Solo Mayor Gibran Rakabuming Business Octopus, Now 'Handled' By Kaesang

JAKARTA - Gibran Rakabuming Raka handed over the management of his business to his younger brother Kaesang Pangarep. This decision was taken following the new status of Gibran, who is now the mayor of Solo as of his inauguration on 26 February.

Based on information collected by editors, the eldest son of President Joko Widodo (Jokowi) is known to have several potential millennial businesses, most of which are involved in culinary segmentation.

For example, Gibran is the owner of the Mangkok Ku brand in collaboration with renowned chef Arnold Poernomo. Then, he also controls the catering business Chili Pari which has been around for more than a decade, to be precise in 2010.

Then, the father of Jan Ethes is the owner of a culinary outlet selling martabak, namely Markobar, and a food and soft drink business with the brands Siap Mas, Ngedrink, and Kemripik.

Do not forget also start-up companies Goola, which sells various types of typical street food drinks such as es doger that packaged to be more modern. For this idea, Gibran is said to have received a capital injection from Alpha JWC Ventures of US $ 5 million or the equivalent of IDR 71 billion.

Other business sectors that he has explored are Apple product repair services through the Icolor brand, raincoats with the brand Tugas Negara Bos, and providing part-time English training for culinary practitioners in Solo.

For his various contributions, Gibran is entrusted with being the Chairman of the Association of Indonesian Catering Companies (APJBI) in Solo City.

Have assets of IDR 21 billion and debts of IDR 895 million

Previously, VOI had reported that Gibran Rakabuming Raka was known to have a total personal wealth of IDR 21.15 billion. This figure is quoted based on his report to the Corruption Eradication Commission (KPK) which was released on September 24, 2020.

This asset is an accumulation of several assets. Meanwhile, the highest value was in the form of land and buildings amounting to IDR 13.4 billion. The property's assets are spread over five locations.

Three of them are in Solo with a total of IDR 8.2 billion and two in Sragen, Central Java, with IDR 5.2 billion.

Then, the eldest son of the President of the Republic of Indonesia is also said to have vehicles and machines worth IDR 682 billion, which consists of a 2015 Honda Scoopy motorcycle IDR 7 million, a 1974 Honda CB-125 motorbike IDR 5 million, a motorcycle 2017 Royal Enfield IDR 40 million, a Toyota Avanza car in 2012 IDR 60 million.

Then, the 2012 Isuzu Panther car was IDR 70 million, the 2015 Daihatsu Grand Max car was IDR 60 million, and the 2016 Mitsubishi Pajero Sport car was IDR 350 million.

Furthermore, he is also known to have other movable assets of IDR 260 million, cash equivalents of IDR 2.15 billion, and other assets of IDR 5.55 billion.

Also, the KPK also stated that Gibran had an obligation in the form of debt of IDR 895.58 million.