Wealth Of Indonesia's 50 Richest On Forbes List Rises To US$263 Billion [Forbes]
PT BANK CENTRAL UNSP/ADR (PBCRY)
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Source: Forbes
SINGAPORE (December 12, 2024) – The collective wealth of tycoons on the 2024 Forbes list of Indonesia's 50 Richest rose US$11 billion to $263 billion, from $252 billion a year ago. Notably, the minimum net worth to qualify for the list crossed $1 billion for the first time, up from $940 million last year. The complete list is available here , as well as in the December issue of Forbes Asia Forbes Asia Forbes Asia A total of 31 listees are wealthier this year, including brothers R. Budi and Michael Hartono, at No. 1, a position they have held for over a decade. Their fortune is up by $2.3 billion to $50.3 billion, thanks partly to rising shares of Bank Central Asia, which posted stellar loan growth over the nine-month period ended September. Petrochemicals and energy tycoon Prajogo Pangestu retains the second spot, despite a 25% drop in his wealth to $32.5 billion. The decline was largely due to an adjustment in the valuation of his geothermal energy firm Barito Renewables Ene
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