Indonesia’s 50 Richest Hit a Milestone with Collective Wealth Reaching $263 Billion

Indonesia’s billionaires have achieved a historic milestone as the collective wealth of the 50 richest individuals in the country climbed to $263 billion in 2024, up from $252 billion last year.

This growth, buoyed by a 3% rise in the benchmark stock index and Indonesia’s economic ambitions under President Prabowo Subianto, has also raised the minimum threshold for inclusion to $1 billion for the first time, up from $940 million in 2023.

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Full List of Indonesia’s 50 Richest Individuals

Top 10 Richest

1. 1. R. Budi & Michael Hartono – $50.3 billion (Diversified)
   2. Prajogo Pangestu – $32.5 billion (Diversified)
   3. Low Tuck Kwong – $27 billion (Energy)
   4. Widjaja family – $18.9 billion (Diversified)
   5. Anthoni Salim & family – $12.8 billion (Diversified)
   6. Sri Prakash Lohia – $8.7 billion (Manufacturing)
   7. Agoes Projosasmito – $7 billion (Metals & Mining)
   8. Tahir & family – $5.3 billion (Diversified)
   9. Chairul Tanjung – $5.2 billion (Diversified)
   10. Dewi Kam – $4.8 billion (Energy)

Ranks 11–20

1. 11. Jogi Hendra Atmadja & family – $4.4 billion (Food & Beverage)
   12. Djoko Susanto – $4.3 billion (Fashion & Retail)
   13. Bachtiar Karim & family – $4.1 billion (Manufacturing)
   14. Setiawan family – $4.05 billion (Healthcare)
   15. Lim Hariyanto Wijaya Sarwono – $4 billion (Metals & Mining)
   16. Theodore Rachmat – $3.9 billion (Diversified)
   17. Garibaldi Thohir & family – $3.8 billion (Energy)
   18. Martua Sitorus – $3.6 billion (Manufacturing)
   19. Sukanto Tanoto – $3.4 billion (Diversified)
   20. Wijono & Hermanto Tanoko & family – $3.3 billion (Diversified)

Ranks 21–30

1. 21. Hilmi Panigoro & family – $3.25 billion (Energy)
   22. Alexander Ramlie – $3.2 billion (Metals & Mining)
   23. Susilo Wonowidjojo & family – $2.9 billion (Manufacturing)
   24. Ciliandra Fangiono & family – $2.4 billion (Manufacturing)
   25. Mochtar Riady & family – $2.25 billion (Diversified)
   26. Otto Toto Sugiri – $2.21 billion (Technology)
   27. Bambang Sutantio – $2.2 billion (Food & Beverage)
   28. Peter Sondakh – $2.1 billion (Finance & Investments)
   29. Arini Subianto & family – $2 billion (Metals & Mining)
   30. Putera Sampoerna & family – $1.85 billion (Finance & Investments)

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Ranks 31–40

1. 31. Hamami family – $1.8 billion (Construction & Engineering)
   32. Ciputra family – $1.7 billion (Real Estate)
   33. Edwin Soeryadjaya & family – $1.6 billion (Energy)
   34. Manoj Punjabi – $1.5 billion (Media & Entertainment)
   35. Jenny Quantero & Engki Wibowo – $1.49 billion (Energy)
   36. Hary Tanoesoedibjo – $1.45 billion (Media & Entertainment)
   37. Lim Chai Hock – $1.4 billion (Energy)
   38. Sulistyo family – $1.35 billion (Manufacturing)
   39. Eddy Sugianto – $1.34 billion (Metals & Mining)
   40. Husain Djojonegoro & family – $1.33 billion (Manufacturing)

Ranks 41–50

1. 41. Marina Budiman – $1.32 billion (Technology)
   42. Kiki Barki – $1.3 billion (Energy)
   43. Husodo Angkosubroto & family – $1.28 billion (Diversified)
   44. Soegiarto Adikoesoemo – $1.25 billion (Diversified)
   45. Murdaya Poo – $1.2 billion (Diversified)
   46. Kuncoro Wibowo & family – $1.19 billion (Fashion & Retail)
   47. Irwan Hidayat & family – $1.15 billion (Healthcare)
   48. Sjamsul Nursalim – $1.1 billion (Automotive)
   49. Haryanto Tjiptodihardjo – $1.06 billion (Manufacturing)
   50. Han Arming Hanafia – $1.05 billion (Technology)

Trends and Observations

• Sector Dominance: Diversified industries take the lead, with energy and manufacturing following closely.
• Women Entrepreneurs: Billionaires like Dewi Kam and Marina Budiman showcase the growing role of women in business.
• Technology Surge: Tech moguls like Otto Toto Sugiri and Marina Budiman highlight the sector’s rise.
• Economic Optimism: Indonesia’s target of 8% growth continues to create opportunities for wealth creation.

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