Hartono Brothers Stay Atop Forbes Indonesia’s 40 Richest List

R. Budi and Michael Hartono took top spot on Forbes Asia’s 40 richest Indonesians list for the second straight year with combined wealth of $11 billion, up from $7 billion in 2009, the magazine reported in its December issue.

The brothers derive most of their wealth from holdings in PT Bank Central Asia, Indonesia’s biggest by market value, and own clove-cigarette maker Djarum and palm-oil interests. They cap a list of billionaires and millionaires whose wealth has grown to $71 billion this year from $42 billion last year, Forbes said.

Susilo Wonowidjojo, president of PT Gudang Garam, the Indonesian cigarette maker founded by his father, came in second with $8 billion, Forbes reported.

Eka Tjipta, whose family owns palm-oil producer Golden Agri-Resources Ltd., is No. 3 on the list with $6 billion, up from $3.6 billion in 2009, Forbes said. Martua Sitorus, chief operating officer of Wilmar International Ltd., the world’s biggest palm-oil trader, is in fourth place with $3.2 billion compared with $3 billion last year.

Anthoni Salim, head of the Salim Group, came in fifth with $3 billion. Salim is chairman of First Pacific Co. Ltd., which in October raised $700 million in an initial public offering for PT Indofood CBP Sukses Makmur, the world’s biggest instant- noodle maker.

To contact the reporter on this story: Greg Ahlstrand in Jakarta at gahlstrand@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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