IPO has several advantages for the shareholders of the company and one of the advantages of the IPO is increasing the company's valuation. When the company listed their company in the Stock Exchange, public not only can calculate the valuation of the company but also the amount of wealth owned by the owners as the shareholders. Under these circumstances, Forbes releases data of the 10 richest people in the world annually, including in Indonesia. Here are the 10 richest people in Indonesia in 2024 according to Forbes magazine.

1. Robert Budi Hartono and Michael Hartono

Selama lebih dari 10 tahun, Hartono Bersaudara masih menduduki puncak teratas dari orang terkaya di Indonesia. Kekayaan mereka saat ini sebesar $50,3 milyar atau meningkat sebesar $2,3 milyar dari tahun lalu. Beberapa Perusahaan yang mereka miliki adalah:

For more than 10 years, the Hartono Brothers have still occupied the top spot of the richest people in Indonesia. Their current wealth is $50.3 billion or increase of $2.3 billion from last year. Some of their Companies are:

In addition, they have companies that are not listed on the Indonesia Stock Exchange, such as companies which operating in the cigarette, property, electronics, agribusiness, media, food and beverage industries.

2. Prajogo Pangestu

In 2024, Prajogo Pangestu has wealth of $32.5 billion or decrease around 25% from 2023. This decline was caused by decreasing in the valuation and price of the company shares owned by Prajogo Pangestu.

Penurunan ini disebabkan oleh terjadinya penurunan valuasi dan harga saham yang dimiliki oleh Prajogo Pangestu. Some of the companies that he owns are:

In addition, Prajogo Pangestu also has shares in several companies such as PT Petrosea Tbk. (PTRO) and PT Star Energy Geothermal.

3. Low Tuck Kwong

Similar to the previous year, Low Tuck Kwong, who is known as a coal entrepreneur, is again ranked third among the 10 richest people in Indonesia. His net worth is $27 billion, which has not changed much compared to the previous year. The company owned by Low Tuck Kwong is PT Bayan Resources Tbk. (BYAN) with a Market Cap as of 31 December 2024 of IDR 675 trillion. In addition, Low Tuck Kwong also has shares in several companies such as PT Jaya Sumpiles Indonesia, Metis Energy and PT Voksel Electric.

4. Widjaja Family

In 2024, the Widjaja Family ranked the same as in 2023, although their wealth jumped 75% to $18.9 billion. Some of the companies they own are:

5. Anthoni Salim

In fifth place, the name Anthoni Salim is one of the names that entered the 10 richest people in Indonesia. The owner of the Salim Group has a wealth of $ 12.8 billion or an increase of $ 2.5 billion compared to the previous year. Some of the companies owned by Anthoni Salim are:

In addition, Anthoni Salim is also a minority shareholder in other Listed Companies such as PT Medco Energy Internasional Tbk. (MEDC), PT DCI Indonesia Tbk. (DCII), PT Bank Mega Tbk. (MEGA), PT Allo Bank Indonesia Tbk. (BBHI) and PT Elang Mahkota Teknologi Tbk. (MTEK).

6. Sri Prakash Lohia

Sri Prakash Lohia is an Indonesian businessman of Indian descent who owns a company called Indorama Corporation. Initially, Indorama Corporation was engaged in the manufacture of spun yarn. Over the years, Indorama Corporation expanded its business into the petrochemical sector by producing various products such as medical gloves, textile raw materials and fertilizers. Sri Prakash Lohia is the sixth richest person among the 10 richest people in Indonesia with a net worth of $8.7 billion. PT Indorama Synthetics Tbk. (INDR) itself has a Market Cap of IDR 1.8 trillion. Other than PT Indorama Synthetics Tbk., several companies owned by Sri Prakash Lohia are Indorama Holdings B.V., Indorama Corporation Pte. Ltd. (Singapore) and several other companies spread across various countries such as Sri Lanka and West Africa.

7. Agoes Projosasmito

Agoes Projosasmito is a new name that has entered the 10 richest people in Indonesia. Agoes Projosasmito, who is ranked seventh, is a President Commissioner at PT Amman Mineral Internasional Tbk. (AMMN) with an estimated net worth of $7 billion. He owns shares in the Company and has only been listed on the Indonesian Stock Exchange since July 2023. PT Amman Mineral Internasional Tbk. has a Market Cap of IDR 614 trillion as of 31 December 2024. In addition, Agoes Projosasmito also has other shares in several companies such as PT Medco Energi Internasional Tbk. (MEDC) and PT Bumi Resources Tbk. (BUMI).

8. Tahir Family

Tahir and his family are in eighth position among the 10 richest people in Indonesia for the period 2024. Tahir and his family are the owners and founders of Mayapada Group, a company engaged in banking, property and health. Some of the companies owned by Tahir and his family are:

In addition to the above companies, the Tahir Family owns several other companies operating in the fields of electronic media, print media, duty-free shops, insurance and financing, health, mining, and property.

9. Chairul Tanjung

Chairul Tanjung is an Indonesian businessman who is no longer a stranger to the Indonesian people. Chairul Tanjung ranks ninth out of the 10 richest people in Indonesia in 2024. One of Chairul Tanjung's companies that is already listed on the Stock Exchange is PT Bank Mega Tbk. (MEGA). In the 2024 period, PT Bank Mega Tbk. has a Market Cap of IDR 48 trillion or the 40th largest company. Another company that is already listed on the Indonesia Stock Exchange is PT Allo Bank Indonesia Tbk. (BBHI) which has a Market Cap of IDR 15.21 trillion.

In addition to PT Bank Mega Tbk. and PT Allo Bank Indonesia Tbk., there are several other companies that are subsidiaries of CT Corp as a holding. These companies are engaged in entertainment, food and beverages, media, retail and distributor, banking, insurance, property, finance as well as energy and agribusiness.

10. Dewi Kam

Dewi Kam is an Indonesian businesswoman who works in the coal mining and power generation sectors. He is a minority shareholder of 10 percent in PT Bayan Resources Tbk, one of the largest coal mining companies in Indonesia. Her wealth tripled in 2022 amid global energy crisis. In addition, he also manages PT Sumbergas Sakti Prima (SSP), which is involved in the Jeneponto PLTU project in South Sulawesi. According to Forbes list, Dewi Kam is the 10th richest person in Indonesia and the richest woman in Southeast Asia in 2024 with a wealth of US$4.8 billion.