The Wealth List (Series 2) - Indonesian Top 50 Richest

Taken from Forbes-compiled Indonesia 50 richest (as of Nov 2013), below details the 50 richest person in Indonesia (for exact URL refer - http://www.forbes.com/indonesia-billionaires/ )

1) R. Budi & Michael Hartono - Net worth $15billion/Banking, Tabacco

Brothers R. Budi and Michael Hartono are the richest in Indonesia for the fifth year in a row, despite not adding to their fortune in the past 12 months. Their biggest holding is in Bank Central Asia, Indonesia's largest private bank, with over 20,000 employees. Budi's youngest son, Armand has been a director since 2009. His other son Martin invests in Internet outfits. Brothers also own kretek maker Djarum and have a stake in telecom outfit Sarana Menara Nusantara.

2) Eka Tjipta Widjaja & family - Net worth $7billion/Palm oil, self made

Eka Tjipta Widjaja and family's Asia Pulp & Paper, long criticized for its role in deforestation, announced recently it would stop cutting down natural forests. Meanwhile, moneymaker Golden Agri-Resources, one of the world's largest palm oil plantation companies, has lost some of its value as commodity prices have weakened.

3) Anthoni Salim & family - Net worth $6.3billion/Diversified, self made

Anthoni Salim, head of Salim Group, a conglomerate with interests in food, telecom, retail, property and banking, had a busy year. In May, the group's Singapore arm Gallant Venture inked an $809 million deal to acquire a majority stake in automaker Indomobil Sukses Internasional a decade after it was forced to cede control. In ongoing overseas expansion, its Indofood Sukses Makmur, the world's largest instant-noodle producer, expanded into Brazil, picking up a 50% stake in a sugar producer. In June it consolidated the group's retail businesses in Indonesia in a backdoor listing through Internet provider Dyviacom Intrabumi, under listed outfit Indoritel Makmur Internasional. All the moves paid off as his fortune rose more than $1 billion. He was the year's biggest gainer and moves into the top three of Indonesia's richest for the first time. The anniversary of the death of his father, Liem Sioe Liong, was commemorated in July in Fuzhou, attended by prominent Chinese government officials.

4) Susilo Wonowidjojo & family - Net worth $5.3billion/Tabacco

The year's biggest loser, Susilo Wonowidjojo, lost $2.1 billion since 2012 and more than $5 billion in 2 years. Shares of his family's clove cigarette maker, Gudang Garam, dropped by a third in the past year as profits took a hit due to rising cost of cloves caused by a poor harvest. The company, which has one-fifth of country's cigarette market, was forced to hike its prices. He has a new entertainment outfit Graha Surya Media.

5)  Chairul Tanjung - Net worth $4billion/Diversified, self made

Media baron Chairul Tanjung's Trans Corp which operates two of Indonesia's top five TV stations, cemented its hold by acquiring 80% of state-owned pay TV company TelkomVison. His CT Corp also has interests in Bank Mega, Carrefour Indonesia and franchises of Mango, Versace. A trained dentist, Tanjung got his start making footwear and roof tiles.

6) Sri Prakash Lohia - Net worth $3.7billion/Polyester

Indian-born plastics king Sri Prakash Lohia chairs Indorama Ventures, among the world's biggest makers of polyethylene terephthalate (PET) resin used in plastic bottles. Indorama paid $270 million for a stake in Malaysian disposable glove maker YTY Industry. He invested $6 million to launch Politeknik Enjinering Indorama, a school in West Java. His son, Amit, runs the Indonesian and African businesses from Singapore, while his younger brother, Aloke, also a billionaire operates from Thailand. Lohia, who is Indian steel billionaire Lakshmi Mittal's brother-in-law, claims to have the world's second largest collection of colored lithographs.

7) Boenjamin Setiawan & family - Net worth $3billion/ Pharma, self made

Boenjamin Setiawan's Kalbe Farma, Indonesia's largest pharma company, is expanding into Myanmar and Vietnam. It also has started an oncology facility in Jakarta. "Dr. Boen," who owns a chain of private hospitals, believes stem cells are the future of medicine. He shares this fortune with 4 siblings.

8) Peter Sondakh - Net worth $2.7billion/ Investment, self made

Peter Sondakh, head of Rajawali Group, a conglomerate with interests in mining, plantations, hotels and transportation services, took his coal mining business public through the backdoor listing of Eatertainment International in 2010. Renamed as Golden Eagle Energy, its valuation has risen 18-fold since. He also has a 49% stake in Express, a taxi company listed in Indonesia. He's restructuring Archipelago Resources, owner of a gold mine in Sulawasi. Other assets include St. Regis Bali, toll road operator Nusantara Infrastructure.

9) Mochtar Riady & family - Net worth $2.5billion/ Diversified, self made

Lippo Group chairman Mochtar Riady returns to Forbes billionaires list after more than a decade on new information about his assets and better understanding of holdings. Unfazed by Indonesia's slowdown and weaker currency, Riady, through his two sons - Stephen, who heads operations in Singapore, and James, who's in charge of Indonesian businesses - pressed ahead with an ambitious expansion both at home and overseas. After losing a much-publicized battle to acquire control of Singapore firm Fraser & Neave to Thai billionaire Charoen Sirivadhanabhakdi Riady snatched the U.S. Bank Tower in Los Angeles, the tallest building in California, for $368 million last year. The deal was inked by Singapore-listed property arm Overseas Union Enterprise. Last July, OUE raised $476 million in an IPO of its hospitality trust, followed by the listing of a commercial REIT in January. Lippo is also expanding in healthcare, retail and is setting up a chain of cinemas. Riady started his career running a bicycle shop in East Java.

10) Sukanto Tanoto - Net worth $2.3billion/ Diversified, self made

Sukanto Tanoto's net worth has fallen by $700 million from a year ago mostly due to lower estimated profit margin at his forestry and paper company, Asia Pacific Resources International Limited (APRIL). His RGE Group also controls pulpmaker Sateri and palm oil producer Apical Group. His Asian Agri is contesting a demand of over $200 million in back taxes and fines.Tanoto launched the Tanoto Initiative last July, a program to promote ASEAN studies and research, in collaboration with faculty at the Wharton School of the University of Pennsylvania.

11) Putera Sampoerna & family/ Net worth $2.2billion, investment

Putera Sampoerna's Sampoerna Group celebrated its 100th anniversary this past year. It has moved well beyond its roots as a clove cigarette maker, a business that Putera sold in 2005 to Philip Morris. Now run by his son Michael, it has interests in plantations, telecom and banking; it recently partnered with Djoko Susanto's Alfa Group. Michael is a former professional poker player. Putera's daughter Michelle runs his foundation, which launched a new university in June.

12) Tahir/ Net Worth $2.1billion, Diversified, self made

Indonesian tycoon Tahir had to quit medical school in Taiwan because of his father's ill health. He went on to make a fortune in banking and real estate through his Mayapada Group, and recently opened luxury beachside hotel Regent Bali and a second Mayapada Hospital in Jakarta. Last April, The Bill & Melinda Gates Foundation announced plans to work with Tahir in Indonesia, its first major private donor partnership there. Tahir's foundation is putting up $100 million to focus initially on polio eradication, then TB, malaria, HIV/AIDS and family planning. Tahir who is co-owner of the licensee that publishes FORBES INDONESIA, recently became the first biliionaire from his country to sign the Giving Pledge. His wife Rosy is the daughter of billionaire Mochtar Riady.

13) Bachtiar Karim/ Net worth $2 billion, Manufacturing

Bachtiar Karim runs Musim Mas, an oleochemical producer and palm oil firm in Indonesia. The company also owns ships, tankers, a grain terminal and one of the world's largest palm oil refineries. His late father Anwar founded Nam Cheong Soap Factory in 1972; the company is still a leading maker of soaps and margarine. The family has funded an entrepreneur center at the University of North Sumatra in Medan. Karim is also a regular donor to the National University of Singapore, his alma mater.

14) Theodore Rachmat/ Net Worth $1.9 billion, Diversified

Theodore Rachmat's fortune is up thanks to his Triputra Group's holding in motorcycle dealer Daya Adicipta Mustika, plus a handful of other newly revealed private holdings in apparel, coal and plantations, which helped offset the ongoing drop in the value of shares in coal producer Adaro Energy, which sank more than 40% in the past 12 months. Rachmat took his palm oil producer, Dharma Satya Nusantara, public in June 2013. He started his career as a salesman for a heavy equipment maker. Fellow billionaire Edwin Soeryadjaya is his cousin.

15) Martua Sitorus/ $1.9 billion, Palm oil, self made  

Martua Sitorus, who traded fish as a teenager and went on to become the cofounder of Wilmar International, the world's largest producer of palm oil, stepped down as COO after 7 years last July to become executive chairman. He indicated that he will spend more time on his family business, which bought a stake in Australian coal company Whitehaven. Along with Singapore billionaire and Wilmar cofounder Kuok Khoon Hong he also owns London skyscraper Aviva Tower.

16) Murdaya Poo/ $1.8 billion, Diversified

It was a difficult year fro Murdaya Poo whose well-connected wife, Hartati, received a prison sentence last year for bribery to secure land concessions. Other executives of his company Hardaya Inti Plantations, including the president director, were also sentenced subsequently. Meanwhile, through his Central Cipta Murdaya, Poo, who got his start selling newspaper, continues to manage his diverse interests in timber, real estate, exhibition space, and plantations. He most recently entered the cellphone business, launching WIGO WiMAX.

17) Ciliandra Fangiono & family/ $1.7 billion, Palm oil

Cambridge-educated former investment banker, Ciliandra Fangiono, directs First Resources, one of the world's top palm oil producers; his brother Cik Sigih is deputy chief. In the first quarter of 2013 it added 3,700 hectares of new planting area, and plans to add up to 20,000 more by year-end. Ciliandra is the youngest tycoon among Indonesia's 50 Richest.

18) Achmad Hamami & family/ $1.5 billion, Heavy equipment, self made

Most of Achmad Hamami's fortune comes from Trakindo Utama, Caterpillar's Indonesia distributor. But he's increasingly moving into finance, with Chandra Sakti Utama Leasing, acquired from Standard Chartered, and recently bought HD Finance, which provides financing for leasing cars. He turned over the reins to his son Muki after he lost his sight to glaucoma in 1999. Hamami was a former Navy jet pilot and the youngest colonel in the Indonesian military. He got start as a private math tutor before getting a job with a state investment fund which brought him in touch with Caterpillar.

19) Kartini Muljadi & family/ $1.5billion, Pharma

The only woman among Indonesia's richest, Kartini Muljadi still practices law at her firm, Kartini Muljadi & Rekan. She and her family derive their fortune from shares in drugmaker Tempo Scan, run by her son Handojo, which celebrated its 60th anniversary this year. She likes to read religious and professional books.

20) Eddy Katuari & family/ $1.4billion, Consumer goods

Eddy Katuari runs 65-year-old Wings Group, whose range of household, personal care and food products competes with heavyweights such as Unilever and Anthoni Salim-owned Indofood. Its new snack-food venture, a 3-way partnership with Japan's Itochu and Calbee, is due to start operations next year. Eddy's other interests include chemicals, packaging, ceramics and real estate.

21) Low Tuck Kwong/ $1.4 billion, Coal, self made

Singapore-born Low Tuck Kwong's net worth is down $400 million in the past year, as shares of his coal miner Bayan Resources slid. His company, which gets 40% of sales from Japanese and Indian customers, is trying to adjust by lowering costs and improving efficiencies. In November, a Singapore court ruled in that Low was entitled to damages in a defamation case he had filed against a former friend who had claimed that Low had reneged on a business deal that had deprived him of half stake in Bayan. Low also owns a private zoo with 750 animals and a fish farm .

22) Hary Tanoesoedibjo/ $1.4 billion, Media

Media mogul Hary Tanoesoedibjo who owns the MNC Group, the country's biggest media company, was busy dealmaking this past year with Aburizal Bakrie, head of politically connected Bakrie clan. He paid $200 million for 5 Bakrie-owned toll-road concessions, plus $143 million for 2,500 acres from Bali Nirwana Resort. His $427 million offer to buy Bakrie's TV station, ANTV, is on hold. In February, The Indonesian Broadcasting Commission pulled two television shows from his broadcaster off the air for favoring the People's Conscience Party (Hanura) which has nominated Tanoesoedibjo as its vice presidential candidate for the upcoming presidential election in July.

23) Ciputra & family/ $1.3 billion, Real Estate

Indonesian real estate developer, Ciputra is a trained architect who founded his Ciputra Group more than three decades ago. Property baron plans to duplicate Singapore's Orchard Road in Jalan Satrio, one of the busiest roads in Jakarta. That is where his company has just opened a 123,000-square-meter complex of malls, offices and apartments. His Ciputra Entrepreneurship Foundation, offers English classes to migrant workers.

24) Edwin Soeryadjaya/ $1.2 billion, Coal, investment

US-educated Edwin Soeryadjaya took his Saratoga Investama Sedaya public in June, offering a 17% stake to the public. Saratoga has 44 affiliated companies, including coal company Adaro Energy and plantation outfit Provident Agro. Son of a former billionaire who founded automotive group Astra but eventually lost most of his wealth, Soeryadjaya has been working to restore the family fortune.

25) Djoko Susanto/ $1.2 billion, Retail, self made

Djoko Susanto's minimart chain, Alfamart, now has 7,714 outlets, up from 7,063 a year ago. The sixth of 10 siblings, he dropped out after one year of high school. At age 17 he began managing his parents' 170-square-foot food stall, then started peddling cigarettes and opening more stalls. His success attracted the attention of fellow billionaire Putera Sampoerna, who worked with Susanto to open more stalls and later, a discount supermarket chain. When Sampoerna sold his cigarette business to Philip Morris (now Altria), Djoko bought out the retail business and developed the minimart chain, which has a bee as its mascot.

26) Eka Tjandranegara/ $1.2 billion, Real Estate

Eka Tjandranegara returns to the ranks of Indonesia's richest as property values rose by as much as 30% in Indonesia this past year, benefiting his privately held property developer Mulia Land and his publicly traded Mulia Industrindo, maker of building materials. He has built iconic properties such as the 57-story Wisma Mulia office tower in Jakarta and the Taman Anggrek Mall & Condominium. Eka opened a new resort in Bali last year.

27) Harjo Sutanto/ $1.1 billion, Consumer goods

Harjo Sutanto cofounded Wings Group, as a maker of laundry soap that he sold door-to-door and built it into one of Indonesia's largest consumer goods companies. It also has the franchise for Japan's FamilyMart for a chain of convenience stores. Sutanto's children work at Wings.

28) Soegiarto Adikoesoemo/ $1 billion, Chemical

Soegiarto Adikoesoemo established AKR Corporindo 36 years ago in Surabaya as a chemical trading business. Now the group, a distributor of diesel and marine fuel oil to companies in mining and power generation, is run by his son, Haryanto.

29) Kusnan & Rusdi Kirana/ $1 billion, Aviation, self made

Siblings Kusnan and Rusdi Kirana cofounded Lion Air in 2000 with one plane. Now Indonesia's largest budget carrier, it is expanding. In March its Malindo Airways, a JV with Malaysia's National Aerospace & Defence Industries, started operations. Two months later its subsidiary, premium airline Batik Air, started operations. Its newest venture is Thai Lion, a low-cost airline in Thailand. The company recently took delivery of its 100th Boeing aircraft and placed a $24 billion order with Airbus for 234 planes earlier this year.

30) Garibaldi Thohir/ $960 million, Coal

Garibaldi Thohir, head of coal mining firm Adaro Energy, which he and 4 others purchased in 2005, falls out of the billionaire ranks for the first time since 2009, as coal prices drop. He listed Surya Esa Perkasa, the country's second-largest private liquefied petroleum gas refinery company, which he also heads, in February 2012. Through the family's Trinugraha Thohir, his brother Erick bought a stake in soccer club Inter Milan in September; he also has stakes in U.S. soccer team DC United and NBA's Philadelphia 76ers. His father was the highest ranking Indonesian in Union Carbide's country office before cofounding what became country's largest car dealer.

31) Sjamsul Nursalim/ $950 million, Tires

Sjamsul Nursalim's 2 biggest holdings, Mitra Adiperkasa, which has licenses to Burger King, Starbucks and Zara, and tiremaker Gajah Tunggal, both had lackluster years as their shares trended down. Nursalim also has stakes in Polychem Indonesia, KMI Wire and property outfit Tuan Sing Holdings.

32) Lim Hariyanto Wijaya Sarwono/ $940 million, Palm oil, self made

Lim Hariyanto Wijaya Sarwono took his palm oil plantation company, Bumitama Agri, public in Singapore in April 2012. The company, which has featured on Forbes Asia's list of 200 Best Under A Billion Companies, is planning to tap Malaysia's sukuk market, raising $152 million from a 5-year Islamic bond. He also has interests in a coal mine and a securities firm. Lim's father, a Chinese immigrant from Fujian Province, set up a small grocery shop in Indonesia nearly a century ago. Lim transformed the business by expanding into mining and timber. His plywood-product manufacturing firm, Tirta Mahakam, has been listed in Jakarta since 1999.

33) Kuncoro Wibowo & family/ $910 million, Tools

Kuncoro Wibowo runs Kawan Lama Group with the help of his 5 siblings. In December 2012, one of its companies, Home Center Indonesia (Informa), partnered with U.S. furniture manufacturer Ashley to open a store in Indonesia; partners now have 3 stores. The group has its own mall, in which its subsidiaries take up to 70% of the 140,000-square-meter building. Its best-known subsidiary is publicly traded hardware retailer Ace Hardware.

34) Husain Djojonegoro & family/ $875 million, Consumer goods

Husain Djojonegoro and his brother Pudjiono run Indonesia's biggest local battery producer Intercallin, with 60% of the market. Another brother Hamid oversees family's consumer products business, Orang Tua, known for such popular brands as You C1000, Vitacharm, and Formula toothbrush. A cousin is in charge of ABC Food. Husain's father started the business selling herbal wine.

35) Sudhamek/ $830 million, Consumer goods

Sudhamek is chairman of GarudaFood, his family's consumer goods business, known for its Kacang Garuda roasted peanuts and children's snack brand Gery. Through a joint venture with Japan's beverage giant Suntory, it opened a new factory to produce beverages. It launched new bottled tea branded Mirai at the end of last year.

36) Eddy Kusnadi Sariaatmadja/ $820 million, Media, Tech

Shares of Eddy Kusnadi Sariaatmadja's broadcaster Emtek are up nearly 40% this year. The firm completed the takeover of Indosiar in May, part of consolidation in the industry ahead of a shift from analog to digital broadcasting in the next few years. The upcoming national elections are expected to boost ad spending as well, benefiting TV stations. He used to have exclusive rights to distribute Compaq computers in 1980s.

37) Benny Subianto, $790 million, Coal, self made

While the value of Benny Subianto's holdings in his private Triputra Group and coal company Adaro Energy both fell 30% or more in the past year, Subianto had better luck with his rubber producer Kirana Megatara. His fortune was also buffered by the discovery of other assets.

38) Aksa Mahmud/ $780 million, Cement

Aksa Mahmud is the owner of the biggest cement company in East Indonesia, Semen Bosowa, which has 8 factories. He runs diversified a business with interests in infrastructure, automotive, property, energy and finance; he also has stakes in national bank Bukopin and Bank QNB Kesawan. His brother-in-law Jusuf Kalla is a former Indonesian vice president.

39) Jogi Hendra Atmadja/ $760 million, Consumer goods, self made

Jogi Hendra Atmadja is head of Mayora Group, Indonesia's largest food processor, making everything from coffee and cereal to candy and biscuits. It exports its brands to 54 countries. With his family, including brothers and cousins, Hendra makes his debut among Indonesia's richest thanks to a 50% jump in his company's shares in the past year. The family is third-generation Chinese immigrants who started making biscuits in 1970.

40) Santosa Handojo/ $750 million, Poultry

Handojo Santosa was briefly a billionaire earlier this year, but shares of his Japfa Comfeed, Indonesia's second-largest poultry feed producer, have fallen more than a third since their May peak. He is still worth enough for him to return to the ranks after a year absence. His company is also involved in aquaculture and beef cattle. He inherited the firm's predecessor, Ometraco, from his father. Handojo is based in Singapore and spends one month a year in Britain. He supports national chess players through Japfa Chess Club.

41) Prajogo Pangestu/ $745 million, Diversified

From a small start in timber in 1977, Prajogo Pangestu built his listed Barito Pacific into a petrochemicals conglomerate with interests in mining and energy. Amid rising prices of raw materials, mainly naphtha, it reported a $93 million loss last year. Petrochemicals arm Chandra Asri, 30% owned by Siam Cement, is spending $380 million in the next 2 years to expand its naphtha cracker unit. Prajogo's privately held Star Energy is investing $350 million to expand its Wayang Windu geothermal unit, in which Mitsubishi owns 20% stake.

42) Hashim Djojohadikusumo/ $700 million, Oil

After cashing out of his oil interests 6 years ago, Hashim Djojohadikusumo now controls Arsari Group, the name of which is coined from the syllables of his 3 children's names. Its interests include paper, palm oil, mining and logistics. In June the animal-loving tycoon was installed as head of the supervisory board of Jakarta's Ragunan Zoo with a mandate to revitalize and bring it on par with Singapore's. Older brother Prabowo Subianto is a presidential candidate for the 2014 general elections.

43) Kiki Barki/ $680 million, Coal, self made

Kiki Barki is no longer a billionaire as his fortune slid $400 million, as shares of his publicly listed coal producer Harum Energy stumbled 45% in the past year, even as it sold more tons of coal. The company says it has $470 million that it will use to acquire a coal mine somewhere in Kalimantan

44) Alexander Tedja/ $670 million, Real estate self made

King of Surabaya shopping, Alexander Tedja, operates 4 malls through his listed Pakuwon Jati company and is planning to open more. Tedja claims his malls, including the largest one in East Java, attract 20 million visitors a year. He also has a major waterfront development in Surabaya called Pakuwon City. His daughter Irene is married to Indonesian billionaire Murdaya Poo's son.

45) The Nin King/ $650 million, Real estate, self made

The son of an immigrant from Fujian Province in China, The Ning King started a textile factory in Salatiga (Central Java) in 1961, handling the entire textile production chain, from yarn to finished fabric clothing. He then set up Argo Pantes as the umbrella of his textile company. Today he runs his property business under Alam Sutera Realty. He also has a hospital in Jakarta and steel mills.

46) Winato Kartono/ $590 million

Winato Kartono is the former head of investment banking for Citigroup Global Markets in Indonesia. He founded Provident Capital Indonesia 9 years ago. He has invested alongside Saratoga Investema Sedaya in various projects such as Tower Bersama and recently listed Provident Agro.

47) Sandiaga Salahuddin Uno/ $460 million, Coal, self made

Sandiaga Salahuddin Uno is Indonesian billionaire Edwin Soeryadjaya's partner in newly listed Saratoga Investama Sedaya. Uno was recently questioned by the anticorruption agency KPK regarding alleged money laundering. A year earlier, the avid marathon runner was a torchbearer in Manchester for the London Olympics.

48) Trihatma Haliman/ US$450 million, Real estate

A trained architect, Trihatma Haliman runs property developer Agung Podomoro, which developed more than a third of all new apartments in Indonesia last year. He's currently investing $1 billion on another 13 projects. He keeps fit by swimming every day.

49) Arifin Panigoro/ $420 million, Oil

Arifin Panigoro is founder of Medco Group, with interests in finance, coal and plantations. His brother Hilmi runs its flagship Medco Energi International.

50) Sutjipto Nagaria/ $390 million

It is Sutjipto Nagaria's first time on the list since 2006. He earns the last spot among Indonesia's 50 Richest thanks to a nearly 100% jump in the value of his property developer Summarecon. Shares are up more than fivefold since 2008. He initially made a fortune turning swamp in North Jakarta into one of the city's top residential neighborhoods.