Wealth Of Indonesia’s 50 Richest On Forbes List Rises 40% To Record US$252 Billion

SINGAPORE (December 7, 2023) – Despite slowing exports and a dip in the benchmark stock index, the collective net worth of tycoons on the 2023 Forbes list of Indonesia’s 50 Richest rose 40% to a record US$252 billion, up from $180 billion a year ago. The complete list is available here as well as in the December issue of Forbes Asia. The record rise was fueled by a raft of IPOs, notably of energy and mining firms. Half the tycoons on this year’s list are richer than they were a...