Indonesia’s 50 Richest
BY ANGEL AU-YEUNGT
wo decades after the collapse of the Salim family’s Bank
Central Asia during the Asian financial crisis, Anthoni
Salim moved his clan’s conglomerate more firmly into
banking, acquiring a majority of Jakarta’s Bank Ina Perdana in
May. The shift came five years after the death of Anthoni’s father,
Liem Sioe Liong, a poor immigrant from China who founded
the Salim Group and prospered early on due to close ties withautocratic Indonesian president Suharto. Anthoni oversees the
assets of Indonesia’s fourth-richest clan with help from multiple
family members: his brother Andree Halim and Andree’s son Len
Keijian; his sister Mira Salim and her husband Franciscus Weli-
rang, a board member at Indofood; his son Axton Salim, a board
member at Indofood; and his cousin Gianto Gunara, a director at
bread maker QAF. The family keeps a low profile.LIEM SIOE LIONG
b. 1915, d. 2012
Founding ChairmanHong Kong-listed investment firm has assets
of $17.2 billion, with holdings in consumer food
products, infrastructure, natural resources and
telecommunications in six Asian countries.
Salim Group ownership stake: 44%.One of the world’s largest
instant-noodle producers
also makes snack foods,
palm oil, pasta and rubber,
and has exclusive rights to
produce and sell Pepsi drinks
in the country. First Pacific
stake: 51%.This Philippine publicly traded
investment firm owns stakes
in water and electric utilities,
toll roads and hospitals. First
Pacific owns a 42% stake.First Pacific bought 50% of
this century-old Australian
food company in 2015. It pro-
duces and distributes bread,
cooking oils, snacks, dairy
products and poultry, and
sells some items to China.The largest telecom compa-
ny in the Philippines is listed
on both the Philippine Stock
Exchange and the New York
Stock Exchange. First
Pacific owns just over 25%.
Recent market capitaliza-
tion: $7.1 billion.ANTHONI SALIM
President and CEO