Page 79 - Forbes - Asia (December 2019 - January 2020)

and telecom. In 2005, the group reentered 18.
banking by acquiring Bank Shinta and re- LINDA’S LATITUDE THEODORE RACHMAT
naming it Bank Sinarmas. Linda Wijaya, eldest daughter of Teguh Gan- $1.55 BILLION T
Sinar Mas remains innovative. In 2012, da Widjaja, in 2018 set up Latitude Venture ADARO ENERGY
Partners, a VC firm that already reportedly AGE: 76
Sinar Mas became one of the first family-run
manages up to $200 million. It has invest-
groups to invest in digital startups, starting a ments in companies focusing in the health-
partnership with East Ventures, one of Indo- tech and fintech sectors. Latitude invests 19.
nesia’s first VC firms. In 2018, the group’s own between $1 million to $10 million in early HUSAIN
stage startups. Wijaya also serves as group DJOJONEGORO
VC arm, Sinar Mas Digital Ventures (SMDV),
managing director of APP. $1.53 BILLION S
teamed up with East and Yahoo Japan Capital ORANG TUA GROUP
to create EV Growth to invest in existing AGE: 70
startups looking for new capital to expand. Resources. He also manages the telecom and
Widjaja had two wives: Trini Dewi Lasuki tech businesses. Contacted by Forbes Asia, 20.
and Mellie Pirieh Widjaja. Much of Sinar Sinar Mas said none of the children was DJOKO SUSANTO
Mas is today run by four of his sons by his available for comment. $1.5 BILLION S
first wife, and by their own children. Teguh Some of Widjaja’s children have also ALFAMART
Ganda Wijaya, Eka’s firstborn, manages APP. built their own businesses. Oei Hong Leong AGE: 69
Indra Widjaja oversees the group’s invest- is a Singapore-based billionaire, with a net
ments in financial services and mining. worth estimated at $1.4 billion. Frankle 21.
Indra’s firstborn, Fuganto Widjaja, is CEO Djafar Widjaja manages Singapore-listed ALEXANDER TEDJA
$1.45 BILLION T
of Golden Energy Mines. Muktar Widjaja investment company Bund Center Invest- PAKUWON JATI
handles the property businesses. And Franky ment and Sukmawati Widjaja runs another AGE: 74
Oesman Widjaja controls Sinar Mas’ agricul- Singapore property company, Top Global.
tural and food business under Golden Agri- —Ardian Wibisono & Ulisari Eslita 22.
SUKANTO TANOTO
$1.4 BILLION S
ROYAL GOLDEN EAGLE
AGE: 69

23.
CILIANDRA FANGIONO
$1.37 BILLION S
TEGUH GANDA INDRA MUKTAR FRANKY OESMAN FIRST RESOURCES
AGE: 43
WIJAYA WIDJAJA WIDJAJA WIDJAJA

24.
77 67 65 62
HUSODO
ANGKOSUBROTO
President commissioner, President CEO and Chairman, Golden $1.35 BILLION S
Pindo Deli Pulp and commissioner, executive director, Agri-Resources GUNUNG SEWU GROUP
Paper Mills Sinar Mas Multiartha Sinarmas Land
AGE: 64
• Eric Kang Oei (son), • Fuganto Widjaja • Marcellyna Junita • Emmeline Widjaja
CEO and chairman, (son), CEO, Golden Widjaja (daughter) (daughter), legal 25.
China Renewable Energy Mines • Margaretha Natalia counsel, GAR CIPUTRA FAMILY
Energy Investment • Howen Widjaja Widjaja (daughter), • Jesslyne Widjaja $1.3 BILLION Ì
• Indah Suryasari Wijaya (son), CEO, Asuransi executive director, (daughter), CIPUTRA GROUP
(daughter), Vice CEO, Sinarmas Sinarmas Land director, GAR
Lontar Papyrus • Ivena Widjaja • Michael Jackson
• Linda Suryasari Wijaya (daughter) Purwanto Widjaja 26.
(daughter), group commissioner, Sinar (son), CEO, EDDY KATUARI
managing director, APP Mas Multifinance Sinarmas Land $1.25 BILLION T
• Jackson Wijaya WINGS
(son), owner, Paper AGE: 68
Excellence, Netherlands INVOLVED IN SINAR MAS GROUP
• Wikawi Oei (son) RUNS A BUSINESS SEPARATE FROM SINAR MAS
SUP TDOWN WXFLAT
ÌNEW TO LIST 3RETURNEE

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