The Top Ten Indonesia's Billionaires

1.  R. Budi Hartono (Age 70)

Inherited clove cigarette maker Djarum from their father but these days get bulk of their fortune from Bank Central Asia, country's largest private bank. He has palm oil interests; picked up 65,000 hectares of land in West Kalimantan in 2008. He own Grand Indonesia, a luxury shopping mall, office building and hotel complex in the center of Jakarta.Their Djarum, banned in the US since 2009 along with other clove cigarettes, has launched Dos Hermanos, a premium cigar blending Brazilian and Indonesian tobaccos.

Source: tobacco, banking

Residence: Kudus, Indonesia

Country of Citizenship: Indonesia

Marital Status: Married

Children: 3

Forbes Lists   #208 Forbes Billionaires

2.  Michael Hartono (Age 71)

With his brother Budi R Hartono, Together he also own Djarum, BankCentral Asia, Palm Oil, Grand Indonesia.

Source: tobacco, banking

Residence: Kudus, Indonesia

Country of Citizenship: Indonesia

Marital Status: Married

Children: 4

Forbes Lists  #208 Forbes Billionaires

3.  Low Tuck Kwong (Age 62)

Born in Singapore, worked for his father's construction company in his twenties. Moved to Indonesia in 1972. Hit jackpot with move into coal mining, buying his first mine in 1997, five years later he becomes an Indonesian citizen. In 2008, his coal mining stock prize outfit Bayan Resources has tripled since its listing in Indonesia. Company recently inked $270 million deal to acquire a controlling stake in an Australian miner. He Also has stakes in Singapore-listed Manhattan Resources and Singapore Health Partners. He has a zoo in Borneo with dozens of animals including gibbons, sun bears, peacocks and orangutans.

Source: coal, self-made

Residence: Indonesia, Indonesia

Country of Citizenship: Indonesia

Marital Status: Married

Children: 2

Forbes Lists  #304 Forbes Billionaires

4.  Martua Sitorus (Age 51)

Former economics student traded shrimp as a teenager, then switched to palm oil. Bought his first plantation in 1994. Later cofounded agribusiness Wilmar International, one of world's largest palm oil producers as Chief operating officer which Increased export tax and price controls in China caused 2010 net profit to drop 30%. Continued expansion, buying Sucrogen, Australia's largest sugar firm.with nephew of Malaysia's richest man, Robert Kuok. Merged Wilmar with the senior Kuok's plantation and agribusiness group in 2007. He still holds 10% of company's shares.

Source: palm oil, self-made

Residence: Singapore, Singapore

Country of Citizenship: Indonesia

Marital Status: Married

Children: 4

Forbes Lists  #420 Forbes Billionaires

5.  Peter Sondakh (Age 59)

The owner of Rajawali Corporation. sold stake in cementmaker Semen Gresik for $1.1 billion year 2011; had previously cashed out stakes in tobacco firm Bentoel International and cellphone firm Excelcomindo Pratama. Used some of the cash to acquire 46 percent of PT Nusantara Infrastructure, toll road operator, in November. Rumored to be planning backdoor listing of plantation business through newly acquired Eatertainment International. Said to be looking for coal, gold investments. Also has investments in hotels; picked up Surfers Paradise in Queensland last year. His Rajawali Foundation at Harvard University put out major study recommending reforms for Indonesian economy.

Source: investments, self-made

Residence: Surabaya, Indonesia

Country of Citizenship: Indonesia

Marital Status: Married

Children: 3

Forbes Lists  #488 Forbes Billionaires

6.  Sri Prakash Lohia (Age 58)

Native Indian now Indonesian citizen, is one of three brothers whose fortune spans India, Thailand and Indonesia through numerous public and private companies involved in textiles, plastics .Controls Indorama Synthetics, Indonesia's largest polyester manufacturer. Chairman of Indorama Ventures, which brother Aloke, also a billionaire, runs from his base in Thailand. Brother Om Prakash, who lives in New Delhi, has his own polyester fibers and yarns business in India. Resident of Singapore, also has home in London, where his wife's brother, steel billionaire Lakshmi Mittal, lives.

Source: polyester

Residence: London

Country of Citizenship: Indonesia

Hometown: India

Marital Status: Married

Children: 2

Forbes Lists  #564 Forbes Billionaires

7.  Kiki Barki (Age 71)

Coal industry veteran makes debut, thanks to public offering of his Harum Energy in October. Retains majority stake of firm run by son Lawrence who is president commissioner. Big supporter of increased China-Indonesia trade, visits China often. Also has stake in listed Australian miner Cockatoo Coal. 

Source: coal, self-made

Country of Citizenship: Indonesia

Marital Status: Married

Forbes Lists  #595 Forbes Billionaires

8.  Sukanto Tanoto (Age 61)

His conglomerate RGE (Royal Golden Eagle) has $10 billion in assets; owns papermaker April and palm oil firm Asian Agri. Has operations in China, Brazil. Member of the Asia executive advisory board of Wharton and member of the Insead International Council. One of his subsidiaries, Sateri International, kicked off trading at Hongkong Stock Exchange in December last year. Eldest of 7 boys dropped out of school at age 17 to help support his family. Says he taught himself English by translating Readers' Digest, Life and Newsweek.

Source: diversified, self-made

Residence: Singapore, Singapore

Country of Citizenship: Indonesia

Marital Status: Married

Children: 4

Forbes Lists  #651 Forbes Billionaires

9.  Edwin Soeryadjaya (Age 62)

US-educated son of a former billionaire who founded automotive group Astra but eventually lost control and much of his wealth. He began working to restore family's fortune, setting up investment firm Saratoga Investama Sedaya in 1998. Today, through his private equity firm Saratoga Capital, holds big chunk in coal miner Adaro Energy, where he's one of 5 cofounders. He took his firm's cell tower company Tower with Infrastructure public in October.

Source: coal

Country of Citizenship: Indonesia

Marital Status: Married

Children: 3

Forbes Lists  #782 Forbes Billionaires

10. Garibaldi Thohir (Age 45)

Named for the famous Italian war hero, the newly minted billionaire joins the list thanks to a 30% boost in the stock of his Adaro mining empire. He started out in coal mining in 1992 and later founded PT Wom Finance, now one of Indonesia's largest publicly listed finance groups. His Adaro Energy is the country's second largest thermal coal producer and operates the largest single coal mine, producing "envirocoal" with low carbon and sulfur content.

Source: coal

Country of Citizenship: Indonesia

Marital Status: Married

Children: 3

Forbes Lists  #833 Forbes Billionaires

Source by Forbes Magazine 2011