In fourth place there is Theodore P Rachmat. The graduate of Bandung Institute of Technology (ITB)’s Mechanical Engineering Department has a net worth of around US$3.3 billion (Rp48.18 trillion). He helms the Triputra Group which also has several subsidiaries in various sectors, ranging from agribusiness, coal, trading, manufacturing, agriculture, to motorcycle dealers and logistics.
In fifth place are Wijono and Hermanto Tanoko. Both have a combined net worth of US$ 3.1 billion (Rp45.26 trillion) from Tancorp Abadi Nusantara, where both of them also serve as Group CEOs.
According to the company’s website, Tancorp Abadi Nusantara oversees eight companies ranging from manufacturing, distribution, property, hospitality, food and beverage, health and beauty, network businesses, as well as cafes and restaurants.
Ranked sixth is Martua Sitorus. The graduate of HKBP Nommensen University’s Faculty of Economics is the owner of the Wilmar Group, which is engaged in the production of palm oil. He has a net worth of US$2.7 billion (Rp39.41 trillion). (rr)