Prabowo Hosts Indonesian Billionaires to Meet Ray Dalio

Prabowo Subianto, center, with Ray Dalio, center left, in Jakarta on March 7.Source: Indonesia Presidential Secretariat Press Bureau

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By Norman Harsono

March 7, 2025 at 8:10 AM UTC

Updated on

March 7, 2025 at 11:42 AM UTC

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Indonesian President Prabowo Subianto hosted local tycoons and Bridgewater Associates founder Ray Dalio at the presidential palace, laying out goals for the new Danantara sovereign wealth fund.

The president on Friday gathered business moguls including Indonesia’s richest man Prajogo Pangestu, instant noodle billionaire Anthoni Salim, coal baron Garibaldi Thohir, palm oil tycoon Franky Widjaja and real estate magnate James Riady to meet with Dalio in Jakarta, according to a statement and photos from the presidential palace.