{
    "success": true,
    "data": {
        "id": 1567169,
        "msgid": "singapore-born-tycoon-low-tuck-kwong-buys-former-president-sbys-painting-for-6-5-billion-rupiah-at-charity-1771891620",
        "date": "2026-02-23 12:13:00",
        "title": "Singapore-born tycoon Low Tuck Kwong buys former President SBY's painting for 6.5 billion rupiah at charity auction",
        "author": "",
        "source": "CNA",
        "tags": "Asia",
        "topic": "Business",
        "summary": "Singapore-born tycoon Low Tuck Kwong, one of Indonesia's wealthiest individuals with a net worth of US$20.2 billion, purchased a fire-horse painting by former President Susilo Bambang Yudhoyono for 6.5 billion rupiah (US$386,261) at a Democratic Party charity auction. The sale proceeds will be donated to support underprivileged communities and those affected by disasters.",
        "content": "<p>S\u2019pore-born tycoon buys auctioned painting by former Indonesia\nPresident SBY for US$386,261 Proceeds from the sale will be donated to\nunderprivileged communities and those affected by disasters, said Agus\nHarimurti Yudhoyono, the former president\u2019s son. The buyer, Low Tuck\nKwong, is one of Indonesia\u2019s richest people. JAKARTA: Singapore-born\nIndonesian tycoon Low Tuck Kwong has bought an auctioned painting by\nformer Indonesia President Susilo Bambang Yudhoyono for 6.5 billion\nrupiah (US$386,261). Proceeds from the sale of the painting of a fire\nhorse \u2013 the Chinese zodiac for this year \u2013 will be donated to\nunderprivileged communities and those affected by disasters, said Agus\nHarimurti Yudhoyono, the former president\u2019s son. Low, one of Indonesia\u2019s\nrichest people, is the president director of coal mining company PT\nBayan Resources. He has a net worth of US$20.2 billion, according to\nForbes. The 77-year-old also controls Singapore\u2019s renewable energy\ncompany Metis Energy and has interests in healthcare firm The Farrer\nPark Company and investment holding company Samindo Resources. Low is\nalso a philanthropist. In 2023, the Low Tuck Kwong Foundation reportedly\ngave S$127.6 million (US$100.9 million) to educational and healthcare\ncauses in Singapore, including S$101 million to the Lee Kuan Yew School\nof Public Policy at the National University of Singapore. Former\nIndonesia President Susilo, popularly known as SBY, has been painting\nsince junior high school and took up the hobby again amid the COVID-19\npandemic, according to a 2021 article by media outlet Kompas. The\n76-year-old was president from 2004 to 2014. Painting is a way in which\nhe remembers his late wife Ani, whose hobby was photography, reported\nDetiknews in 2024. SBY\u2019s fire horse painting was auctioned during his\nDemocratic Party\u2019s Chinese New Year celebration last Wednesday (Feb 18).\nLow outbid fellow tycoon Hermanto Tanoko, who offered 6 billion rupiah,\nand YouTuber and digital media entrepreneur Deddy Corbuzier, who offered\n1 billion rupiah. SBY\u2019s son Agus, who is chairman of the Democratic\nParty, said his father painted the fire horse in the spirit of\ntransformation. \u201cHe painted a fire horse whose spirit represents energy,\nstrength, hard work, and the transformation we want to bring so that\nIndonesia can progress further, wrapped in peace and beauty,\u201d Agus said\nduring the event at the Djakarta Theatre, which was broadcast \u201clive\u201d on\nthe party\u2019s YouTube channel. Agus is also the country\u2019s Coordinating\nMinister for Infrastructure and Regional Development Affairs. SBY said\nhe hoped his painting would symbolise strength and determination. \u201cI\ncertainly painted while praying \u2013 praying for the Indonesian nation so\nthat with the spirit of the fire horse, there will arise enthusiasm,\ndetermination, strength, and togetherness to advance our country,\u201d he\nsaid.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/singapore-born-tycoon-low-tuck-kwong-buys-former-president-sbys-painting-for-6-5-billion-rupiah-at-charity-1771891620",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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