Who are Indonesia's 5 wealthiest individuals?

1. Robert Budi & Michael Hartono, owners of Djarum Group

Michael Hartono at the Asiad 2018 in Jakarta, Indonesia, on August 21, 2018. Photo by Reuters

The wealth of Robert Budi Hartono, 82, and Michael Bambang Hartono, 84, traces its origins to their father's kretek cigarette manufacturer, Djarum.

Utilizing this foundation, they acquired the investment firm Bank Central Asia, which now stands as the primary source of their wealth, as reported by the South China Morning Post.

Additionally, they expanded into the e-commerce sector with their online mall, Blibli.

Together, the brothers boast a combined net worth of $48 billion.

2. Prajogo Pangestu, founder of Barito Pacific Group

Prajogo Pangestu, founder and president commissioner of Barito Pacific Group. Photo courtesy of the company

Prajogo Pangestu, 79, began his fortune with his timber business, Barito Pacific Timber, which was later rebranded Barito Pacific Group as he diversified into various sectors including petrochemicals, renewable energy, and coal mining.

Forbes estimates his net worth at $41.3 billion, according to Forbes.

3. Low Tuck Kwong, founder of Bayan Resources

Low Tuck Kwong, founder and president director of Bayan Resources. Photo courtesy of the company

Low Tuck Kwong, 75, possesses a more concentrated fortune compared to other billionaires on this roster, primarily centered around the energy sector.

Known as the "coal king," his wealth stems from his coal mining enterprise, Banyan Resource.

Additionally, he has made substantial investments in numerous energy firms spanning Asia and the globe.

With a net worth of $27.4 billion, Low stands as a prominent figure in the energy industry.

4. The Widjaja family

Eka Tjipta Widjaja, the founder of Sinar Mas. Photo courtesy of the company

The Widjaja family's wealth was built by Eka Tjipta Widjaja, the founder of Sinar Mas, one of Indonesia's largest conglomerates.

Following his passing in 2019 at the age of 97, his family assumed control of the Sinar Mas empire, which spans across numerous industries such as paper, real estate, financial services, healthcare, agribusiness, and telecommunications.

The collective net worth of this family is estimated to be $10.8 billion.

5. Anthoni Salim, CEO of Salim Group and Indofood, and family

Antho Salim, CEO of Salim Group and Indofood. Photo courtesy of the company

Anthoni Salim, 74, serves as the CEO of the renowned food manufacturer Indofood, celebrated for its iconic Indomie instant noodle brand.

Additionally, he holds the position of CEO within the Salim Group, Indonesia's largest conglomerate.

Salim Group boasts investments across diverse sectors such as food, retail, banking, telecommunications, and energy.

The billionaire, along with his family, commands a combined net worth of $10.3 billion.