Page 82 - Forbes - Asia (December 2019 - January 2020)

Indonesia’s 50 Richest

THE LIST WEALTH CREATION

35.
LIM HARIYANTO Jokowi’s Opportunity
WIJAYA SARWONO
$960 MILLION S
HARITA GROUP Indonesia’s president is
AGE: 91
betting that including
political rivals in his
36.
SABANA cabinet will help him
PRAWIRAWIDJAJA improve investment
$915 MILLION S and growth.
ULTRAJAYA
MILK INDUSTRY
AGE: 79 BY YUWA HEDRICK-WONG

37.
OSBERT LYMAN
$865 MILLION T
LYMAN GROUP PRESIDENT JOKO WIDODO,
AGE: 69 better known as Jokowi, was
sworn in for his second and
38. final term on October 20. His
KUSNAN & RUSDI new cabinet was unveiled a
KIRANA few days later. If Jokowi is
$835 MILLION S successful in pushing through
LION AIR
AGE: 60, 56 deep economic reforms in his
second term as promised, then
the way he shaped his cabinet
39.
HARJO SUTANTO will someday be seen as
$810 MILLION T inspired and bold. If he fails to
WINGS deliver on his reform promise,
AGE: 93 however, these same cabinet
appointments will be judged
40. in hindsight as a futile attempt
HASHIM to appease the opposition.
DJOJOHADIKUSUMO Jokowi has taken some
$800 MILLION T risks in forming his cabinet.
ARSARI GROUP
AGE: 65 He has retained veteran reform-oriented tent, where they pose a risk of creating dis-
technocrats like Finance Minister Sri Muly- sension that undermines Jokowi’s economic
ani Indrawati, Maritime Affairs and Natural reforms from within.
41.
EDDY KUSNADI Resources Minister Luhut Pandjaitan and The stakes are high. Indonesia’s economy
SARIAATMADJA Foreign Affairs Minister Retno Marsudi. has underperformed since the Asian financial
$780 MILLION T And he has appointed a successful Harvard crisis of 1997 and 1998 despite its youthful
EMTEK trained entrepreneur, Nadiem Makarim, to demographic and rich resources endowment.
AGE: 66 head up the education and culture portfo- From 2000 and 2018 Indonesia’s real GDP
lio. He also appointed many conservatives, growth averaged 5.3% annually, compared
42. including his bitter election rival and con- with 6.5% in Vietnam and 9.3% in China.
SUDHAMEK troversial former commander of the special To make a real dent in poverty and create
$745 MILLION T forces, Prabowo Subianto, as defense minis- enough meaningful jobs for its large popula- MUHAMMAD FADLI/BLOOMBERG
GARUDAFOOD
AGE: 63 ter. In so doing, Jokowi cleverly coopted key tion of new job entrants over the next decade,
political rivals, leaving no serious challengers Indonesia needs to grow annually at 7% or
in opposition. Now the challengers are in the more in real terms.

78 | FORBES ASIA DECEMBER 2019 / JANUARY 2020