3 New Names Enter Top 10 Richest in Indonesia
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Indonesia’s 10 Richest People in 2024: A new generation of Tycoons Emerges
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Forbes’ latest ranking reveals a surge in wealth among Indonesian tycoons, with a record-breaking collective net worth and the emergence of three new faces in the top 10.
Published: December 13, 2024, 08:13:42
Key Findings: A Record Year for Indonesian Billionaires
The Indonesian Composite Stock Price Index (IHSG) experienced a substantial increase of 17% this year, fueling a significant rise in the collective wealth of the nation’s richest individuals. The total wealth of the top 10 Indonesian tycoons reached a new high of US$306 billion, a considerable jump from the US$263 billion recorded in the previous year, according to Forbes’ December 12, 2024 report.
This year’s list isn’t just about increased wealth; it marks a generational shift,with three newcomers displacing established figures in the rankings.
The Newcomers: otto Toto Sugiri, Marina Budiman, and the wijono & Hermanto Tanoko Family
The three tycoons who broke into the top 10 are:
- Otto Toto Sugiri: Founder of Kalbe farma, a leading pharmaceutical company in Southeast Asia.
- Marina Budiman: A key figure in the D&P Group, a prominent player in the fast-food industry, particularly known for its Pizza Hut franchise in Indonesia.
- Wijono & Hermanto Tanoko Family: Owners of the automotive parts manufacturer, Adaro Energy, benefiting from increased demand in the automotive sector.
Their rise reflects the dynamic nature of the Indonesian economy and the emergence of new industries driving wealth creation.
The Top 10 Richest Indonesians (2024)
While the full list details are available on Forbes, here’s a snapshot of the top contenders:
| Rank | Name | Net Worth (USD Billion) | Source of Wealth |
|---|---|---|---|
| 1 | R. Budi & michael Hartono | 39.8 | banking, Tobacco |
| 2 | Chairul Tanjung | 34.9 | Conglomerate |
| 3 | Lucio Tan | 33.1 | Beverages, Tobacco |
| 4 | Eka Tjipta Widjaja | 32.3 | Palm Oil, Pulp & Paper |
| 5 | Robert Budiarto | 27.9 | Fast Food |
| 6 | Sutanto Adhi | 24.8 | coal |
| 7 | otto Toto Sugiri | 23.2 | Pharmaceuticals |
| 8 | Marina Budiman | 21.5 | Fast Food |
| 9 | Wijono & Hermanto Tanoko Family | 19.7 | Automotive Parts |
| 10 | Boenjamin |