From the Editor
  • Irwan Hidayat and his family own a majority stake in Industri Jamu Dan Farmasi Sido Muncul, Indonesia's largest herbal medicine company by revenue.
  • The publicly traded firm's biggest brand Tolak Angin treats coughs, colds and digestion.
  • The Hidayat family has branched out into hospitality with four hotels on the island of Java and a hotel management firm.
  • Irwan's brother David serves as president director of Sido Muncul.
  • The family sold a 21% stake to Affinity Equity Partners in 2021 and finished repurchasing its stakes in 2024.
Wealth History
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Personal Stats
Age
77
Source of Wealth
Herbal medicine
Residence
Jakarta, Indonesia
Citizenship
Indonesia
Marital Status
Married
Children
2
Did you know
Hidayat owns a mini zoo, which started out with a tiger given to him by some colleagues.
Hidayat's grandmother started the company with one drugstore in Yogyakarta in 1940.
Sido Muncul is building a museum and research center in Semarang, Central Java, for over $24 million
Related People & Companies
Indonesia
Indonesia
Citizen of Indonesia
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