Who Are The Conglomerates Arini Subianto, Rina And Junita Ciputra, Marina Budiman, To Kartini Muljadi: The Richest Woman In The Country

Kartini Muljadi conglomerate. (Photo: Wikimedia Commons)

JAKARTA - Forbes Magazine has re-released the 50 richest people in Indonesia, where among these conglomerates there are 5 women from Indonesia who are lined up to be the richest people in the country.

Citing Forbes data, Monday, December 20, in the 26th position, representing the family of real estate entrepreneurs, Ciputra Group. Ciputra's business empire was continued by his 4 children, two of whom were girls, namely Rina Ciputra Sastrawinata and Junita Ciputra.

The Ciputra family has a wealth of 1.65 billion US dollars or equivalent to Rp. 23.59 trillion (exchange rate of Rp. 14,300 per US dollar).

In addition to the Ciputra business continuation duo, there is Marina Budiman, a Co-Founder and President Commissioner of the data center company PT DCI Indonesia Tbk. (DCII). Marina formed DCII in 2011 with Otto Toto Sugiri.

He worked with Toto Sugiri at Bank Bali in 1985 and joined Sigma Cipta Caraka in 1989. He is also the Co-Founder of Indonet, the first internet provider in Indonesia in 1994.

Occupying the 30th richest person in Indonesia, his total wealth reaches 1.5 billion US dollars or Rp. 21.45 trillion. Furthermore, there is Arini Subianto in position 44 of the 50 Richest People according to Forbes. His total wealth reaches 975 billion US dollars or Rp. 13.94 trillion.

Arini is the son of tycoon Benny Subianto who died in January 2017. As the oldest child, Arini continues the regime of a multi billion dollar business empire. Arini is the President Director of the family holding company Persada Capital Investama. He also oversees Persada's investments in wood products and palm oil to rubber and coal.

Persada has a portfolio including a minority stake in coal giant PT Adaro Energy Tbk (ADRO). Arini has also invested in technology startups through Persada since 2017.

Lastly, she is in position 50 of the 50 Richest People in Indonesia, or the fifth richest woman in Indonesia, Kartini Muljadi, with a total wealth of Rp. 9.93 trillion. Kartini Muljadi and her children own the Tempo Group which is engaged in the health sector, the largest company being PT Tempo Scan Pacific Tbk (TSCP) which manufactures medicine and consumer goods.

He is a lawyer and has been a judge, his law firm Kartini Muljadi & Partners is well known as a corporate and commercial law firm in Indonesia.

His son, Handojo, resigned as the President Director of Tempo Scan in 2020 after 25 years of working there and is now the President Commissioner. Kartini also launched a book about batik on her 97th birthday in 2017.