Widjaja family

The Widjaja family’s wealth soared 75% to $18.9 billion, fueled by a sevenfold jump in shares of Dian Swastatika Sentosa, the energy-to-infrastructure unit of their Sinar Mas group.

Smartfren Telecom—controlled by billionaire Widjaja family’s Sinar Mas—and Malaysia’s Axiata Group are merging their Indonesian telcos in a deal valued at $6.5 billion.

SMPlus Digital Investama, controlled by Indonesia’s Widjaja family, is partnering with Korean tycoon Kim Nam-goo to develop a $300 million data center in Jakarta.

Billionaire Widjaja family-backed Smertfren and Malaysia's Axiata Group are in talks to merged their mobile phone companies in Indonesia, one of Southeast Asia's most competitive telecom markets.

Billionaire Widjaja family's Golden Energy and Resources and partner M Resources will buy the coal business of Australia’s South32 for up to $1.65 billion.

Sinar Mas Land, a Singapore-listed property developer controlled by the Widjaja family, has established an investment unit called Living Lab Ventures that aims to fund startups in Indonesia.

Singapore listed Sinar Mas Land – controlled by Indonesia's second richest, the Widjaja family – through its unit, SML Strand has entered a sale and purchase agreement with Land Securities Group for a commercial building in central London for 195 million pound ($240 million) according to a filing...

Amid an economic uptick, Indonesia's benchmark stock market index rose over 19% since we last measured fortunes, helping to lift the collective net worth of the country’s 50 richest people by over 21%.

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.

In Southeast Asia’s worst-hit country, over half of its 50 richest saw their wealth decline.

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.

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.

A tech startup launched by an heir to the Chearavanont family’s business empire has secured funding from the venture capital arm of Sinar Mas Group, one of Indonesia's largest conglomerates, which is controlled by the Widjaja family.

All together, the Top 50 Richest Asian Families are worth US$519 billion.

The biggest target of the protectionist measures, Gold East Paper, is owned by the Widjaja family of Indonesia.

Indonesia's Widjaja family is making a comeback. One reason is Eric Oei, a rising star of the fourth generation.