Tuesday, July 5, 2022

Indonesia’s Hashim entered Forbes’ richest list


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

JAKARTA: Hashim Djojonegoro was included in the Forbes list of Indonesia’s richest people. This magazine has just launched 50 names of Indonesia’s richest conglomerate 2018.

According to Forbes, Hashim has assets of around US $ 850 million or equivalent to Rp. 12.3 trillion. Prabowo’s sister is ranked 35th in the Forbes series of Indonesia’s richest people.

Hashim Djojonegoro collected the coffers of wealth from his company Arsari Group. The company is engaged in various sectors ranging from oil palm plantations, pulp and paper, logistics to cargo companies.

Although not included in the Forbes richest series, Hashim’s brother, Prabowo Subianto also had abundant assets. In the report on state assets, Prabowo reported that his assets were almost worth Rp.2 trillion.

Husain Djojonegoro’s late father Chandra and his late uncle Chu Sok Sam started Orang Tua Group in 1948 selling herbal wine.

Now run and owned by Husain and his two brothers, the group is known for its food and beverage products.

Husain and his younger brother Pudjiono manage ABC Group, which makes ABC batteries, Kratingdaeng energy drink and health drink YOU.

His brother Hamid manages its consumer goods group, which introduced such new brands as Vit-Amin flavored tea, Chizmill wafer and Jagak herbal drink.

Aside from Hashim, Forbes also released four new names that were included in the richest line of people.

“Most of the new names made it into the list because of the increase in share prices of the companies they owned,” wrote the Forbes release, Thursday, December 13, 2018.

The four were Danny Nugroho, Benny Tjokrosaputro, Sabana Prawiradjaja and Arifin Panigoro.

While the top rank is still occupied by the Hartono brothers worth US $ 35 billion, of which around 70 percent of his total wealth comes from Bank Central Asia.

Meanwhile, Susilo Wonowidjojo rose to second place with a fortune of US $ 9.2 billion due to the increasing share price of the cigarette company Gudang Garam.

Forbes recorded net assets of 50 of Indonesia’s richest people setting new records with a total value of US $ 129 billion, up US $ 3 billion from last year.

The increase in wealth was supported by economic growth and the growth of the capital market in the past year grew by 4.4 percent.

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