Indonesia’s 50 Richest 2020: In A Pandemic Year, More Than Half Saw Fortunes Decline
the pandemic, a project for lots, supplied a boost to 3. media magnate eddy kusnadi sariaatmadja saw his wealth, which he shares together with his family, jump nearly eighty% to $1.four billion—the biggest advantage in percentage phrases this 12 months. stocks of his company, elang mahkota teknologi (emtek), soared as those housebound used extra of its e-commerce and streaming services.
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emtek’s growing shares propelled cofounder susanto suwarto into the ranks for the primary time at no. 50 with $475 million. the jakarta-born electronics and telecom engineer is considered one of 3 freshmen to the list. siblings wijono and hermanto tanoko, who control privately held paint corporation avia avian, make their debut with $seven-hundred million. the 1/3 new face is that of veteran banker jerry ng. he obtained a stake closing yr in financial institution jago, then known as financial institution artos, which he plans to transform right into a digital financial institution.
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any other pandemic beneficiary changed into irwan hidayat, whose own family’s sido muncul is indonesia’s biggest maker of natural drug treatments. shares of the corporation rose on better income of its products, including famous bloodless remedy tolak angin, boosting his circle of relatives’s wealth forty one% to $1.fifty five billion.
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four from 2019 didn’t make it to this year’s list. outstanding among them are siblings kusnan and rusdi kirana, whose airline lion air suffered as air travel nosedived.
reporting by using megha bahree, shintya felicitas, pudji lestari, marella putri, anuradha raghunathan, elisa valenta and ardian wibisono.
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