Forbes Asia — December 2017

(Jacob Rumans) #1

Indonesia’s 50 Richest


S.P. & AMIT LOHIA:
POLYESTER ROYALTY
More than 40 years after emigrating from India,
Indonesia’s polyester king S.P. Lohia continues
to spin the family’s fortune well beyond yarn
and plastics with help from his 43-year-old
son Amit. Indorama Group, which they head
as chairman and vice chairman, respectively,
announced plans in November to acquire Tata
Chemicals’ fertilizer business. A month earlier
Indorama Ventures, his biggest holding run by
brother Aloke, agreed to buy Dupont Teijin,
a joint venture that specializes in PET film
products for industrial use. Indorama is also
investing more than $1 billion to build a second
fertilizer plant in Nigeria and in the process
of adding fertilizer manufacturing capacity in
Uzbekistan. Amid these moves, Lohia’s fortune
rose by $1.4 billion to a record $6.4 billion.

MUKI HAMAMI:


HEALTHY BET
After entrepreneur Achmad
Hamami lost his eyesight
to glaucoma in 1999, eldest
son Muki stepped in to help
run the family’s diversified
Tiara Marga Trakindo and its
flagship subsidiary Trakindo
Utama, the sole dealer in
Indonesia for Caterpillar
equipment. The family, which
has the license to operate
Carl’s Jr. burger restaurants,
is betting on Malaysia’s
BookDoc, an online platform
that connects patients to
health care professionals.
They were early investors
along with Macau gaming
magnate Stanley Ho’s family
and the Brunei Royal family.
—Anis Shakirah Mohd Muslimin
AHMAD ZAMRONI(BOTTOM)

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