Aburizal Bakrie richest man in Southeast Asia
27 Mei 2008 11:04:04
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Indonesia's most powerful business families as well as fastrising young entrepreneurs provide fresh hope for the country'scontinued economic development. GlobeAsia's 2008 150 Richest Indonesians list, released on May 26, shows that despite global economic turbulence, Indonesian entrepreneurs have done extremely well in the past year, adding $22.7 billion in new wealth to the nation.
As global financial markets quake under rising commodity prices, the upward climb in energy, mineral and food prices has been a blessing for Indonesia with its strong natural resource base. The global crisis has not only increased the prospects for Indonesia's economy but is also creating new pockets of wealth, especially in the regions.
The Richest
Aburizal Bakrie is the richest Indonesian with a total net worth of $9.2 billion, an eight-fold increase from last year.
He also rose seven places up the list. The 2007 richest Indonesian, cigarette king Budi Hartono from the Djarum Group, saw his net worth rise significantly by $2.6 billion but he could not match the Bakrie family for their sheer financial genius in capitalizing on the massive amounts of liquidity in the global markets to bulk up and re-engineer their shareholdings.
Total Net Worth
The total net worth of the 150 Richest Indonesians rose by $22.7 billion or more than 30% this past year to $69.3 billion with seven new billionaires being added to the list. Indonesia now has a total of 15 billionaires, with eight of the 15 from this prestigious group making their money in energy and commodities.
The average wealth of the rich listers rose by an amazing 44% to $448 million while the richest Indonesian was 114 times more wealthy than the person ranked 150. This year, it required a minimum of $66 million to make the GlobeAsia list, compared to $50 million in 2007.
Competitive Advantage
Unlike the past, the wealth now being created rides the competitive advantages of Indonesia as capital and resources are devoted to the natural resources sector. This augurs well for the future of the country as long as wealth trickles downwards, said GlobeAsia publisher, Tanri Abeng.
“The boom in demand for natural resources has not just benefited the super rich. The government has also seen its foreign exchange reserves rise significantly and as a result has enjoyed a huge surplus in trade,” he said. “This has indirectly raised GDP for the country although the challenge for the country now is how to redistribute this wealth equitably.”
The Indonesian government must further encourage private enterprise and entrepreneurship as the backbone of the economy, Tanri Abeng said. “The GlobeAsia rich list proves that Indonesians are as capable and as business savvy as their counterparts in the other two emerging Asian giants - China and India,” he stressed.
“Private wealth accumulation has a direct benefit to the nation as it raises tax revenues for the government which should use the money to build infrastructure, improve education and healthcare services for the majority of Indonesians.”
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Yay...did he defeat Robert Kuok ? :banana::banana:
27 Mei 2008 11:04:04
Indonesia's most powerful business families as well as fastrising young entrepreneurs provide fresh hope for the country'scontinued economic development. GlobeAsia's 2008 150 Richest Indonesians list, released on May 26, shows that despite global economic turbulence, Indonesian entrepreneurs have done extremely well in the past year, adding $22.7 billion in new wealth to the nation.
As global financial markets quake under rising commodity prices, the upward climb in energy, mineral and food prices has been a blessing for Indonesia with its strong natural resource base. The global crisis has not only increased the prospects for Indonesia's economy but is also creating new pockets of wealth, especially in the regions.
The Richest
Aburizal Bakrie is the richest Indonesian with a total net worth of $9.2 billion, an eight-fold increase from last year.
He also rose seven places up the list. The 2007 richest Indonesian, cigarette king Budi Hartono from the Djarum Group, saw his net worth rise significantly by $2.6 billion but he could not match the Bakrie family for their sheer financial genius in capitalizing on the massive amounts of liquidity in the global markets to bulk up and re-engineer their shareholdings.
Total Net Worth
The total net worth of the 150 Richest Indonesians rose by $22.7 billion or more than 30% this past year to $69.3 billion with seven new billionaires being added to the list. Indonesia now has a total of 15 billionaires, with eight of the 15 from this prestigious group making their money in energy and commodities.
The average wealth of the rich listers rose by an amazing 44% to $448 million while the richest Indonesian was 114 times more wealthy than the person ranked 150. This year, it required a minimum of $66 million to make the GlobeAsia list, compared to $50 million in 2007.
Competitive Advantage
Unlike the past, the wealth now being created rides the competitive advantages of Indonesia as capital and resources are devoted to the natural resources sector. This augurs well for the future of the country as long as wealth trickles downwards, said GlobeAsia publisher, Tanri Abeng.
“The boom in demand for natural resources has not just benefited the super rich. The government has also seen its foreign exchange reserves rise significantly and as a result has enjoyed a huge surplus in trade,” he said. “This has indirectly raised GDP for the country although the challenge for the country now is how to redistribute this wealth equitably.”
The Indonesian government must further encourage private enterprise and entrepreneurship as the backbone of the economy, Tanri Abeng said. “The GlobeAsia rich list proves that Indonesians are as capable and as business savvy as their counterparts in the other two emerging Asian giants - China and India,” he stressed.
“Private wealth accumulation has a direct benefit to the nation as it raises tax revenues for the government which should use the money to build infrastructure, improve education and healthcare services for the majority of Indonesians.”
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Yay...did he defeat Robert Kuok ? :banana::banana:
