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# 190 Low Tuck Kwong $15.8B

Random fact: Born in Singapore and moved to Indonesia at the age of 24.

Overview

Low is the founder of Bayan Resources, a coal producer and port operator in Indonesia. The Jakarta-based company sold about 56.9 million metric tons of coal and reported revenue of 54.7 trillion rupiah ($3.4 billion) in 2024. Low is also the largest shareholder of Metis Energy, a Singapore-based renewable energy company.

As of :
Last change -$328M ( -2%)
YTD change -$6.22B ( -28.3%)
Biggest asset BYAN IJ Equity
Country / Region Indonesia
Age 78
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
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Confidence rating:

The majority of Low's fortune is derived from his stake in coal producer and port operator Bayan Resources. The Jakarta-based company sold about 56.9 million metric tons of coal in 2024, according to its annual report.

He controls a 62% stake directly and through his children, according to filings to the Indonesia stock exchange in December 2025. Family-owned shares are attributed to Low in this analysis to reflect his status as founder.

Other assets include a 78% stake in Metis Energy, a Singapore-based renewable energy company, held directly and through family-owned holding companies, according to the company's 2024 annual report.

Low declined to comment on the net worth valuation.

Biography

Low was born in 1948 in Singapore. He worked in the construction company owned by his father until 1972 when he moved to Indonesia.

In 1973, he founded PT Jaya Sumpiles Indonesia, an earthworks and civil works contractor company. The company expanded to coal mining in 1988.

He acquired PT Gunungbayan Pratamacoal, which controls a coal mine in Kalimantan, and PT Dermaga Perkasapratama, a coal terminal operator, in 1997.

In 2004, he founded PT Bayan Resources. The company began trading publicly on the Indonesian stock exchange in 2008.

Low became an Indonesian citizen in 1992.

Milestones
  • 1948 Low is born in Singapore.
  • 1972 Moves to Indonesia.
  • 1973 Founds construction company PT Jaya Sumpiles Indonesia.
  • 2004 Founds Bayan Resources.
  • 2008 Bayan Resources begins publicly trading in Indonesia.

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