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Jakarta Post

Five Indonesians on 'Forbes' rich list

  • Agustina Wayansari

    The Jakarta Post

Jakarta   /   Sat, March 8 2008   /  12:41 am

Five Indonesian businessmen, including pulp and paper tycoon Sukanto Tanoto, are among the 1,125 wealthiest people in the world, according to Forbes magazine. The 58-year-old Sukanto Tanoto, owner of the Raja Garuda Mas (RGM) group, was ranked 284th on the list with estimated assets of some US$3.8 billion, the magazine reported in its Wednesday issue. RGM and its subsidiaries operate in a range of industries, including pulp and paper, palm oil plantations and construction. RGM subsidiary Asian Agri is currently being probed by the tax office for alleged tax evasion. Also on the Forbes list are the owners of tobacco company PT Djarum, Michael Hartono and Budi Hartono. Their fortunes were estimated at $2 billion each. Other Indonesians to make the list were palm oil producer Wilmar International Holding owner Martua Sitorus at 652nd with $1.9 billion, and Peter So...