Rising Star in Indonesia Bets $100 Million on Ousting Incumbent President
- Sandiaga Uno popular with millennials and young entrepreneurs
- Venture capitalist VP nominee seen laying groundwork for 2024
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Indonesia’s Sandiaga Uno has spent nearly $100 million of his private equity fortune to defeat Joko Widodo in next month’s election. It may be a down payment on his own presidential ambitions.
Just a few years ago, Uno was relatively unknown in Indonesian politics. Now he’s the vice-presidential nominee on a ticket with former general Prabowo Subianto, the latest milestone in a steep rise highlighted by a successful campaign in Jakarta’s gubernatorial race that saw him engineer an unlikely victory two years ago against one of the president’s closest political allies.