Indonesia's Wealthiest Bank Owners: A Look at the Top Conglomerates

Hartono Brothers Maintain Top Spot

The Hartono brothers, R. Budi Hartono and Michael Bambang Hartono, continue to lead the list of Indonesia's wealthiest bank owners. Their combined wealth stands at $42.1 billion, with R. Budi Hartono's net worth at $21.5 billion and Michael Hartono's at $20.6 billion. They control Bank Central Asia (BBCA), one of Indonesia's largest banks, through their holding company PT Dwimuria Investama Andalan, which holds 54.94% of BBCA's shares.

Other Notable Bank Owners

1. Dato Sri Tahir: With a net worth of $10.7 billion, Tahir is the second wealthiest bank owner. He controls 19.34% of Bank Mayapada Internasional (MAYA).
2. Chairul Tanjung: Chairul Tanjung's net worth stands at $4.48 billion. He controls several banks through PT Mega Corpora, including Bank Mega (MEGA) and Allo Bank Indonesia (BBHI).
3. Mochtar Riady: Mochtar Riady and his family's wealth is estimated at $3.3 billion. They own Bank Nationalnobu (NOBU), part of the Lippo Group.
4. Hary Tanoesoedibjo: With a net worth of $1.5 billion, Hary Tanoesoedibjo owns Bank MNC Internasional (MNC Bank), part of the MNC Group.
5. Eddy Kusnadi Sariaatmadja: Eddy Kusnadi Sariaatmadja's wealth is $1.2 billion. He controls Super Bank Indonesia (Superbank), previously known as Bank Fama, through his companies.

Implications for Indonesia's Banking Sector

The concentration of wealth among these conglomerates highlights the significant influence they have on Indonesia's banking sector. Their control over major banks underscores the importance of these financial institutions in the country's economy. The list also reflects the diverse business interests of these conglomerates, extending beyond banking into various other sectors.