, responding to
charges that the industry contributes to the fires that cause disastrous clouds of haze every year.
The company has also signed the Indonesia Palm Oil Pledge to operate without destroying the
environment, as well as joining the Sustainable Palm Oil Manifesto that promises to reduce
carbon emissions. Bachtiar manages Musim Mas with brothers Burhan and Bahari. The group
operates the largest palm oil refinery in Medan, North Sumatra and exports 80% of its product to
the international market. It is also a big player in the production of biofuels.

63. Soegiharto Sosrodjoyo, 82

Rekso Group • Beverages, property

$610 million

The Javanese businessman is the third generation of a dynasty that made its fortune by doing
what many people thought impossible: selling tea. His Rekso Group’s Teh Sosro is still a market
leader in the drinks business, buoyed through a tie-up with fast-food seller McDonald’s
Indonesia. The Soegiharto family also has interests in hotels in Jakarta and now in Bali, where
this year it launched the five-star Jumeirah resort and hotel, in a tie-up with the Dubai-based
group of the same name.
64. Sudhamek, 60

Garuda Food • Consumer goods

$590 million

Now a significant player in Indonesia’s consumer goods business, Sudhamek’s Garudafood rose
to prominence on the back of smart packaging and marketing of the humble peanut. Sudhamek
has developed Garudafood and investment arm Tudung Group from local players first into a
regional role and they now pull their weight on the international stage. Sudhamek has stepped
down from the top leadership position at his companies but continues to work on building the
intangible assets of his companies: trustworthiness, integrity and being a good corporate citizen.
He has a wide network of relationships across business and in many other areas of Indonesian
society.

65. Sofjan Wanandi, 72

Gemala Santini • Automotive parts, batteries

$580 million

Sofjan has finally been able to relax a little after handing over leadership of the Indonesian
Employers Association (Apindo), a major lobby group, but still acts as a senior member of the
advisory group working with Vice President Jusuf Kalla. A former student leader along with his
brother Jusuf, he was for many years the unofficial spokesman of the ethnic Chinese business
community in its dealings with former President Suharto and he still speaks out on controversial
issues. His business interests, which include the Gemala and Santini groups, are a major force in
the global automotive battery market and his family also has interests in wide-ranging businesses
including an alumina refinery project in Kalimantan. Sofjan, who has handed control of the
companies to son Luki, was honored late last year with the award of the Order of the Rising Sun,
Gold and Silver Star from the Japanese government for his contributions to bilateral relations.
66. AHK Hamami, 80

ABM Investment • Heavy equipment, energy, power

$570 million

AHK Hamami’s ABM Investment has been a major casualty of the government’s ban on exports
of unprocessed mineral ores. Unit Trakindo Utama, as the distributor of US heavy equipment
brand Caterpillar, was a major beneficiary of the mining industry but the ban on exports shrank
the size of the industry dramatically. The group has responded by diversifying to tap opportunity
in the energy market and recently opened a bonded zone warehouse serving the oil and gas
sector. In 2015, Trakindo won an award for its investment in education at the International Asia
Responsible Entrepreneurship Awards. Hamami has handed over operation of the business
operation to his children Muki, Anasala, Mia and Bari.

67. Tan Kian, 58

Dua Mutiara • Textiles, hotels, property

$570 million

Tan Kian started in trading in the shrimp business as a young man along with his family and
transformed himself into the owner and operator of some of Jakarta’s classiest properties. His
company Dua Mutiara is a specialist property developer targeting premium-class customers. His
Pacific Place shopping mall is the place to be seen and he owns the JW Marriot and Ritz-Carlton
hotels, Plaza Mutiara office building and Syailendra Apartments at Mega Kuningan, all top-
drawer properties. Appropriately, Tan enjoys the good life: his lavish lifestyle is known to extend
to premium cars including a Ferrari.

68. Purnomo Prawiro, 69

Blue Bird Group • Transportation

$560 million

Once the uncontested king of the taxi business, Purnomo is facing a difficult period as the
industry comes under siege from app-based transport applications like Uber and Grab. Formerly
known as the most user-friendly taxi business, Blue Bird used that reputation to push
aggressively into new markets, often upsetting small local operators. Now it is Blue Bird’s turn
to confront the creative destruction of IT-based competition. Reports that the company backed a
major demonstration of taxi drivers in Jakarta in March that turned ugly have done nothing to
improve the company’s public face. Purnomo’s daughter Noni Purnomo has taken charge of the
business and is having to look for a way out of its current problems. Blue Bird has strong
foundations to take on the new opposition: it has nationwide operations with more than 24,000
taxis, limousines, buses and trucks.

69. Agus Lasmono Sudwikatmono, 45

Indika Energy • Coal mining, construction, energy

$550 million

While his energy and mining company Indika Energy is struggling from the plunge in prices of
coal, Agus also has interests in media along with partner Wishnutama Kusubandio and other
young businessmen including Erick Tohir. Their media stable includes rising stars NetTV and
Radio Indika and a gossip tabloid. The TV station’s positioning as a channel for the young
generation provides vastly different fare to the usual soaps. It shouldn’t be surprising that Agus
knows how to keep youth engaged: in his youth he was the vocalist for thrash metal band
Nosferatu. He’s credited with rescuing the fortunes of the Subentra Group of his late father
Sudwikatmono and other family businesses when they were hit by the 1998 economic crisis.

70. Sutanto Djuhar, 87

First Pacific • Investments, property

$545 million

Sutanto Djuhar is the only surviving member of what was known as the “gang of four,” a
powerful group of businessmen who prospered during the Suharto era. He founded numerous
companies with different joint partnerships but mainly with the other members of the gang,
business legend Lim Sioe Liong, Sudwikatmono and Ibrahim Risjad. He was the driving force
in the creation of the Indocement business and Salim Group’s Bogasari Flour. Like Liem a native
of Fujian in China, he was a major donor in helping development in the former poverty-stricken
region. Sutanto is no longer involved in the business and leaves responsibility for the First
Pacific Group to son Teddy Djuhar and Anthoni Salim.
71. Wiwoho Basuki Tjokronegoro, 77

Indika Energy • Coal mining, construction, energy

$540 million

Among the oil and gas community, Wiwoho is known as a real oil man, with a solid education
and experience in the sector, gaining post-graduate degrees from the University of Kansas and
Stanford University. He partners in Indika Energy with Agus Lasmono Sudwikatmono, and is
president commissioner of the company. He is also a shareholder at Tripatra Group. Life is by no
means all about oil: he has served as head of the Indonesian Keris Association and is an investor
in a number of art galleries. He is married to artist Kartini Basuki, with whom he has three
children. Son-in-law Wishnu Wardhana and son Indracahya Basuki play pivotal roles in Indika,
guiding the company to become an integrated energy operation.

72. Heru Hidayat, 43

Inti Agri Resources • Fish Breeder, Energy

$530 million

Heru Hidayat of Inti Agro Resources (IAR) operates in fish breeding. He listed his company in
2009. Heru has been a pioneer in producing colorful aquarium fish including the popular
Arowana species. A number of sub-species have been developed, including the Red Arowana.
Business was not always a success: Heru started out in the fish breeding business with PT Inti
Kapuas Arowana, but that failed to develop, and it was only when he formed IAR that he scored
well with consumers. Not content with dominating the domestic market for the fish, he is now
selling on export markets. He also has significant interests in coal in Kalimantan and in shipping
company PT Trada Maritime.

73. Amirsjah Risjad, 49

Risjadson Group • Investment, plantations, energy

$515 million

The legacy of the late Ibrahim Risjad, one of the “gang of four” who prospered during the
Suharto era, Risjadson Group is now run by siblings Amir, Rizal, Dina, Dedey, Selviya, Zarani
and Radian. The group has significant investments in operations such as cement maker
Indocement. With Amir taking the lead in management of the company, he has restructured the
business, selling some cement assets and land in Kalimantan and turned to concentrate on
energy, food and power plants. Amir sees financial benefit in foods, including a vegetable,
ginger and tropical fruit business in East Java. The family also controls the majority of shares in
small Bank RSI.

74. Hendro Gondokusumo, 66

Intiland • Property

$510 million

Hendro S Gondokusumo’s Intiland is finishing work on a number of major projects but letting
others – including the huge Melati development in Central Jakarta - wait until the property
market improves. His headquarters on Jakarta’s Jl. Jend. Sudirman says a lot about his style: its
storied terraces are draped with greenery in what was an early Jakarta ‘green’ property. Concern
for design is also evident at the South Quarter development on Jakarta’s southern ring road. The
Fairpoint Apartment project in Kuningan, South Jakarta, also aims for the elite market. Hendro’s
father fled to Indonesia to escape the war in 1940 and settled down in Malang in East Java.
Hendro himself is strongly Jakarta-focused but he also has the Graha Golf development in
Surabaya. Brother Triyono Gondokusumo is an integral part of the business and is married to
Lanny Angkosubroto of the Gunung Sewu property group.

75. Iwan Budi Brasali, 69 and Aldo Brasali, 48

Brasali Group • Property, energy

$510 million

Under the umbrella of the Brasali Group, now headed by second generation member Aldo
Brasali, the family runs various property projects, including hotels in major commercial centers
managed by Mercure and Ibis. The family’s property arm PT Metropolitan Land Tbk. is
expanding its business to tap middle-to-low income consumers with landed homes on the
outskirts of Jakarta. In energy, the group controls Cikarang Listrindo, which produces power for
the West Java industrial area. It is currently building a new 280-MW coal-fired power plant that
is expected to be completed by the end of this year. The company will list on the Indonesia Stock
Exchange this year in what analysts believe could be the biggest listing of 2016. Other interests
include shares in listed Metropolitan Kentjana, which owns and operates Pondok Indah and Puri
Indah malls.
76. Alim Markus, 65

Maspion Group • Homeware

$507 million

As the chairman of the East Java chapter of the Indonesia Employers Association (Apindo),
Alim has been busy voicing concerns over rising regional minimum wages, which he says have
hurt investment and business confidence. His diversified Maspion Group has been forced to offer
early retirement packages for about 1,800 employees in a bid to cut costs. Outside his core
businesses, which include home appliances and kitchenware, the group has been expanding into
property, while the hospitality arm is building three- and five-star hotels in Bali. Maspion has
also signed a deal with state port operator Pelindo II to construct a car terminal in Gresik, East
Java, to speed new car deliveries between Jakarta and Surabaya. Alim has also been busy as the
chairman of the Indonesian Chinese Business Council (ICBC), which has played an important
role in encouraging Chinese funding for Indonesian SMEs.

77. Henry Pribadi, 69

Napan Group • Agribusiness, electronics, property, trading

$505 million

Henry Pribadi, the founder of the Nawa Panduta (Napan) Group, has re-organized his business
empire under holding company PT Citrabumi Sacna, known as CBS Holdings, which now
controls businesses in coal mining, agribusiness, general trading, construction and property. A
relative of the Salim family, he fell out with Prajogo Pangestu over rights to giant petrochemical
company Chandra Asri and it is not known how the dispute ended. Henry is known to be close to
the Sariaatmadja family, which controls the majority stake at Elang Mahkota Teknologi, known
as Emtek, which in turn controls the country’s second largest TV station, SCTV.
78. Kiki Barki, 77

Harum Energy Group • Mining

$500 million

As coal prices have tumbled over the past years, Kiki Barki has felt some of the pain and his
Harum Group is reported to have lost some 45% of its value as a result of declining prices. He
remains interested in the energy sector and is understood to be planning to contribute to the
national drive to build an additional 35,000 MW of power generation capacity. Harum is now
reported to be involved in a consortium including Arifin Panigoro’s Medco Group that is bidding
to buy Newmont Mining’s Sumbawa gold and copper mine, in a bid to diversify out of coal, of
which Harum has an estimated 487 million tons of reserves. Bandung-born Kiki was for many
years a leading spokesman for the Chinese business community in its dealings with government.
Day-to-day operations are now handled by son Lawrence.

79. Arifin Panigoro, 70 and Hilmi Panigoro, 60

Medco International • Energy

$475 million

The Panigoro family is understood to be part of a consortium that wants to buy PT Newmont
Nusa Tenggara, which operates Indonesia’s second-biggest copper and gold mine, in a deal that
could reach $2 billion. Newmont has said it’s not clear a deal can be reached. In another
expansionary move, family-controlled energy company Medco’s geothermal unit Medco Power
is reportedly keen to buy geothermal assets to be sold by multinational oil giant Chevron. Medco
Power — in which Saratoga Capital also has a stake – where it is seen as competing with state
energy company Pertamina. Arifin and Hilmi started oil and gas company Medco Energi
Internasional in 1980. Arifin, keen to get involved in politics, then handed control to Hilmi.
Medco, the country’s biggest listed oil and gas firm, has assets in Indonesia and overseas in
Libya, Oman, Papua New Guinea, Tunisia, Yemen and in the Gulf of Mexico in the United
States.
80. Rudy Suliawan, 65

Karang Mas Sejahtera • Hotels, property

$490 million

Rudy Suliawan is a hospitality industry veteran, renowned for his ‘Midas’ touch at the Ritz-
Carlton Bali, where he works closely with veteran hotelier Horst Schulze. The businessman also
established Ayana Resort and Spa and Rimba Resort in Jimbaran, Bali. Ayana in particular has
become a favorite for Asian tourists, especially the Japanese. In Jakarta, Rudi, through PT
Karang Mas Sejahtera, owns the Midplaza 1 and 2 office buildings and the adjoining five-star
Jakarta Intercontinental Hotel and apartments. In Bogor, West Java, he has the Bukit Golf
Residence and Golf Course. Son Ryu Kawano is working in the digital industry at payment
gateway company Veritrans, while nephew Adi Kusma is in charge of Supra Primatama
Nusantara, a fixed-line internet and multimedia provider that owns Biznet Networks.

81. Ginawan Tjondro, 62

CNI Group • Multi-level marketing

$490 million

Ginawan Tjondro is busy with his Istana Group, a property business he established 22 years ago.
Partnering with Edi Sikamto Josana, Istana has expanded into various commercial, residential,
hotel and resort properties and industrial estates. Assets include the Bandung Electronic Center
(BEC) and other commercial centers in the West Java capital, and various landed house
developments targeting the medium- to upper-income range. The group also runs Sofitel hotels
and the budget Quest hotel in Bali. Ginawan is known as the pioneer of multi-level marketing
(MLM) in Indonesia through his popular brand CNI, an abbreviation of Citra Nusa Insani, where
he partners with Abrian Nathan.

82. Jimmy Masrin, 54

Lautan Luas Group • Chemicals, paper, trading

$480 million

Jimmy Masrin is the driving force in Lautan Luas, a producer of industrial chemicals listed on
the stock exchange in 1997. Established in 1951, Jimmy and his brother Indrawan took over the
firm from their father Adyansyah Masrin, turning what had been a basic chemical importer into
an integrated producer and distributor of more than 1,000 chemical products for more than 2,000
industrial end-users throughout the Asia-Pacific region. Jimmy is also involved in sports and
charity. He is currently busy preparing the Asian Tour golf tournament that will be held at
Royale Jakarta Golf Club in October. He is chairman of the board of the Asian Tour, the official
body for professional golf in Asia. He is also a member of the board of Habitat for Humanity
International and of Happy Hearts Indonesia, a foundation that helps rebuild schools damaged by
natural disasters.

83. Sugiono W Sugialam, 55 and Kindarto Kohar

Trikomsel • Telcommunications, retail

$480 million

Sugiono’s mobile phone retailer Trikomsel hit major trouble at the end of last year, when it
missed coupon payments on S$225 million worth of bonds. That led ratings agency Standard &
Poor’s to warn of potential defaults by Indonesian firms. The situation remains unresolved, with
four directors of the company resigning in April. Trikomsel, 19.9%-owned by Japan’s SoftBank,
said a restructuring was needed as the rupiah’s weakening against the US dollar and the
slowdown in Indonesia’s economy had resulted in “substantially” declining earnings and
“significantly reduced cash flow.” That found the bondholders cut out of payments in favor of an
intercompany claim. Trikomsel operates retailers Okeshop, Global Teleshop and Trikomsel.

84. Harry Sanusi, 49

Kino Group • Consumer Goods

$470 million

Harry Sanusi has become a rising star in the Indonesian fast-moving consumer goods business
due to his innovative approach at his Kino Group, which concentrates on personal care products,
candies and snack foods. One of his keys to success has been good advertising, using well-
known figures to endorse the products. He quit his training as a pharmacist when he received an
offer to help a friend of his father with distribution of a tonic that wasn’t selling well. He
succeeded there and over the following 20 years has built a major enterprise. At the end of last
year he sold 16% of the group’s shares on the Indonesia Stock Exchange, raising Rp868.5
billion. Harry plans to keep expanding by acquiring more international brands, as he has already
done with Japan’s Morinaga.
85. Mohammad Reza Chalid, 56

Global Energy Resources • Oil trading

$460 million

Reza Chalid’s current whereabouts is unknown. He disappeared at the height of a major political
scandal in Indonesia with his alleged involvement in high-level lobbying to grab a large slice of
miner Freeport Indonesia. The miner’s chief went public with a secret recording of a
conversation in which then House of Representative Speaker Setya Novanto asked for a 20%
stake in the company, estimated to be worth billions of dollars. Reza’s name appeared again in
the Panama Papers, leaked documents from a Panama law firm that shook the world over alleged
widespread tax evasion and money laundering by politicians and international figures. There was
no evidence of wrongdoing, but Reza apparently didn’t want to stick around to answer questions
about that and his relationship with major figures. He was long seen as a force in the
international oil trading market, helped by close relationships with power-holders since the
Suharto era.

86. Trihatma K Haliman, 64

Agung Podomoro Group • Property

$450 million

Trihatma’s Agung Podomoro group has hit some financial turbulence with the downturn in the
propety market. The group also ran into some legal headwinds over the land reclamation project
in North Jakarta.PT Agung Podomoro Land president director Ariesman Widjaja is currently
banned from traveling due to the case, which has also touched many other leading property
players. Founded by Trihatma’s late father Anton Haliman and Salimin Prawiro Sumarta, the
group has projects across the spectrum of the property business, including landed housing,
mixed-used developments, hotels, apartments and super blocks.
87. Rosan Roeslani, 47

Recapital • Investments, private equity

$450 million

Rosan, the head of Recapital Group, is busy with his new position as chairman of the country’s
most influential business lobby, the Indonesia Chamber of Commerce and Industry (Kadin),
where he will be in charge through to 2020. The position means he is a regular presence on the
overseas trips of President Joko Widodo and in mid-May he was prominent on the state visit to
South Korea, where he facilitated a discussion between Indonesian business players and their
counterparts in the North Asian giant. Rosan says his mission at Kadin is to consolidate the
business community and make Kadin a worthy partner for government in formulating policies.
The businessman, who set up PT Recapital Advisor in 1997 with former schoolmate Sandiaga
Uno, was president director at Berau Coal in 2013 and is also involved in Mahaka Media, owner
of radio and TV stations, newspapers and magazines.

88. Hendro Setiawan family

Pikko Group • Property, investment

$450 million

Pikko group chairman Hendro Setiawan died in Singapore last March. Last year was a big year
for the group with the completion of Jakarta’s tallest office tower, the Sahid Sudirman Center, in
which it partnered with the Sahid Group and Tan Kian Consortium. Pikko Group was also
working on the high-rise residential property Menteng 37 and mixed-use development Thamrin
District Bekasi. Founded in 1982, the Pikko Group has developed various residential buildings,
hotels and commercial space, among others Thamrin City in Central Jakarta and Tamini Square
in East Jakarta. Planned future projects included two more Jakarta properties, the mixed-use
Grand Kemayoran development and residential high-rise Lebak Lestari, in Lebak Bulus.
89. Kris Taenar Wiluan, 67

Citra Mas Group • Energy, manufacturing

$450 million

As head of Batam-based PT Citra Tubindo Tbk., which provides services to the oil and gas and
mining industries, Kris Wiluan’s prospects have been hit by the double blow of the government’s
ban on unprocessed mineral exports and the slide in the price of oil on international markets.
The company has gained a reputation for world-class standards but this year was forced to trim
its revenue target to $160 million from $180 million. The expertise of Citra Tubindo was
demonstrated when it helped deliver an oil drilling rig for Pertamina Drilling Services for its
operations in Algeria. Chris was the winner of the Ernst & Young Entrepreneur of the Year
award in 2009.

90. Dahlan Iskan, 64

Jawa Pos Group • Media, mining, energy

$445 million

Dahlan left a lot of legal homework after he ended his term as minister of state-owned
enterprises. Associate Dasep Dahmadi, a member of a team that Dahlan appointed to develop a
national electric car, was sentenced to seven years in jail in March for corruption. Dahlan’s
national electric car program turned into a disaster after it was found that Dasep did not really
make electric cars, but only modified ordinary cars and passed them off as electric-powered.
Dahlan escaped another legal case over his alleged role in the irregular procurement of power
transformers, estimated to have cost the state hundreds of billions of rupiah in losses. The former
minister is a media mogul. His Jawa Pos Group boasts more than 200 newspapers, 20 local TV
stations, a paper mill and printing plant with its own power plant.
91. Surya Dharma Paloh, 65

Media Indonesia • Media, hotels, catering,energy

$440 million

Surya Paloh is not only influential in business but also in media and politics. He has maneuvered
his National Democratic Party (Nasdem) into a position as a kingmaker despite its modest
electoral performance. His media group includes the influential Metro TV 24-hour news channel,
an important tool in shaping opinions. In politics, as an early supporter of Joko Widodo’s
presidential aspirations he has three of his party members in the cabinet and the Attorney
General is a former member of the party. He was influential is advising the president to end the
role of the infamous Petral oil trading company as the sole agent for Indonesian fuel purchases.
Most recently, a team from his Sukma Foundation was apparently involved in negotiations to
help free Indonesian seamen held hostage by the Abu Sayyaf militant group in the southern
Philippines.

92. K. Gowindasamy, 69

Mitra Jaya Group • Energy, plantations, construction

$430 million

Gowindasamy started out in the construction business working on government road projects in
Jakarta and other cities. The businessman and his Sumber Mitra Jaya Group then went into
mining as a coal contractor for state-owned Aneka Tambang. This led the Medan-born
businessman to seize the opportunity to run his own mines. He has since expanded into palm oil
plantations and crude palm oil mills. He has units engaged in packaging and ink production
which would have helped him weather the crash in commodities prices. He also has interests in
the construction sector in India.
93. Yos Sutomo, 84

Sumber Mas • Timber, property

$430 million

Yos Sutomo and his family have been in the plywood business for more than 40 years and have
now turned their focus to producing high-quality veneers. Yos started his business in 1966 in his
hometown of Samarinda in East Kalimantan, and developed the business to export plywood to
major markets including Europe. He also established three hotels and two golf courses in
Kalimantan and set up a coal mining business through PT Kartanegara Indah Permai. The family
appears to have fallen on tough times: education institutions established under their Sumber Mas
Foundation have been forced to close recently due to lack of funding.

94. Sukamdani Sahid Gitosardjono, 88

Sahid Group • Property, hotels, industry

$425 million

Sukamdani Sahid’s business empire is now led by his son Hariyadi Sukamdani, who is also the
chairman of the Indonesian Employers Association (Apindo). Sukamdani himself is still active in
the business and last year was able to brag that his family now owns the largest office building in
Indonesia, the Sahid Sudirman Center, inaugurated by President Joko Widodo on his 87th
birthday. A joint venture between Sahid Group, Pikko Group and Tan Kian Consortium sank
Rp1.5 trillion into the building. Many other projects are in the pipeline, including a Rp750 billion
superblock in Yogyakarta, a condotel and apartments in Semarang and Surabaya, a mid-range
apartment block in East Jakarta, a two-star hotel in Surabaya, and a mixed-use development in
Timika, Papua. Sukamdani established the Sahid group in 1953, beginning as a modest hotel
operator, and the enterprise is now one of the leading hotel chains in the country.

95. Rudolph Merukh, 50 and Lucky Merukh, 51

Merukh Enterprises • Mining concessions

$400 million

Founded by the late Jusuf Merukh, Merukh Enterprises is now helmed by his sons Rudolf and
Lucky. The family business took a big risk to establish a gold mining operation in Aceh during
the peak of the government’s conflict with the Free Aceh Movement (GAM). The gamble paid
off, leading to further investments in the mining sector which have grown to include a solid stake
in PT Newmont Nusa Tenggara, which operates the second biggest copper and gold mine in
Indonesia. The wider family is not always in harmony. Gustaaf Merukh, a relative who owns a
stake in local company Pukuafu Indah, is suing other shareholders in the company, including his
own nephews, according to a Reuters report. Fortunately there is no sign at this stage that either
of the brothers has inherited their father’s love of litigation.

96. Jahja Santoso, 71

Sanbe Farma • Pharmaceuticals

$390 million

Jahja Santoso founded pharmaceutical company Sanbe Farma in 1975, building the company
into the country’s biggest producer of ethically prescribed drugs. In 2012 Sanbe inaugurated a
plant that produces anti-cancer products that is supported by high-tech equipment like isolator
units and inline production machines. The plant is designed to be fully compliant with US and
European pharmaceutical standards, opening a wide consumer market for the Bandung-based
company. Sanbe is an exporter of pharmaceutical products to 22 countries in Southeast Asia,
Africa and the Middle East. Jahja is a pharmacy graduate from the Bandung Institute of
Technology. In 2015, he inaugurated his group’s second hospital in Kopo, Bandung, claimed to
be the city’s most advanced hospital. He strongly believes in the need for good research and
development, founding the Sanbe Biotech Research Division in 2001. His group also produces
animal and acquaculture vaccines and medicines.

97. Sabana Prawirawidjaja, 74

Ultrajaya Group • Food Beverage Business

$385 million

Sabana, the president director at Ultrajaya, complained in a note in the company’s annual report
that last year was a tough one for the food and beverage industry in Indonesia, particularly in the
ultra high temperature (UHT) milk business, with a flood of competition from overseas
producers. He really had no reason to grumble: the company posted net income of Rp523.1
billion, up 84.8% from the previous year, with all other financial indicators showing the
company to be healthy and stable. Sabana and his father Ahmad Prawirawidjaja started Ultrajaya
Milk Industry in 1959, and the company operates its own dairy farms. It has expanded into
packaged tea products and health drinks made from beans and tamarind. Some of its products are
sold on overseas markets.
98. Tatang Hermawan, 65

Fuju Palapa Textiles, Bank Parahyangan • Textiles, property, hotels

$380 million

Tatang’s business in the textile sector has struggled in the past few years with market demand
slowed by weak global economic conditions. Tatang controls stakes in non-listed textile
companies including Fuju Palapa, PT Nam Nam Fashion, PT Warna Makin Mulia, PT Central
Georgette Nusantara. He also owns a resort property through PT Oriental Indah Bali Hotel and in
banking he has a stake at PT Bank Nusantara Parahyangan Tbk., a Bandung-based listed lender.

99. Iwan Lukminto, 40

Sritex Group • Textiles, garment, property

$350 million

Iwan Setiawan Lukminto admits that taking over the leadership of Sritex, one of Indonesia’s
biggest garment manufacturers, from his late father wasn’t easy. As the crown prince at the
company, he started to reform management and corporate culture back in 2000. Becoming
president director in 2005, he steered the company to a public listing in 2013. Now, Sritex is the
largest integrated textile companies in Southeast Asia, best known for the military uniforms it
sells to more than 70 countries. It is in the process of acquiring a German uniform-maker, which
will provide a springboard for further expansion in Europe. In May Moody’s ratings agency
hiked its outlook on the company from stable to positive, reflecting strong operating
performance.

100. Djoenaedi Joesoef, 83

Konimex • Pharmaceuticals

$360 million

Djoenaedi began in business in 1967 with a small pharmaceutical store in Solo, Central Java.
Now his Konimex group is one of the largest regional business entities in Indonesia with
diversified businesses ranging from property and hotels to packaging. Djoenaedi has four
children, Edijanto, Rijanto, Lisa and Rachmadi, who now run the businesses. Edijanto looks
after Konimex while Rijanto helms subsidiary PT Catur Putra Jati. He is tapping the hotel
business with the Holiday Inn Express in Semarang and other properties in Solo and Bandung.
Another subsidiary is PT Surya Multi Indopack, which operates in the packaging business.

101. Didi Dawis, 70

Ling Brothers • Trading, property

$355 million

Didi Dawis oversees trading and property company Ling Brothers but now spends more of his
time running several non-profit organizations. These include LPK Indonesia Bersatu which
campaigns for the recognition of the role of Chinese-Indonesian figures in the nation’s history. It
also acts as a charitable organization assisting members of the ethnic Chinese community who
originated from China’s Fujian and Shandong provinces. He has been the chairman of the board
of QAF Ltd., a diversified food company listed in Singapore. He also has interests in trading,
building materials and property. Didi was formerly the co-chairman of the Indonesian Chamber
of Commerce (Kadin) China Committee.

102. Muljadi Budiman, 61

Honda Prospect Motor • Automotive distribution

$350 million

Honda Prospect Motor, the sole distributor of Honda cars in Indonesia, has been accelerating to
steal a bigger share of the Indonesian car market. Still shadowing Toyota as the second most
popular brand, HPM has done well out of a range of new models, including the mini-SUVs the
BR-V and HR-V. The multi-purpose Mobilio also won consumers’ hearts last year. HPM was
established by the late Hadi Budiman (Ang Kang Hoo) and Muljadi has done well managing the
sole distributor and assembler of Honda cars in Indonesia. This year, HPM is keen to expand its
dealer networks.
103. Oesman Sapta Odang, 66

OSO Group • Investments, retail

$350 million

The feisty chairman of the Indonesian Farmers’ Association (HKTI), Oesman Sapta Odang is
also a deputy chairman of the People’s Consultative Assembly (MPR). The businessman started
life selling cigarettes at the ferry terminal at his hometown Pontianak in West Kalimantan, and
today his business interests range from fisheries to airlines and property. He has an airline
ground-handling company and owns the Stones Hotel in Bali. He has handed control of OSO
Group to Tanri Abeng so he can be more active in politics. An attempt to overthrow the
leadership of the Indonesian Chamber of Commerce and Industry (Kadin) proved to be a failure
but Oesman has shown in the past that occasional setbacks don’t blunt his desire to push for
change. In a recent speech in Padang, West Sumatra, he called for steps to increase national
unity, which he said had suffered over the past few years.

104. Boyke Gozali, 67

Mitra Adi Perkasa • Retail, property

$330 million

A partner in leading lifestyle retailer Mitra Adi Perkasa (MAP), Boyke recently teamed up with
Rosano Barack, formerly one of the driving forces in Bambang Trihatmodjo’s Bimantara Group.
MAP has transformed Indonesia with its range of retail brands and now operates 1,809 retail
outlets in 59 major cities throughout Indonesia. Boyke is a central figure in listed property
developer PT Plaza Indonesia Realty Tbk., which controls Jakarta’s Grand Hyatt Jakarta and
Plaza Indonesia, the pioneer in the modern retail sector in Jakarta. In June last year, Boyke
welcomed Industry Minister Saleh Husin to the groundbreaking ceremony of PT Plaza Indonesia
Jababeka’s Mayfair industrial estate at Karawang in West Java.

105. Chandra Lie, 52 & Hendry Lie, 50

Sriwijaya Air • Airline

$325 million

The two brothers run Sriwijaya Air, which made its first flight in 2003 with only a single aircraft
but now operates 38 planes flying to 41 domestic and international destinations. Chandra
established a new airline, Nam Air, to compete in the more lucrative full-service segment,
operating five aircraft. Sriwijaya Air has expanded its international routes to include Hangzhou,
Ningbo and Nanking, linking the three Chinese cities with Denpasar in Bali. Chandra has signed
letters of intent to procure 100 locally-made R80 turboprop planes. In addition to their aviation
business, the brothers also have interests in mining.

106. Benny Suherman, 69

Studio 21 Group • Cinema chain

$325 million

Benny Suherman is a veteran cinema businessman of 28 years. For many years he enjoyed a
monopoly over top-end cinemas and while he is now facing stronger competition his Cinema 21
remains the nation’s controlling cinema chain. Blitzmegaplex emerged as a minor competitor
only in the past decade and now Lippo Group’s Cinemaxx has entered the market, with plans to
expand to 2,000 screens in 300 locations across 85 cities by 2024. Meanwhile Cinema 21 has
over 770 screens in 145 locations all over Indonesia. Not only is the company adding more
cinemas, Cinema 21 is also investing in the latest silver-screen technology, such as Imax screens
and Dolby Atmos audio systems.

107. Henry Onggo, 83

Ratu Sayang Group • Property

$320 million

Henry was an early investor in the modern property sector. He controls property developer PT
Ratu Sayang International, whose fortune was founded on the acquisition of the prime Jakarta
office location where the Ratu Plaza shopping, office and apartment complex now dominates the
southern end of Jl. Jend. Sudirman. Henry also has interests in textiles through PT Unitex, a
Bogor-based manufacturer and exporter of polyester and cotton fabrics. Unitex is a subsidiary of
Unitika Limited, a Japanese company. Henry’s son Johnny Onggo has been a commissioner of
PT Unitex Tbk. and serves as a director of PT Ratu Sayang International.
108. Johnny Widjaja, 82

Sintesa Group • Property, chemicals, plantations

$315 million

Veteran businessman Johnny Widjaja has passed on the torch of leadership of his Sintesa Group
to his eldest daughter Shinta Widjaja Kamdani. She has proven herself not just capable of
consolidating and modernizing the family business, but to also take on the big boys of the
industry. The family firm was started in 1919 by Johnny’s father, Oey Kim Tjiang, as a rubber
plantation company. It has now become one of Indonesia’s most diversified groups, involved in
property, energy, manufacturing and consumer products. Sintesa has 18 subsidiaries, with two
listed on the Indonesia Stock Exchange: PT Tigaraksa Satria (consumer products) and PT Tira
Austenite (industrial products).

109. Paulus Tumewu, 64

Ramayana Group • Retail, property

$300 million

Paulus Tumewu opened his first Ramayana Fashion Store 38 years ago. Today his retail empire
has flourished into 116 Ramayana, Robinson and Cahaya stores, selling everything from shoes to
clothes and food and spanning the distance from North Sumatra to Papua. To develop its retail
food business, Ramayana has inked a deal with global retailer Spar from the Netherlands to
refurbish and rebrand all Ramayana supermarkets to become Spar outlets. The first three stores
opened last year. The plan is to have 15 stores up and running by the end of this year, and a total
of 30 within two years.

110. Soetjipto Nagaria, 76

Summarecon • Property

$290 million

Soetjipto founded Summarecon in 1975. The company is famed for transforming swamp land in
North Jakarta into the popular Kelapa Gading residential area. Summarecon has revealed plans to
expand into nine regions across Indonesia: Bandung and Bogor in West Java; Tangerang in
Banten; Yogyakarta; and cities in Central Java, East Java, South Sumatra and Sulawesi. Soetjipto
grew his wealth mainly through the development of land banks, often by taking over smaller
property firms and using them to start new projects. In just one example, his Selaras Maju
Mandiri acquired a majority stake in smaller property player Sinergi Mutiara Cemerlang.
Soetjipto and his wife Liliawati Rahardjo are active philanthropists.

111. Siswono Yudohusodo, 73

Bangun Cipta Sarana • Construction, livestock breeding

$285 million

Siswono Yudohusodo founded construction company Bangun Cipta Sarana in 1969. The
company worked on numerous projects including the development of Belawan Port in Medan.
Siswono also controls several subsidiaries engaged in clean water distribution, livestock
breeding, real estate, property and hotels. He was one of the first indigenous businessmen to
make it big. Siswono in the past served as minister of public housing and then as minister of
transmigration. He was running mate to Amien Rais in an unsuccessful bid for executive office
in 2004. He now spends much of his time focusing on his agro-tourism business Umbul
Sidomukti in Central Java.

112. Winarko Sulistyo, 69

Fajar Surya Wisesa • Pulp and paper

$275 million

Winarko Sulistyo has over 30 years of experience in the paper industry and became a
commissioner of pulp and paper company PT Fajar Surya Wisesa in May 2014 after running the
company as president director since 1987. The company is a leading packaging paper
manufacturer producing a range of products which include linerboard and corrugated medium
paper for carton box packaging and coated duplex board for display packaging. Currently
operating with five paper machines, FajarPaper produces around 1.2 million tons of packaging
paper per year. The company’s new production facility in Bekasi, West Java, its eighth, will have
a production capacity of 350,000 tons per year which will increase total production capacity to
1.55 million tons. Airlangga Hartarto, a leading figure in Golkar Party, has been president
commissioner of the firm since 1988.
113. Tan Tjai Kie, 62

Gunung Garuda Steel • Steel production, mining

$275 million (2016)

Tan was the first to demonstrate that there was money to be made in steel in a market long
dominated by state-owned behemoth PT Krakatau Steel. His Gunung Steel Group (GSG) is a
one-stop shop for all steel products and related services. The group comprises PT Gunung
Garuda, PT Gunung Raja Paksi, PT Bukit Terang Paksi Galvanizing and PT Gunung Raja Paksi,
Founded in 1986, the company produces 1.95 million tons of steel annually, of which 50% is
exported to 41 countries. This year, the group is building its own smelter.

114. Kaharudin Ongko, 79

Ongko Group • Property, manufacturing

$270 million

Kaharudin made a sound investment when he joined with PT Keramika Indonesia Assosiasi, the
first Indonesian company to produce ceramic tiles and sanitary-ware, from which the Ongko
Group has grown. He bought out the other shareholders and developed KIA into Indonesia’s
fifth-largest ceramic producer. Thailand’s Siam Cement Plc. purchased 93.5% of the company in
2011. In property, the company owns several assets in Jakarta and controls the Omni
International hospitals in Alam Sutra and Pulomas through the Omni Healthcare Group. Omni
Hospital Alam Sutera boasts special units for neurosciences, cardiac care, an orthopaedic center,
urology center, eye center, and skin and beauty center.

115. Pontjo Sutowo, 65

Nugra Sentana Group • Hotels, property, energy

$270 million

Pontjo Sutowo owns the Nugra Sentana Group and is a major shareholder in about 30 companies
including a marine dry dock and PT Indobuildco, which manages the Jakarta Convention Center,
the Sultan Hotel and apartments and other properties. Pontjo also has interests at the MRA
Group, which is active in radio and magazines, as well as a pharmaceutical company. He is head
of the Communication Forum for Children of Retired Police and Military Officers (FKPPI) and
has served as chairman of the Indonesian Hotels and Restaurants Association (PHRI). The
Sutowo family’s fortune rose when Pontjo’s father, the late Ibnu Sutowo, was appointed head of
Pertamina in the early years of the New Order era.

116. Johanes B. Kotjo, 70

Apac Group • Textiles

$267 million

Johanes Kotjo made his fortune by getting close to the center of political power. He spent over a
decade climbing the corporate ladder at a Salim Group company before going into business with
Suharto son Bambang Trihatmodjo and others to form Apac Group. In its early days, the
company had diversified interests but now Kotjo is low profile and concentrates on his core
businesses of textiles, plantations, coal and infrastructure in Sumatra, including through PT
Pathaway International, which was planning a 300-km coal railway in Bengkulu as well as
dredging projects.

117. Sendi Bingei, 87

Sumatra Tobacco Trading • Tobacco, food

$265 million

Sendi Bingei is a pioneer in the tobacco industry in North Sumatra. He shares ownership of PT
Sumatra Tobacco Trading Company with family members Edwin and Timin Bingei. The
company, based in Medan, produces white cigarettes for export markets, while its sister company
manufactures and sells some lesser-known cigarette brands popular with cigarette fanciers in
Sumatra. His PT Sari Incofood Corporation is engaged in tea and coffee processing and is now
one of the largest instant coffee and packaged cappuccino exporters in Indonesia. The company’s
best known brand is award-winning Indocafe, sold across the country and overseas.

118. Sri Sultan Hamengkubuwono X, 71

Sultan of Yogyakarta • Property

$260 million

Sultan Hamengkubawono X is governor for life of the special region of Yogyakarta but he is
having problems determining his succession. He has named the eldest of his five daughters,
Gusti Kanjeng Ratu (GKR) Pembayun, as crown princess, upsetting a hornet’s nest of dissent
that has included the coronation of a rival sultan. He also changed his name as part of the
process. Hamengkubawono, as he is now, became sultan in March 1989. To appoint his daughter
as his successor, he issued a sabdaraja (royal proclamation) on the succession at a meeting
attended by just a few of his family and close advisers. The sultan is still working hard in the
governor’s office and recent steps include a move to rebrand the city of Yogyakarta. The sultan’s
wealth derives from estates and assets that have feudal roots. Land rent is the main source of his
income, and he owns a small cigarette-making company.

119. Anton Setiawan, 70

Tunas Group • Automotive distribution, multi-finance

$260 million

With over 30 years’ experience in the automotive business, Anton has represented both Japanese
and European vehicle brands. His initial agency opened in 1976 and he now sells and services
Toyota, BMW, Daihatsu and Peugeot vehicles as well as Honda motorcycles. Anton introduced
modern management systems to the company, winning many awards for his business acumen. In
2006 he took the prestigious Ernst and Young Award for his dedication to developing
entrepreneurship in the country. Rico Setiawan, 42, is now president director of the group and
has continued the task of making it one of the best automotive dealerships in Indonesia.

120. Budi Purnomo Hadisurjo, 79

Optik Melawai • Hospitality, retail, food and beverage

$265 million

Budi began with an optical services business with a store in the South Jakarta street where his
company Optik Melawai still retains a branch. What has now become the Melawai Group
represents a holding company active in optical goods and services, pharmaceuticals, hearing aids
and restaurants. Optik Melawai continues to lead group performance, representing Indonesia’s
largest eye-wear retailer with more than 150 outlets including several spin-off stores selling
specialty items. In the restaurant sector, Sari Rasa Group owns the Tham Nak Thai, Sate Khas
Senayan, Tamani Kafe and TeSate chains.
121. Elizabeth Sindoro, 58

Dan Liris, Paramount Group • Textiles, property

$255 million

Lisa Sindoro took the helm of the family business after the death of her husband Handiman
Tjokrosaputro. He was the second generation to lead Batik Keris, a company founded by Kasom
Tjokrosaputro. A former top executive with Lippo Group, Lisa has also grown her own
integrated textile business Dan Liris into a significant player. Dan Liris now rates as a world-
class textile producer, selling to brands including Marks and Spencer with exports to more than
20 countries. Lisa also has property interests through the Paramount Group. Her hotel business,
operated through Parador Hotel and Resort, is expanding with 12 hotels already operating and 16
more under construction.

122. Ilham Habibie, 53 and Thareq Habibie, 51

Ilthabi Rekatama • Plantations, airline, industry

$250 million

Moving ever closer to reviving his father’s dream of launching a domestic aircraft industry,
Ilham was appointed as the head of the National Technology Information and Communications
Commission by former President Susilo Bambang Yudhonoyo. He plans to launch the narrow-
body R-80 aircraft this year. Local airline companies such as Trigana Air, Kalstar Aviation and
Nam Air have placed orders for at least 145 aircraft. With brother Thareq, he runs an investment
holding company, Ilthabi Rekatama, which has interests in energy, mining, manufacturing,
transportation and aviation services. The company’s push into coal-bed methane has also proved
successful with the granting of a number of concessions.

123. Karmaka Surjaudaja, 83

OCBC NISP • Banking

$245 million

Karmaka Surjaudaja was known as Kwee Tjie Hoei when he arrived in Indonesia from Fujian in
China in 1934. He was critical in establishing one of Indonesia’s earliest banks, Bandung-based
NISP. Karmaka is also known to have helped thousands of poor children, helping fund their
education from elementary to university level, with some obtaining PhDs. A film is now being
made about his life and deeds. He sold 74% of the bank’s shares to Singapore’s OCBC in order
to help it grow. Now, as OCBC NISP, the bank is led by his daughter Parwati Surjaudaja.

124. Bambang Trihatmodjo, 63

Asriland • Property

$240 million

The late President Suharto’s second son, Bambang always prefers to stay out of the public
spotlight. He founded PT Bimantara Citra in 1981 with a group of friends who once played in a
band together. They started out in the energy business and then diversified into a range of other
ventures. Most of Bimantara’s interests have now been taken over by Hary Tanoesoedibjo, who
transformed Bimantara into what is now media company PT Global Mediacom Tbk. Bambang is
said to have sold his remaining 11% shares in the company but is known to still own Asriland,
which controls some prestigious property developments.

125. Rachmat Gobel, 54

Gobel International • Electronics, investment

$240 million

After leaving the job of trade minister in the cabinet reshuffle in August 2015, Rachmat is back
managing his business, Gobel International, the Indonesian side of a long-standing partnership
with Japanese major Matsushita. Rachmat is active in groups including the Indonesian Chamber
of Commerce and Industry (Kadin). He has developed a reputation as an avid environmental
campaigner, and heads the Indonesian Society for Renewable Economy. In tune with his
Japanese partners, Rachmat is a strong believer in efficiency and research and development. PT
Gobel International now plans to develop a tourism resort and a water treatment plant in West
Nusa Tenggara. In electronics, Panasonic Global Indonesia continues to perform well in the
highly competitive market.
126. Samin Tan, 54

Borneo Lumbung Energy and Metal • Mining

$230 million

Samin’s current status is unclear. He got involved in the fight between Aburizal Bakrie’s Bumi
Resources and British banker Nathaniel Rothschild in the deal that created Bumi Plc. To get
involved, he had to put up his Berau Coal as collateral, weighting the formerly wealthy company
down with debt. The company has now been taken over by Sinar Mas Group’s investment arm
Asia Coal Energy Ventures (ACE) and in December last year it began buying back its notes as
part of a debt-restructuring program. It was not clear how Samin himself came out of the deal but
in January a report said he had filed for bankruptcy at his plywood and sawmill plant, PT
Tunggal Yudi Sawmill Polywood (TYSP), at the Surabaya court due to failure to pay mounting
debts of at least Rp140 billion.

127. Stanley S Atmadja, 60

Asco Automotive • Multi-finance, agriculture

$220 million

Stanley Atmadja spent more than two decades working with PT Adira Dinamika Multifinance,
the company he founded and steered to its position as one of the leading automotive financing
companies in the country. Stanley founded Adira in 1990 with the late Adi Rachmat, father of
Teddy Rachmat of the Triputra Group. In 2004 Bank Danamon acquired 75% of Adira. Stanley
has since teamed up with Teddy to form Asco Automotive, a dealership for Isuzu, Nissan and
Daihatsu vehicles, and PT Green Planet, which produces organic fertilizer. Holding company
Asco Capital has now expanded to employ around 1,200 people. Stanley is known as a keen
collector of vintage automobiles.

128. GS Margono, 76

Gapura Prima • Property

$210 million

Gunarso Susanto Margono has been at the helm of property firm PT Perdana Gapuraprima since
1987. The company, listed on the stock exchange in 2007, has significant holdings in Jakarta and
further afield. Commercial and residential developments in Jakarta and surrounds include The
Bellagio and Bellagio Mansion at Jakarta’s Mega Kuningan, CBD Serpong, The Belmont
Residence, de Eastern, GP Plaza and the Marcopolo Water Adventure Park in Serpong.
Gunarso’s son Rudy became president director of the group in 2007. Gapura is expanding into
the hotel business and some of the company’s apartment projects have been converted to hotels.
This year, GS Margono is developing mid-class apartments on the outskirts of Jakarta.

129. G Lukman Pudjiadi, 59

Jayakarta Group • Property, hotels

$205 million

Two listed companies are controlled by Lukman and his family. Pudjiadi Prestige and PT
Pudjiadi and Sons control the Jayakarta hotel chain, which operates 13 hotels and resorts in
various parts of Indonesia and has built a number of medium-scale apartment blocks in Jakarta
and Bandung. Subsidiaries include PT Bali Realtindo Benoa, PT Jayakarta Realti Investindo and
PT Hotel Juwara Warga. Lukman oversees Jayakarta Group but day-to-day operations are
handled by his son Loki. The group recently entered the budget hotel segment with the
construction of J-Hotel.

130. Widarto, 71

Sungai Budi Group • Plantations, agribusiness

$200 million

The Sungai Budi Group has long been one of the country’s large upstream food producers with a
sound record for innovation. Established by Widarto in Lampung in 1947, the company has
production facilities in West and East Java, Lampung and Jambi and produces potatoes, tapioca
and chemical products. Its Lampung assets are well known for producing all of their own energy.
Last year the group planned the construction of a sugar plant. Sungai Budi has a stake in PT
Tunas Baru Lampung, which produces Rose brand vegetable cooking oil and rice flour. Budi
Group controls 60% of the tapioca market in Indonesia.
131. Mardjoeki Atmadiredja, 68

Surya Toto Indonesia • Sanitary ware

$200 million

Mardjoeki’s listed Surya Toto Indonesia is helmed by son Hanafi Atmadiredja and is the
manufacturer and distributor of Toto brand sanitary and plumbing products and bathroom
accessories. The company prefers to concentrate on just one line of business. Consistent
development over the past two decades has enabled the company to establish itself as a leader in
the field. Japanese principal Toto Ltd. controls nearly 40% of the company, while Mardjoeki
controls investment vehicles which are believed to own a substantial share. Toto is expanding by
building new plants to boost production to 3 million units per year.

132. Siti Hardijanti Rukmana, 67

Citra Lamtoro Gung Persada • Toll roads, investment, property

$190 million

Siti Hardijanti Rukmana, the oldest daughter of the late President Suharto, still controls Citra
Marga Nusaphala Persada, the most profitable toll-road operator, although she has relinquished
leadership to her daughter Danty Indriastuty Purnamasari. Citra Lamtoro established a joint
venture with San Miguel Corp. of the Philippines to acquire an indirect equity interest in the
South Luzon Tollway Corporation (SLTC) and Manila Toll Expressway Systems Inc. This year,
CMNP completed the Cikampek-Palimanan toll road, a major part of the trans-Java highway. In
April, she was found by the Supreme Court to have failed to meet her obligations to PT Berkah
Kaya Bersama, in a long-running case contesting ownership of Hary Tanoesodibjo’s MNC TV.
Tutut, as the businesswoman is usually known, is now required to pay Rp510 billion to Berkah to
settle the fight.

133. Shindo Sumidomo, 61

Siantar Top • Food, property

$190 million

Shindo Sumidomo’s Siantar Top is a leading food and snack producer in Sumatra, producing
hundreds of brands such as Go Potato and Soba Mie Sedaap. Shindo, also known by his Chinese
name of Heng Hok Soei, is a big player in the Medan business world along with characters such
as Martua Sitorus of Wilmar Group and Sukanto Tanoto of Royal Golden Eagle. Shindo has
diversified to palm oil as well as five-star hotels and mixed-used property in Medan. Siantar
Top’s other subsidiaries are PT Shindo Tiara Tunggal, PT Saribumi Alam Indonesia, PT
Saritama Tunggal and PT Semestanustra Distrindo. Meanwhile PT Saritama Food Processing
operates in Bekasi on Jakarta’s eastern boundary.

134. Iskandar Widyadi, 80

Bank Jasa Jakarta • Banking, property

$190 million

Iskandar controls a majority of shares in Bank Jasa Jakarta through PT Widya Raharja Dharma.
Along with other businessmen, including Mochtar Riady of the Lippo Group, he is the founder
of Ma Chung University in Malang, East Java. The university focuses on nurturing the spirit of
pluralism and teaches the latest in international education practices, a commodity in strong
demand in the employment market.

135. Ricardo Gelael, 56

Fast Food Indonesia • Kentucky Fried Chicken franchise, supermarkets

$185 million

Ricardo Gelael is still going strong in the fast-food business. He succeeded the late founder Dick
Gelael and now controls PT Fast Food Indonesia Tbk., which has the exclusive rights to operate
KFC restaurants in Indonesia. Fast Food operates more than 495 KFC outlets all over Indonesia
and is still expanding. Like many consumer-related companies, KFC has profited from the rise of
the middle-income class. A former race driver, Ricardo is Dick’s eldest son and Ricardo’s own
son Sean is now a top race driver. KFC obtains all its funding from its internal resources and has
no debts.

136. Anna Bambang Surjo Sunindar, 62

Kirana Tanker • Shipping

$180 million

No information is available this year on this businessman. He used to own 30% of PT Trans
Pacific Petrochemical Indotama (TPPI) but the government seized the operation and control
passed to Pertamina after the company defaulted on loans to its creditors, leading to its
bankruptcy in September 2012. Even though Pertamina had taken over, TPPI submitted an
application for suspension of debt payment obligations to the Commercial Court. That
application then led to a restructuring plan that was approved by TPPI creditors and the Jakarta
Commercial Court in December 2012. Little is known about Honggo’s assets, wealth or personal
life but he was a long-term partner of businessman Hashim Djojohadikusumo.

137. Honggo Wendratno, 68

Arsari Pratama • Energy, petrochemicals

$170 million

No information is available this year on this businessman. He used to own 30% of PT Trans
Pacific Petrochemical Indotama (TPPI) but the government seized the operation and control
passed to Pertamina after the company defaulted on loans to its creditors, leading to its
bankruptcy in September 2012. Even though Pertamina had taken over, TPPI submitted an
application for suspension of debt payment obligations to the Commercial Court. That
application then led to a restructuring plan that was approved by TPPI creditors and the Jakarta
Commercial Court in December 2012. Little is known about Honggo’s assets, wealth or personal
life but he was a long-term partner of businessman Hashim Djojohadikusumo.

138. Rudy Unjoto, 67

Daliatex Kusuma • Textiles

$165 million

Rudy is the managing director of PT Daliatex Kusuma. His company is one of a number that has
created solid niche markets in the textile market. It produces 40 million meters of woven fabrics
and other related products annually, with 90% going to export markets such as Korea and China.
Rudy also manages to source the vast majority of his raw materials domestically, with only 10%
imported from countries in North Asia. Rudy is one entrepreneur who believes that the ASEAN
Economic Community offers nothing but benefit for Indonesia.
139. A Tong, 71

Roda Vivatex • Textiles

$160 million

A Tong is a low-profile businessman whose PT Rodatex produces polyester-filament woven

fabrics for domestic as well as European, US, Asian and Middle East markets. The listed
company is headquartered in Bogor and is known for its GENO trademark, standing for
Georgette Number One. Established in 1980, the company began production in 1983 and is run
by professionals. A Tong rarely appears in public.

140. Batihalim Stefanus, 51

Nojorono Tobacco • Cigarettes

$155 million

Batihalim Stefanus is now at the helm of Nojorono Tobacco, founded in 1932 by brothers Tjoa
Kang Hay, Tan Tjiep Siang and Tan Kong Ping at Pati in Central Java. They expanded to Kudus
by taking on new partners Ko Djie Sion and Tan Dhing Dhay. Although the company’s products
are rarely visible in big cities, with the exception of popular brand ClassMild, launched in 2003,
they have a strong hold on smokers in many small cities and villages across Java. Nojorono owns
cigarette subsidiaries producing Aroma, Minak Djinggo, Matra and other cigarette brands, each
catering to different niche markets.

141. Mintarjo Halim, 61

Sandratex • Textiles

$150 million

Mintardjo Halim’s PT Sandratex is a joint venture with Hong Kong interests. He also has a joint
venture in Cambodia to produce woven shirts and blouses. Mintardjo served as the head of the
Africa committee of the Indonesian Chamber of Commerce and Industry (Kadin), a position that
provided strong links to some of the world’s leading cotton-producing countries. He was at one
stage planning to invest in Nigeria where he was offered 4 million hectares of land to plant
cocoa, coffee and oil palm. He has also floated the idea of establishing cotton warehousing in
Indonesia: normally, imports from Europe have to go through Malaysia and his plan would bring
imports directly to Indonesia, benefiting local traders. New government regulations favoring the
development of industry-specific logistics centers appear to support his plan.

142. Soedjono, 67

Wira Sakti Adimulya • Property, trading

$148 million

Soedjono’s Wira Sakti Adimulya operates in the upper end of the property market. His company
took charge of building Metro Marina, a luxury townhouse project at Ancol in North Jakarta in a
joint venture with the local government’s PT Pembangunan Jaya Ancol and real estate
management and development company PT Paramitha Mitra Sejati. Soedjono is known to
control large land banks in Kapuk, West Jakarta and Kelapa Gading in North Jakarta.

143. Fajar Suhendra, 68

Sumatra Growth Group • Steel production

$140 million

Fajar Suhendra’s Sumatra Growth Group (SGG) controls PT Indoferro, operator of a steel and
nickel foundry in Cilegon, Banten. Fajar, 63, partnered with Singapore’s Lee Metal to establish
Indoferro, which produces 250,000 tons of nickel pig iron per year. SGG is a collective of
investors that mainly focuses on the steel business. The company also deals in power, with three
biomass power plants already in operation and plans to develop a total of 20. Fajar’s son Radius
is now at the helm of Indoferro.

144. Jacobus Busono, 76

Pura Group • Printing, energy

$140 million

Jacobus Busono is king of the printing and packaging industry. His grandfather started a small
printing company in 1908 and when it came Jacobus’ turn to take charge, he turned it into the
market leader by investing heavily in sophisticated technology. Now the company generates
most of its revenue from printing smart cards, phone vouchers, bank notes, holographs and other
high-value items. Four subsidiaries have contracts to print currency for Brunei Darussalam,
Vietnam, India and a number of African countries. Pak Bus, who is fluent in German, English,
French and Dutch, was the sole Indonesian member of former French President Nicolas
Sarkozy’s World Entrepreneurship Group. He has also steered his company into renewables with
an environment-friendly stove and a plan to grow jarak, a source of bio-fuels, in Kudus, Central
Java

145. A Siang Rusli, 54

Kurnia Tetap Mulia • Entertainment, property

$135 million

A Siang is a respected businessman in Medan who runs the Kurnia Tetap Mulia Group. He has
strong support from the local community in the North Sumatra capital for his role in developing
the city’s economy. Known as a tough but successful operator, he is a shareholder in the JW
Marriott hotel and owns several other properties. He is related to Ishak Charlie, another
prominent businessman in Medan who also partners in the JW Marriott. The businessman is
rarely seen in public or pictured in the media.

146. Bambang Setijo, 74

Pan Brothers • Textiles

$135 million

Bambang’s PT Pan Brothers Tbk. is one of Indonesia’s best-performing textile firms. Pan
Brothers aims to boost production this year by constructing two new factories and doubling the
number of its machines. Pan manufactures knitted garments such as polo shirts, lightweight
jackets and pants. The company currently has 10 plants spread across Banten, West and Central
Java. Pan Brothers supplies garments to international retailers including Nike, H&M and
Lacoste, and its sales are denominated in dollars. Bambang maintains his interest in the company
through his investment vehicles PT Trisetijo and PT Sarana Integritas. He also has a minority
share in Hana Bank. Other investors in Pan Brothers include the Keris Group, represented by
Anne Patricia Sutanto, and Ganda Sitorus, brother of Martua Sitorus of Wilmar.
147. Tandean Rustandy, 58

Arwana Citramulia • Ceramics

$130 million

Tandean started his ceramics business Arwana Citramulia in 1993, after an initial start in trading
three years earlier. Kalimantan-born Tandean has proven himself a force in the ceramics industry
over the past 20 years. He has a new plant in Mojokerto, East Java which will provide capacity
for market expansion. Tandean is a believer in “happy workers are productive workers” and likes
to imbue Christian teachings in his management style. He started life in Pontianak, but after
elementary school in his hometown he shifted to Singapore and Toronto for his education before
completing his studies with a business degree from Colorado University in 1987.

148. Setiawan Djody, 67

Setdco Group • Shipping, oil and gas, property

$130 million

Setiawan Djody owns the diversified Setdco Group. Shipping of energy projects was a long-term
money-maker starting from 1975, and the group has expanded into property, energy,
agribusiness and telecommunications. The company also operates several oil fields overseas. A
painter and guitarist, he staged the Kantata Takwa concerts in the mid-1990s with rocker friend
Iwan Fals. However the friends have since fallen out: Iwan won a case in the West Jakarta
District Court in January, with Djody ordered to pay the singer and songwriter Rp200 million
over a disagreement over television rights to a performance. Meanwhile Angkasa Pura Airports
has signed a memorandum of understanding with Djody’s Setdco Mahaya to lay the groundwork
in designing and developing the proposed Airport City near Juanda International Airport in
Surabaya.

149. Marimutu Maniwanen, 61

Busana Apparel Group • Textiles

$110 million

Maniwanen has succeeded in maintaining his reputation in business circles despite the collapse
of his relative’s Texmaco empire. He is chairman and CEO of the Busana Apparel Group, one of
Indonesia’s biggest textile manufacturers, and is also president commissioner of Eratex Djaja.
His companies include PT Ungaran Sari Garment and PT Citra Abadi Sejati, with factories in
Purwakarta and Cikarang in West Java. The group produces high-quality men’s and women’s
garments and has developed long-term relationships with a number of major international clients
from North America and Europe, including brands such as Adidas, Calvin Klein, Esprit, Macy’s,
Marks and Spencer, Nike, Ralph Lauren, Tommy Hilfiger and more.

150. Ishak Charlie, 61

Arga Citra Kharisma • Hotels, palm oil

$110 million

Ishak is involved with A Siang in Kurnia Tetap Mulia as an owner of Medan’s JW Marriott
Hotel and is president director of PT Indoterminal Belawan Perkasa, which in the past was
contracted to operate Medan’s Belawan port crude palm oil terminal and pipeline network. He is
also in the palm oil business and is a commissioner at PT Agra Citra Kharisma (ACK). Like his
business partnet A Siang, he maintains a low profile.