Sri Prakash Lohia

More than half of the tycoons on the Forbes’ 2020 list of Indonesia’s 50 Richest saw their fortunes decline from a year ago amid the pandemic.

Indonesia’s 50 richest boosted their combined wealth this year, with 24 of them adding to their fortunes. The total net worth of the tycoons on the Forbes Indonesia Rich List rose to US$134.6 billion, a gain of $5.6 billion from a year earlier.

Amid continued economic growth and a 4.4% rise in the stock market index in the last 12 months, the combined net worth of tycoons on the Forbes Indonesia Rich List climbed to a record US$129 billion, up from $126 billion a year ago.

The total wealth of the top 50 hits a record $129 billion.

JAKARTA AND SINGAPORE (November 30, 2017) – The Hartono brothers, who have topped the Forbes Indonesia Rich List for nine years in a row, continue to surge ahead in this year’s ranking. Their net worth rose to US$32.3 billion from $17.1 billion last year, largely thanks to a nearly 50% [...]

JAKARTA (December 1, 2016) – Due to favorable economic conditions, more than half of the country’s 50 wealthiest on this year’s Forbes Indonesia Rich List saw their wealth rise. The combined net worth of the country’s top 50 richest rose to US$99 billion, from $92 billion last year. The complete [...]

JAKARTA (May 31, 2016) – Forbes Media LLC today announced that it will hold its annual Forbes Global CEO Conference in Jakarta, Indonesia from November 29 to December 1, 2016. Now in its 16th year, the Forbes Global CEO Conference serves as an annual platform for some 400 influential CEOs, tycoons, [...]

 JAKARTA AND SINGAPORE (December 3, 2015) – Lower oil prices along with a depreciating rupiah and continued falls in palm oil and coal prices for the second straight year have taken a toll on the wealth of Indonesia’s richest. According to the 2015 Forbes Indonesia Rich List, the country’s Top [...]

MANILA / SINGAPORE (August 24, 2015) – Forty-three global business leaders and entrepreneurs have confirmed to speak at the annual Forbes Global CEO Conference, which will take place in Manila for the first time from October 12-14, 2015. Now in its 15th year, the Forbes Global CEO Conference gathers some [...]

Fellow billionaires are helping the Chaudhary Foundation meet its target of reconstructing 10,000 homes and 100 schools in Nepal

JAKARTA AND SINGAPORE (December 4, 2014) – Banking tycoons Budi and Michael Hartono are the richest Indonesians with a net worth of US$16.5 billion according to the latest Forbes Indonesia Rich List. The brothers have topped the list for the sixth year in a row. The complete list is available [...]

From Singapore--for now--Amit Lohia is steering Indorama Corp.'s $2 billion African push in petrochemicals.

Young's stake in Plastipak, maker of plastic bottles for soda and detergent, lands him on the Forbes list of billionaires.

Lohia's latest triumph is reviving a Nigeria petrochemical plant.

More than five dozen billionaires from 20 countries are expected to be in Davos for the World Economic Forum this week.

Rising commodity prices and savvy dealmaking have made it a huge year for Indonesia's wealthiest. More than half are billionaires.