Profile John Kusuma, Corporate Cigarettes Withharted Rp20 Trillion

Illustration (Tumisu -Pixabay)

YOGYAKARTA Some people may want to know the profile of John Kusuma who is included in the Forbes economic magazine's list of richest people in Indonesia.

The owner's real name, John Darma J Kusuma, is known as the Indonesian conglomerate, who is involved in the cigarette and bank business. So, what is his figure like?

Compiled by VOI from various sources, Wednesday, December 7, 2022, here is complete information about John Kusuma's profile.

The name John Kusuma was once included in the Forbes 2021 list of the richest people in Indonesia.

John Kusuma's assets are estimated at US$1.4 billion or around Rp. 2 trillion (assuming 1 dollar equivalent to Rp. 15,000). No wonder the conglomerate is included in the ranks of the 50 richest people in Indonesia and is ranked 32nd.

John is one of the top officials of PT Nojorono Tobacco International (Nojorono) - a cigarette factory founded on October 14, 1932 by Ko Djee Siong and Tan Djing Thay and centered in Kudus City, Central Java.

Since 1990, Nojorono's management has been continued by the third generation of his family. Well, John Kusuma is one of his heirs.

PT Nojorono International Tobacco is one of the pioneers of kretek cigarettes in the country. Nojorono products that are popular in the community are Minak Djinggo and Class Mild.

Nojorono occupies the fifth position in the largest cigarette industry in Indonesia with a total production of around 10 billion cigarettes per year.

Apart from being a high-ranking official at PT Nojorono International Tobacco, John Kusuma also owns shares in Bank Aladin Syariah.

This is known from the Initial Public Offering (IPO) prospectus of Bank Aladin, behind the name NTI Global, the last controlling shareholder (PSPT) or the Benefical Ownership.

For additional information, in 2019, John Kusuma bought 100 percent of shares owned by Bank Maybank Syariah Indonesia.

After John's recognition, Maybank Syariah Indonesia changed its name to PT Bank Net Syariah on December 20, 2019.

In 2021, or two years after the acquisition, John Kusuma's bank will be renamed Bank Aladin Syariah, and will focus on becoming a digital bank.

John is noted to have controlled the majority of shares in Bank Aladin Syariah, as much as 60.43 percent or equivalent to 7.89 billion shares. The large number of shares that John Kusuma controlled made him one of the richest people in Indonesia.

Since 2021, the banking issuer coded BANK has experienced a significant increase. Bank Aladin Syariah was first listed on the stock market on February 1, 2021, with the initial public offering price at the level of IDR 103 per share.

In just six months, Bank Aladin Syariah shares increased significantly, by 16.23 percent with a market capitalization value of IDR 40.78 trillion.

Currently, John Kusuma is the last shareholder of NTI Global and controller of PT Bank Aladin Syariah Tbk, (d/h PT Bank Net Indonesia Syariah Tbk,). This is also a source of John Kusuma's wealth.

This is information about the profile of Joh Kusuma, a 30 trillion conglomerate.