TheJakartaPost
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Indonesia coal tycoon Low Tuck Kwong has emerged as the country’s richest individual, coinciding with a boom in his business amid the surge of commodity prices, partly due to geopolitical conflict, energy crisis and supply disruption in many parts of the globe.
According to a survey of more than 3,200 high-net-worth families conducted by Williams Group Wealth Consultancy, around 70 percent of wealthy families lose their fortune by the second generation, and 90 percent by the third.
