Indonesia’s Richest 2019: Nation’s Wealthiest See Gains Despite Subdued Year

06-Dec-2019 Intellasia | Forbes | 6:02 AM Print This Post

Citizens of the world’s fourth most populous nation in May reelected president Joko “Jokowi” Widodo to a second term, hoping he can steer the country through the global trade headwinds that helped keep Indonesia’s economy in check this year. Despite the slowdown, the country’s 50 richest added $5.6 billion to their combined wealth, which touched a record $134.6 billion this year.

Close to half of those on the list saw their fortunes rise. The Hartono brothers stayed No. 1 for the eleventh consecutive year, with a net worth of $37.3 billion, as shares of their Bank Central Asia surged.

The biggest gainer by far was petrochemicals and energy tycoon Prajogo Pangestu, who jumped seven spots to No. 3. Investors drove up shares of his Barito Pacific on the prospect of rising demand for the power it produces.


Category: Indonesia

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