Soegiarto Adikoesoemo founded AKR Corporindo as a chemicals trader in 1960 and listed it on the Indonesian Stock Exchange in 1994.
AKR Corporindo is now engaged in petroleum trading and distribution, logistics services, chemical manufacturing and industrial estate.
AKR Corporindo and British oil and gas firm BP's joint venture distributes aviation fuel and operates jointly branded service stations in Indonesia.
Soegiarto is AKR's president commissioner. His son Haryanto is president director.
In September 2024, AKR's East Java industrial estate JIIPE inaugurated the world's largest single line copper smelter by capacity, run by Indonesia-U.S. joint venture Freeport Indonesia.
Kiki Barki, whose coal mining riches made him a billionaire, is shifting his Harum Energy’s focus into nickel, which is used to power electric vehicles.
Media and property mogul Hary Tanoesoedibjo, executive chairman of Media Nusantara Citra (MNC) group, who dropped out of the ranks last year, is back on the list, boosted by his business associate’s imminent return to the White House.
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 son of billionaire Soegiarto Adikoesoemo, Haryanto Adikoesoemo has a valuable art collection, which includes works by Andy Warhol and Jeff Koons, that is now open to the public.
When it comes to creating wealth, America still reigns supreme. The U.S. boasts 540 billionaires, more than any other country on the planet and more than all of Europe combined. Here's the full list of every American with a ten-digit fortune.