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Jakarta Post

Big drop for Bakrie on ‘Forbes’ rich list

  • The Jakarta Post

Jakarta   /   Fri, November 25 2011   /  08:30 am

Forbes magazine welcomed five newcomers to its latest list of Indonesia’s richest people as Aburizal Bakrie slipped from the top 10 to 30th rank.

The newcomers included Achmad Hamami, the owner of local Caterpillar distributor Tiara Marga Trakindo, who made his bow in 10th place with a net worth of US$2.2 billion.

Also making the list for the first time was Djoko Susanto ( 25th ), whose $1.04 billion fortune was made from PT Sumber Alfaria Trijaya, the retail giant operating 5,500 stories under the Alfamart, Alfamidi and Lawson brands.

In 28th place with $940 million was newcomer Samin Tan, the owner of coal mining company Borneo Lumbung Energi, which bailed out the debt-troubled Bakrie Group by purchasing its 23.8 percent stake in London-listed Bumi Plc.

The fourth newcomer was Kuncoro Wibowo in 34th place with $730 million. Kuncoro owns PT Ace Hardware In...