In 2011, GlobeAsia—now rebranded as the Jakarta Globe—released its definitive ranking of the 150 richest Indonesians, capturing the dynamic shifts in the nation’s economic landscape. From entrepreneurs who began with humble roots to magnates leading sprawling conglomerates, the list highlights visionaries who have shaped modern Indonesia.

Here, we spotlight the top 50 names, starting with the most influential leaders who continue to leave their mark on the country’s business world.

1. Eka Tjipta Widjaja – $12 Billion

Founder of the Sinar Mas Group, Eka Tjipta Widjaja built one of Indonesia’s largest business empires, spanning plantations, pulp and paper, mining, property, and banking. From modest beginnings, his perseverance turned Sinar Mas into one of the nation’s most powerful conglomerates, cementing his legacy as the patriarch of one of Indonesia’s most influential dynasties.

2. Budi Hartono & Michael Hartono – $11.5 Billion

The Hartono brothers transformed their cigarette brand, Djarum, into an empire and became key stakeholders in Bank Central Asia (BCA). Their smart investments in electronics and banking solidified their position as leading figures in Indonesia’s business scene.

3. Anthony Salim – $8 Billion

At the helm of the Salim Group and First Pacific, Anthony Salim manages businesses ranging from food and plantations to telecommunications and infrastructure. His forward-looking strategies ensure that the Salim family remains a dominant force in Indonesia’s corporate sector.

4. Martua Sitorus – $4 Billion

Co-founder of Wilmar International, Martua Sitorus rose to prominence as a major player in global agribusiness. His sharp eye for opportunities in plantations and commodities earned him recognition as one of Southeast Asia’s most successful entrepreneurs.

5. Aburizal Bakrie – $3.8 Billion

Leading the Bakrie Group, Aburizal Bakrie commands businesses in coal, plantations, infrastructure, and property. As both a businessman and politician, his influence extends beyond the corporate sector, shaping national policy and development.

6. Dato Low Tuck Kwong – $3.7 Billion

Founder of Bayan Resources, Dato Low Tuck Kwong is a titan in Indonesia’s coal mining industry. His expertise and bold investments made Bayan one of the country’s most important energy companies.

7. Putra Sampoerna – $2.5 Billion

Best known for managing Sampoerna Strategic, Putra Sampoerna steered the family’s wealth into plantations and online ventures. Building on the family’s legacy in tobacco, his investments continue to influence Indonesia’s diverse business ecosystem.

8. Sukanto Tanoto – $2 Billion

At the helm of Royal Golden Eagle (RGE), Sukanto Tanoto oversees operations in pulp, paper, plantations, and energy. His focus on sustainable practices gained him recognition both at home and on the international stage.

9. Peter Sondakh – $1.9 Billion

Through his Rajawali Group, Peter Sondakh has investments across mining, hospitality, and various other sectors. Known for spotting growth opportunities, he remains a prominent figure in Indonesia’s investment landscape.

10. Susilo Wonowidjojo – $1.9 Billion

As the leader of Gudang Garam, Susilo Wonowidjojo expanded the business into one of the largest cigarette manufacturers in Indonesia, ensuring its steady growth and dominance in the tobacco market.

The Next Generation of Business Titans

From Samin Tan with his mining ventures to Chairul Tanjung’s diverse CT Corporation, these individuals reflect the entrepreneurial spirit driving Indonesia’s economy. Their investments span coal, plantations, media, pharmaceuticals, property, finance, and consumer goods—underscoring Indonesia’s position as a hub of opportunity in Southeast Asia.

Notable figures include:

• Theodore P. Rachmat (Triputra Group, Adaro) – coal and plantations.

• Mochtar Riady (Lippo Group) – banking, retail, healthcare, and property.

• Boenjamin Setiawan (Kalbe Farma) – pharmaceuticals.

• Rusdi Kirana (Lion Group) – aviation.

• Sandiaga Uno (Saratoga, Recapital) – private equity and investments.

Why This List Matters

The 2011 Rich List not only highlights personal fortunes but also reflects broader economic trends—Indonesia’s growing reliance on natural resources, the rise of consumer goods, and the expansion of banking and telecommunications. These business leaders have not only accumulated wealth but have also influenced infrastructure, job creation, and even government policies.

Conclusion

The Top 50 Wealthiest Indonesians of 2011, as published by GlobeAsia (now Jakarta Globe), represent a powerful mix of visionaries, risk-takers, and nation-builders. Their empires span across industries, and their decisions continue to shape Indonesia’s economy. While fortunes may rise and fall, their legacies remain an integral part of the country’s business history.