10 Richest People In Indonesia Update In January 2025: Prajogo Pangestu Achieves Top Position!

Conglomerate Prajogo Pangestu. (Photo: Doc. Antara)

YOGYAKARTA - When discussing who is the richest person in the world in 2025, of course, Elon Musk's name will be called, right? This is quite reasonable, because based on Forbes Real Time Billionaires data as of last Saturday (8/2/2025). Elon Musk has assets of US$ 397.4 billion, or around Rp. 6,208 trillion if converted into rupiah. But curious not to the richest person in Indonesia?

The reason is, the 10 richest people in Indonesia updated in January 2025, which is still controlled by business people who control various business sectors such as banking, mining, energy to media and retail. By reaping many benefits from the sector, they finally brought these entrepreneurs to the highest peak of the richest people in our country. Who are they?

Launching from a website whose credibility is recognized in the United States, Forbes, which is updating the list of the richest people in Indonesia. The first rank is led by Prajogo Pangestu, a boss of a well-known mining company, Barito Pacific Group. Let's discuss who the top 10 is!

1. Prajogo Pangestu

As mentioned earlier, Prajogo Pangestu's name ranks the richest person in Indonesia. Did you know that the owner of this mining company has assets of US$44.4 billion! The reason is, Prajogo started his business from the timber sector in the late 1970s. Only then was his company, which at that time was called Barito Pacific Timber, then took the floor to the stock exchange in 1993 and changed its name to Barito Pacific after reducing timber business activities in 2007.

That same year, 70 percent of the shares of petrochemical company Chandra Asri were acquired by Barito Pacific and then joined the Indonesian Polyta tri in 2011, as the largest integrated and petrochemical producer in the archipelago. Then, Prajogo brought his coal mining company, Petrindo Jaya, to the stock market in 2023. At the end of that year, he also registered a subsidiary of renewable energy called Barito Renewables Energi.

2. Low Kwong Truck

In the position of the second richest person in Indonesia, coal mining entrepreneurs are also holding Low Truck Kwong. This Singapore-born entrepreneur has a net worth of 28.4 billion. Low Kwong Truck is the founder and boss of coal company Bayan Resources and also the control holder of the renewable energy company in Singapore, Metis Energi.

He is also the person behind the large underwater cable construction project in the Republic of Indonesia, Singapore and Malaysia. Not only that, the Kwong Low Truck also has shares in the Electric Voksel, Samindo Resources, and The Farrer Park Company.

3. Budi Hartono

After the passing of Budi's father and his brother Michael to the side of God Almighty, they began exporting tobacco products in 1972. Until now, Budi is known to own one of the largest private banks in our country, namely PT Bank Central Asia TBK (BCA). In Yahun 2022, these two brothers expanded their business by registering Global Digital Niaga to the stock exchange, which has a Blibli e-commerce platform. The BCA Bank Boss's wealth was interpreted at 23.5 billion.

4. Michael Hartono

Michael Hartono is included in the 4th position of the list of the 10 richest people in Indonesia updated in January 2025. As explained above, he is the brother of R. Budi Hartono who also inherited Djarum's cigarette business from their father. Not only the cigarette sector, the majority of the wealth comes from his investment in Bank BCA. Michael is also known to have an oil palm plantation of 65,000 hectares in West Kalimantan. Michael's total wealth is estimated to reach US$ 22.5 billion.

5. Sri Prakash Lohia

The list of the next richest people is Sri Prakash Lohia, it is known that she moved from India to Indonesia in the 1970s with her father and founded Indorama Corporation. Initially, Indorama was a company that focuses on producing braid threads. Its business then expanded to the realm of the petrochemical sector with products that included textile raw materials, medical gloves, fertilizers, and poliolefin. Currently Sriprakash Lohia has a wealth of up to US$ 8.6 billion, most of which comes from the production of fertilizers and polymers.

6. Agoes Projosasmito

The figure of Agoes Projosasmito is known to have served as Commissioner of Amman Mineral Internasional, the second-largest copper and gold mining company in Indonesia. He also owns minority shares in companies that have been trading on stock exchanges since July 2023. As a veteran investment banker, Agoes has shares in a number of other companies, such as coal mining company Bumi Resources, and oil and gas company Medco Energi Internasional. Agoes' total wealth is estimated at US$ 5.4 billion.

7. Dewi Kam

For the 7th richest people in Indonesia, there is Dewi Kam who is the owner of a minority stake in the coal issuer company PT Bayan Resorces TBK owned by Low Truck Kwong. Having an interest in the construction and operation of the power plant, Dewi Kam herself is the owner of PT Sumbergas Sakti Prima (SSP), which runs the Jeneponto PLTU project in South Sulawesi. It is currently known that Dewi has a wealth worth US$ 4.9 billion. At the beginning of last year, Forbes Billionaires said Dewi Kam had a wealth worth US$ 4.45 billion. At that time this figure made her perched in the 10th list of the richest people in the country.

8. Tahir and Family

The figure of Tahir and his family is ranked 8th out of the 10 richest people in Indonesia with an update in January 2025. Did you know that Tahir and his family are the founders of the Mayapada group, a conglomerate company that focuses on banking, real estate, and health care. His family owns shares in Bank Mayapada and Maha Properti Indonesia which are registered on the Indonesia Stock Exchange. And the user has an investigation, Tahir's wife is Rosy, who is the son of one of the Indonesian tycoons, Mochtar Riady owner Lippo Group. It is known that Tahir and his family have a wealth of US$ 4.9 billion.

9. Chairul Tanjung

This conglomerate figure is known to be the owner of the CT Corp conglomerate company, which is known for issuing Credit cards, managing TV stations, and operating hypermarkets. The conglomerate manages Trans Retail, a grocery store with Transmart and Carrefour brands. Chairul Tanjung is also known to own shares in Allo Bank Indonesia, which is one of the largest digital banks in Indonesia, and the national airline Garuda Indonesia. He also holds the Wendys franchise in Indonesia and has franchises, Manggo, Jimmy Choo, and Versace. His wealth currently reaches US$ 4.4 billion. Compared to previous year's data which reached US$ 5.7 billion.

10. Djoko Susanto

List of the 10th richest people, Djoko Susanto. He is a well-known retail business entrepreneur and owner, PT. Sumber Alfaria Trijaya TBK. This company is known to manage various famous supermarket brands that we know by name, Alfamart, Alfamidi, Lawson, and Alfa Express. Through this retail business, Djoko Susanto has more than 22,000 convencience stores throughout the archipelago and more than 2000 stores in the Philippines. In 2022, he bought shares worth US$ 30 million at Bank Aladin Syariah, which provides sharia financial services. This Alfamart pioneer is known to have a total wealth of US$ 4.2 billion.

For related news, read also: The Figures Of Indonesia's Youngest Conglomerate, Ciliandra Fangiono And His Wealth

So after knowing the 10 richest people in Indonesia updated in January 2025, see other interesting news on VOI.ID, it's time to revolutionize news!