Elon Musk's Wealth Is Equivalent To The 2020 State Budget, Five Times That Of The Richest Indonesian

The richest man in the world today, Tesla CEO Elon Musk. (Photo: Instagram @elonmusk)

Jakarta - Bloomberg on Friday, January 8, released data on the assets of the world's richest people, which are summarized in the Bloomberg Billionaire Index. In the report, it was revealed that Elon R. Musk managed to occupy the top position with a score of 195 billion US dollars.

This achievement displaced Jeff Bezos, who had occupied first place for some time with an estimated wealth of 185 billion US dollars.

So, how do the assets of Indonesia's top tycoons compare to that of Elon R. Musk?

Quoting the official Forbes Indonesia broadcast on Thursday, December 10, 2020, it was stated that the wealthiest people in this republic were the Hartono brothers with total assets of US $ 38.8 billion or the equivalent of Rp.547.8 trillion (exchange rate of Rp.14,100).

When compared to Elon R. Musk, the Hartono family's money is 'only' one-fifth of the wealth of the most wealthy people on the planet, or about 20 percent.

This means that the entrepreneur from Kudus, Central Java, must make the Djarum Super cigarette company and the entire business group five times bigger than the current position. But that's not enough. BCA's stock capitalization is required five times more than it currently has, namely 51 percent.

This means that there must be at least two and a half more BCA's that have to stand up to be able to take advantage and compete with Elon R. Musk. As previously reported, the Hartono Clan is the legal owner and control of the Djarum Group and PT Bank Central Asia Tbk. (BCA).

Furthermore, the second top rich person in Indonesia is occupied by the family of Sinar Mas Group founder Eka Tjipta Widjaja. The wealth of the Sinar Mas Group family is estimated by Forbes to be valued at US $ 11.9 billion or equivalent to Rp. 167.79 trillion.

Again, this tycoon from the Widjaja family has not been able to compete with Elon R. Musk in terms of assets because he only has about 6 percent of the pockets of the richest people in the world.

In third position, there is petrochemical tycoon Prajogo Pangestu with total assets of US $ 6 billion or IDR 84.6 trillion. Although his net worth fell 21 percent due to the weakening petrochemical market, Pragojo remained unchanged in third place.

When compared to the treasures with Elon R. Musk certainly can't beat. This is because even bosses who are perched in positions one and two cannot approach or even surpass them.

Then, the fourth and fifth positions were occupied by Anthoni Salim from the Salim Group amounting to US $ 5.9 billion (Rp.83 trillion), and Sri Prakash Lohia from the Indorama group with a score of US $ 5.6 billion (Rp.79 trillion).

Uniquely, if all the assets of these five conglomerates are combined, it is not enough to drain Elon R. Musk's pocket because it only amounts to 68.2 billion US dollars.

Elon R. Musk's wealth, which is estimated at 195 billion US dollars or around Rp2,500 trillion, can only be rivaled by the Indonesian government. Do not believe?

In a press conference for the realization of the 2020 State Budget which was held on Wednesday, January 6, 2021, Minister of Finance Sri Mulyani stated that state expenditure during the last year period amounted to IDR 2,589 trillion. This must also be supported by financing, aka state debt. This means that Elon R. Musk's wealth is equivalent to the entire Indonesian budget in one APBN period.