Low Tuck Kwong

Indonesia Pratama—a unit of billionaire Low Tuck Kwong’s Bayan Resources—awarded a $6.8 billion coal mining services contract to Bukit Makmur Mandiri Utama.

Mandiri Herindo Adiperkasa—controlled by tycoon Eddy Sugianto—has won a $1.5 billion deal to transport coal for a unit of billionaire Low Tuck Kwong’s Bayan Resources.

Half the tycoons on this year’s list are richer than they were a year ago Brothers R. Budi and Michael Hartono retain their No. 1 spot with a fortune of $48 billion.

Our 17th edition of the annual list spotlights 15 philanthropists who have in the past year shown commitment and donated generously to causes close to their hearts.

The December issue illustrates the resilience of the region’s businesses, and the generosity of its leading entrepreneurs despite a dawning era of uncertainty.

Bambang Sutantio is milking profits since listing Cimory in 2021.

Djoko Susanto jumps 12 spots to No. 10 on the list of Indonesia’s 50 richest.

The founder of Bayan Resources, Indonesia’s fourth largest producer believes coal, seen as a sunset industry, still has a profitable future.

Global uncertainty draws investors to Southeast Asia’s largest economy, as economic growth accelerates in 2022.

With six newcomers–three from coal-collective net worth scaled a new peak.

Coal fortunes soared in the wake of surging demand from China for the commodity that helped push the benchmark price to an all-time high this year.

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.

Billionaire Low Tuck Kwong has a special hobby--his own private zoo.

Cool kings.

Readers discuss previous issues.

Low Tuck Kwong joined the billionaire ranks by digging coal out of some of the most inaccessible mines in the world.