Page 80 - Forbes - Asia (December 2019 - January 2020)

Indonesia’s 50 Richest

THE LIST IRWAN HIDAYAT:
HEALTHY SUCCESS

27.
WINARKO SULISTYO Irwan Hidayat jumped ten spots to No. 30, with
$1.2 BILLION Ì a total estimated net worth of $1.1 billion, thanks
FAJAR SURYA WISESA to rising shares of his company, Industri Jamu
dan Farmasi Sido Muncul. Its shares have risen
AGE: 73
by about half over the past year as the herbal
products maker saw healthy growth in its margins
28. and profits.
LOW TUCK KWONG Irwan in 1972 joined the company his grand-
$1.17 BILLION T mother Rakhmat Sulistio started in Semarang 79
BAYAN RESOURCES years ago, moving it from her home to a 600sqm
AGE: 71 factory there. In 1997, Irwan invested 30 billion
rupiah ($12 million at the time) to expand.
Irwan took the company public in 2013 on the
29. Indonesia Stock Exchange, selling 10% of its shares
MURDAYA POO for 870 billion rupiah. The family still owns 81%.
$1.15 BILLION T Sido Muncul now dominates Indonesia’s market for
CENTRAL CIPTA herbal supplements. Its products are also available
MURDAYA throughout Africa, Australia, Hong Kong, South-
AGE: 78 east Asia and the U.S. —Ulisari Eslita

30.
IRWAN HIDAYAT
$1.1 BILLION S
SIDO MUNCUL DONALD SIHOMBING: Sihombing driving his grey Ferrari FF
AGE: 72 BUILT FOR SPEED in Ferrari Trans Java Tour 2019

31. Donald Sihombing, 63, runs construction company
KARDJA RAHARDJO Totalindo Eka Persada, which has built every-
$1.02 BILLION S thing from subsidized housing to swanky
PELAYARAN TAMARIN properties such as the Four Seasons
SAMUDRA Hotel Jakarta. A newcomer to the
country’s 50 richest, Sihombing
AGE: 58
boasts a net worth of $970 million,
thanks largely to his 64% ownership
32. in Totalindo, whose stock has soared
HARY since going public in 2017 on opti-
TANOESOEDIBJO mism that demand for its new hous-
$1 BILLION S ing projects will remain strong.
MNC LAND Beyond the boardroom,
AGE: 54 Sihombing is known for his capable of speeds in excess
passion for fast cars. He is of 300km/h, Sihombing was
active in Jakarta’s supercar said to have played it safe
33. community, participat- and stayed at the back of the
SJAMSUL NURSALIM ing in various events, convoy for most of the tour.
$990 MILLION S including the recent Apart from the Ferrari
MITRA ADIPERKASA Ferrari Trans Java Tour FF, Sihombing reportedly AHMAD ZAMRONI/HKV/FORBES INDONESIA; COURTESY OF TOTALINDO; COURTESY OF FERRARI JAKARTA
AGE: 77 2019, which marked the owns a Ferrari F12 Ber-
longest tour ever held linetta worth roughly
by the Ferrari Owners’ $640,000 and a Ferrari
34. Club Indonesia—800 458 Spider that would sell
DONALD SIHOMBING kilometers from Jakarta for an estimated $426,000
$970 MILLION Ì to Surabaya along the if he put it on the market
TOTALINDO new Trans-Java Toll today. Sihombing also owns
EKA PERSADA Road. Sihombing a McLaren and is an active
AGE: 63 drove his grey Ferrari member of the McLaren
FF, a four-seater with Club Indonesia, which last
a V12 engine, worth an year saw him take part in a
SUP TDOWN WXFLAT estimated $355,000. tour of Malaysia and Singa-
ÌNEW TO LIST 3RETURNEE
While the Ferrari FF is pore. —Yessar Rosendar

76 | FORBES ASIA DECEMBER 2019 / JANUARY 2020