3 New Names on Forbes Indonesia’s 50 Richest List

TEMPO.CO, JakartaForbes has released its latest list of “Indonesia’s 50 Richest,” but from the plethora of familiar faces that often made the list, three new names have emerged on Forbes’ list of the most wealthiest in Indonesia.

  1. Wijono & Hermanto Tanoko (#39)

Siblings Hermanto and Wijono Tanoko, whom Forbes said are worth $700 million, control Avia Avian, a major player in Indonesia’s domestic paint industry.

From left to right: Director Avian Brands Robert Christian Tanoko, President Commisaries Avian Brands Hermanto Tanoko, President Director Avian Brands Wijono Tanoko, and Vice President Director Avian Brands Ruslan Tanoko, during officiating new Head Office Avian Brands in Surabaya in Nov 2018.

Avi Avian was founded by their father, Soetikno Tanoko, in 1978. Under Hermanto’s hands the family businesses expanded to FMCG, property, and retail. Forbes reports that Wijono is an avid art collector and has one of the world’s finest collection of works by renowned Chinese artist Wu Guanzhong.

  1. Jerry Ng (#44)

The second new face that has landed on Indonesia’s 50 richest list is Jerry Ng with a net worth of $600 million. The veteran banker of three decades worth of experience amasses his wealth from a stake in Bank Jago, previously named Bank Artos, Forbes reports.

PT Bank Jago Tbk, Jerry Ng. (Foto: Ist)

Bank Jago is transforming itself into a digital bank and is looking to work with small and medium fintech enterprises. Jerry Ng has previously held top positions at Bank Danamon Indonesia and Bank Central Asia. Until February 2019, Ng was the president director of Bank BTPN.

  1. Susanto Suwarto (#50)

Susanto Suwarto, who has an estimated net worth of $475 million, cofounded Elang Mahkota Teknologi (Emtek), which was established in 1983 as a provider of PC services and computer equipment and currently has expanded to businesses that include IT solutions, media and telecom. 

Suwarto Susanto

According to Forbes, Suwarto Susanto has a degree in electronics and telecom engineering. He gets his wealth from a minority stake in Emtek.


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