51. Sabana Prawirawidjaja & family. $940 million. Food & Beverage. Robert Budi Hartono is the owner of Djarum, a well-known Indonesian cigarette company that he inherited from his father, Oei Wie Gwan. Together with his brother Michael, who is the fourth richest person in Indonesia, Robert started exporting tobacco products in 1972.
And with a combined total wealth of over $70 billion, these 20 individuals and families account for just under 10% of Indonesia's GDP. So here are Indonesia's 20 Most wealthy individuals and families according to Forbes… 20) Ciliandra Fangiono & family. NET WORTH = $1.4 Billion
At the end of 2023, the MINING TOP 50* ranking of the world's most valuable miners reached a combined $1.42 trillion, up a healthy, if far from spectacular $48.7 billion over the course of 2023.
Some of the cities in Indonesia become the richest as they have the highest income per capita each year. At the end of 2020, the Central Bureau of Statistics (Badan Pusat Statistik) released a list of Indonesian regions with the highest per capita income throughout 2019. ... Teluk Bintuni has the greatest potential in the mining sector. This ...
As of November 14, 2023, Prajogo Pangestu was the wealthiest person in Indonesia, with an estimated net worth of 37.7 billion U.S. dollars, followed by Low Tuck Kwong (No. 2, $26.6 billion), R. Budi Hartono (No. 3, $24.6 billion); and Michael Hartono (No. 4, $23.5 billion). Sri Prakash Lohia is the fifth-richest person in Indonesia, with a ...
Grasberg: Mining the richest and most remote deposit of copper and gold in the world, in the mountains of Irian Jaya, Indonesia. George A. Mealey. ... and negotiating the first foreign contract with Indonesia's Suharto government, the company shipped its first Ersberg copper in 1972. Fifteen years later, just a few kilometers from the original ...
Indonesian President Joko Widodo has spearheaded the country's push to build battery and EV industries on the back of the country's rich mineral resources. It already produces about half of ...
Closely watched projects outside the top 10 include Turquoise Hill's Oyu Tolgoi open pit mine and underground expansion in Mongolia which ranks 11th with resources of 42.4moz, Newcrest and ...
Rounding out the top five on the list is Anthoni Salim of the Salim Group, whose net worth jumped by $2.8 billion to $10.3 billion, thanks largely to his valuable …
The key natural resources of the country include silver, coal, fertile soil, natural gas, petroleum, gold, bauxite, tin, copper, timber, and nickel. Indonesia is a globally leading exporter of tin and thermal coal. The mining industry in the country makes up 11.9% of its GDP. In 2010, foreign investment in the mining sector exceeded $2.2 billion.
This story is part of Forbes' coverage of Indonesia's Richest 2023. See the full list here. Indonesia's ambition to become a major player in the global supply chain for electric vehicles ...
Despite these downdrafts, the collective wealth of Indonesia's super wealthy was down only 1.2% from last year's list to $133 billion. R. Budi and Michael Hartono, who were among the minority ...
The first documented mining activity was the reopening of the ancient silver-rich Salida gold mine in West Sumatra in 1669 by the VOC (Vereenigde Oost-Indische Compagnie), a Dutch trading company that for two centuries monopolized trade between Europe and Asia.
#3 Low Tuck Kwong on the 2023 Indonesia's 50 Richest - Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal
1) PT Bumi Resources. 2) Sinar Mas Mining Group. 3) PT Adaro Energy. 4) PT Indika Energy. 5) PT Bayan Resources. 6) PT Vale Indonesia. 7) PT Freeport …
The share surge helped the 74-year-old Low, who owns a majority stake of Bayan, jump to No. 2 on Indonesia's 50 Richest list, from 18th, with wealth shooting up 4.7 times to $12.1 billion.
Key Takeaways. Historical Significance: Mining in Indonesia has a rich history, evolving over centuries from small-scale traditional activities to modern industrial …
Forbes' Real-Time Billionaires rankings tracks the daily ups and downs of the world's richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each ...
Also Read: The Philippines Rich Untapped Gold Mining Areas . Other important gold mines in Indonesia . Another mine that is one of the largest in Indonesia is Martabe mine. It is situated in Indonesia's west in Sumatra. As of 2013, Martabe mine has total reserves of about 3 million gold oz and about 31.9 million silver oz.
Indonesia is rich in coal resources, has good coal quality ind ex, is easy to opencast mining, and has a good coal export location, which can be the first choice for coal resource development in ...
Grasberg has produced 528 billion ounces of copper and 53Moz of gold during the period between 1990 and 2019. The mine is jointly owned by Freeport McMoran (48.8%) and Inalum (51.2%). Credit: Arttoday via Shutterstock. The Grasberg mine contains the single largest known gold reserve and the second largest copper reserves in the world.
The major production area of tin in Indonesia, Kepulauan Bangka Belitung Province (Fig. 1), holds 99% of national tin resources (Ministry of ESDM, 2016).During the first five years of implementing the decentralisation policy of 2001, there were 75 mining concessions, 37 tin smelters, and 6507 artisanal tin mining units that together drove a …
Metals & Mining. 10. Dewi Kam. $4.45 B. Energy. Mining tycoon Low Tuck Kwong, whose wealth is primarily derived from the lucrative mining sector, witnessed an impressive surge in his fortune, more ...
But a raft of new listings, notably of energy and mining firms, resulted in a bonanza that boosted collective wealth to a record $252 billion, up 40% from $180 billion last year. As …
SINGAPORE (December 7, 2023) – Despite slowing exports and a dip in the benchmark stock index, the collective net worth of tycoons on the 2023 Forbes list of Indonesia's 50 Richest rose 40% to ...
Deep dive into our mining intelligence. Indonesia continues to be a major player in the global mining scene with significant mineral production. Developing the …
The factory was built by a company called PT Dragon Virtue Nickel Industry, a subsidiary of a Chinese mining giant, Jiangsu Delong Nickel. Indonesia had recently banned exports of raw nickel to ...
The Indonesian government has acquired a majority stake in the operator of the Grasberg mine, one of the world's biggest copper and gold mines. The $3.85 billion deal has been lauded as a move ...
Indonesia continues to be one of the world's leading producers in terms of mining output. This is in part due to the Grasberg mine, which has the world's largest gold deposits and second-largest copper deposits. Indonesia is also the second-largest producer of tin, behind China, and was the second-biggest coal exporter in 2018, after Australia.
Lisa Brown Stats Gate April 9, 2023. As of April 9, 2023, Low Tuck Kwong was the wealthiest person in Indonesia, with an estimated net worth of 30.3 billion U.S. dollars, followed by R.Budi Hartono (No. 2, $25.7 billion), Michael Hartono (No. 3, $24.6 billion); and Sri Prakash Lohia (No. 4, $7.4 billion). Prajogo Pangestu is the fifth-richest ...
Production of selected mineral products in Indonesia 2021. Published by Statista Research Department, May 2, 2023. In 2021, approximately 69 million metric tons of nickel had been produced in ...
Indonesia's has approved the mining production quota requests from more than 120 mineral companies and aims to complete the approval process this month, a senior official at the Energy and Mineral ...
10. South Sumatera. The tenth richest province in Indonesia is South Sumatra Province. In 2019, South Sumatra had a regional budget of IDR 9,27 trillion. In 2020, the budget was still the same. In 2021, the South Sumatra regional budget rose to IDR 10,2 trillion. According to data from the South Sumatra Central Statistical Data Body (BPS), the ...
Indonesia contributes 9% to the global nickel supply, with a projected annual growth of 7.5% in the next five years. This translates to a potential market value of over $100 billion by 2027, attracting major players like Tesla and LG Energy Solution to invest in Indonesian nickel projects. Gold production in Indonesia reached 188 tons in 2022 ...