Indonesia’s Richest Billionaires: Wealth Crosses $300 Billion Amid Stock Market Frenzy In 2025
By Forbes
The video discusses Indonesia's 2025 richest list, highlighting a $300 billion wealth surge amid a volatile stock market. The benchmark index rose 17%, boosting collective wealth to a record $36 billion. The financial regulator plans to raise the minimum free float requirement for listed companies to 25% from 7.5%, aiming to attract investors. Brothers Arbooty and Michael Hartono, who held the top spot for over a decade, saw their combined net worth drop by $6.5 billion to $43.8 billion, the largest decline in dollar terms. Their largest asset, Bank Central Asia, saw a 15% drop due to concerns about monetary and fiscal policy uncertainty. Projobo Panchestu, a data center billionaire, retained second place after a 23% net worth increase, while the Waja family scaled to third with $28.3 billion, driven by a 100% rise in their infrastructure and energy flagship, Dion Swastatika Sentosa. DCI Indonesia's shares soared due to data center demand, propelling its co-founders into the top 10. The minimum net worth to qualify for the list fell to $920 million, down from $1.05 billion. The ranking includes both individual and family fortunes, with private companies valued based on publicly traded counterparts and public fortunes calculated using stock prices and exchange rates as of November 21, 2025. Notable declines included Kankoro Weibo's Asparasi Hedup Indonesia, which dropped 40% amid shrinking profits. The video concludes with a note from Kieran Meadows of Forbes, emphasizing the compilation method using family, stock exchange, and annual report data.
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