Billionaires Of Success In Indonesia And The World In Shares: Here Are Some Of The Lists

Indonesian And World Success Billionaires In Stocks (Freepik Pressphoto Image)

YOGYAKARTA - Several billionaires of Indonesia's success and the world in stocks can provide insight and experience that really inspires us.

The reason is, due to the increase in several stocks, it has succeeded in making the figure of a billionaire in our country accumulate the value of his wealth. This has even become a concern for market players in Indonesia for an understanding of who the owner behind the shares is.

Several examples of shares belonging to the Indonesian conglomerate, Prajogo Pangestu, which at the end of 2023 took the floor on the Indonesia Stock Exchange (IDX), namely PT Petrindo Jaya Kreasi Tbk (Cuan) and PT Barito Renewables Energi Tbk (BREN).

It is known that PT Petrindo Jaya Kreasi Tbk (CUAN) was listed on the IDX on March 8, 2023, with an IPO price of Rp220 per share. Until trading on December 1, 2023, the price of CUAN shares has increased by 3,184.67% in the position of Rp9.000 per share.

Although when looking at the results of PT Petrindo Jaya Kreasi Tbk (CUAN)'s financial report until September 30, 2023, there was a decrease in net profit attributable to owners of the parent entity by 30.85% to Rp175.24 billion, compared to the same period the previous year of Rp253.43 billion. However, the price of CUAN shares continued to advance by thousands of percent because Prajogo Pangestu's track record as a successful entrepreneur.

And PT Barito Renewables Energy Tbk (BREN) which just took the floor on the IDX on October 9, 2023, with an IPO price of IDR 780 per share also recorded a jump of 597.44% until trading on December 1, 2023, at IDR 6,800 per share. The following is the list of the richest people in our country recorded on the IDX.

I. Prajogo Pangestu

The name Prajogo Pangestu has succeeded in becoming the number one richest person in Indonesia by shifting Low Tuck Kwong and 2 brothers Robert Budi Hartono and Michael Bambang Hartono. Prajogo Pangestu's wealth based on Forbes Real Time Billionaires is US$47.6 billion or equivalent to Rp736.85 trillion (Rp15,480/US$1).

Prajogo Pangestu's increase in wealth was driven by an increase in some of Prajogo's shares, one of which is currently successfully occupying the top 2 shares with the largest market cap on the IDX, namely PT Barito Renewables Energy Tbk (BREN) with a market cap of IDR 909.75 trillion with an increase in stock price year to date (ytd) reaching 597, 44% until trading Friday (1/12/2023) at IDR 6,800 per share.

II. Low Tuck Kwong

Low Tuck Kwong occupies the position of the second richest person in Indonesia. Based on Forbes Real Time Billionaires, Low Tuck Kwong's total wealth reached US$27.3 billion or equivalent to Rp422, 60 trillion.

Low Tuck Kwong's wealth was driven by the increase in several shares he owns. Where one of Low Tuck Kwong's shares is in the top 4 of Indonesia's shares with the largest market cap on the IDX, namely PT Bayan Resources Tbk (BYAN).

The increase in coal shares of PT Bayan Resources Tbk (BYAN) during the moment of the coal bullish in 2022 also succeeded in making Low Tuck Kwong the second richest person in Indonesia and shifting 2 brothers Robert Budi Hartono and Michael Bambang Hartono.

III. Robert Budi Hartono and Michael Bambang Hartono

The 2 brothers Robert Budi Hartono and Michael Bambang Hartono are in the top 3 and the 4 richest people in Indonesia. Sourced to Forbes Real Time Billionaires, Robert Budi Hartono's total wealth is US$24.8 billion or equivalent to Rp383.90 trillion by occupying the position of the 3 richest people in Indonesia, while No. 4 is occupied by Michael Bambang Hartono with a total wealth of US$23.7 billion or equivalent to Rp366.87 trillion.

I. Warren Buffett

Warren Edward Buffet is the name best known in the investment industry. His expertise in this field earned him the nickname Oracle of air.

There is also an investment strategy by entering shares in companies that he considers undervalued but managed well.

II. Jim Simons

King James Harris' Quant "Jim" Simons is thought to be one of the best investors of all time. He gained success by mastering mathematical principles and applying them to the economic market.

He uses algorithms and models to benefit from market anomalies. Despite having a brilliant career as a prize-winning mathematician and an proficient code-breaking for IDA, he chose to enter finance.

III. Ken Griffin

Kenneth Griffin is another investor who has a deep close relationship with mathematics. Because of that, Griffin loves a quantitative investment approach. With scientific data, he takes risks in various investment options.

In 2021, Griffin and her company, Citadel LLC, have received considerable recognition. But unfortunately, this recognition has nothing to do with the efficiency of hedge funds. That is, the investment made by Griffin is considered not always efficient.

In addition, it is necessary to know the latest Forbes Version of the 100 Richest People in Indonesia.

So after knowing that the billionaires were successful in Indonesia and the world in stocks, see other interesting news on VOI.ID, it's time to revolutionize news!