His Shares on Fire, Is Prajogo Pangestu Indonesia's Richest Person?
Jakarta — Multiple conglomerate shares continued to plummet through Monday 9 March 2026, yet the names of Indonesia’s wealthiest individuals remain largely unchanged, with Prajogo Pangestu still holding the top position.
According to Forbes Real Time Billionaires Index data from 9 March 2026, conglomerate Prajogo Pangestu maintains his position as Indonesia’s richest person with a net worth of approximately US$22.7 billion.
However, his wealth value experienced a correction of around US$2 billion in a single day, coinciding with weakness in several stocks under the Barito Group umbrella.
The pressure on Prajogo’s wealth is closely linked to the performance of several of his affiliated stocks, which experienced significant declines recently.
Several listed companies that weakened include PT Barito Pacific Tbk. (BRPT), PT Chandra Daya Investasi Tbk. (CDIA), PT Petrosea Tbk. (PTRO), and PT Petrindo Jaya Kreasi Tbk. (CUAN).
The decline in these share prices directly affected the valuation of Prajogo’s holdings, given that a substantial portion of his wealth derives from equity ownership in these companies.
Nevertheless, Prajogo’s position as Indonesia’s richest person remains relatively solid. This is largely due to the substantial market capitalisation of several companies within his business group.
Companies such as Barito Renewables Energy (BREN), for instance, remain among the largest companies by market capitalisation on the Indonesian Stock Exchange (BEI).
Beyond BREN, other listed entities under Barito Group including TPIA, BRPT, CUAN, CDIA, and PTRO also possess significant market values and contribute substantially to Prajogo’s wealth.
Meanwhile, Robert Budi Hartono, one of the owners of Djarum Group, now holds the second position as Indonesia’s richest person. His net wealth is recorded at approximately US$18.8 billion, although it has experienced a slight decline compared to the previous day. Robert Hartono’s wealth primarily derives from his ownership stakes in several major companies, particularly in the banking and telecommunications sectors.
In third position is Low Tuck Kwong, a coal mining entrepreneur and owner of Bayan Group, with wealth of approximately US$18.4 billion. Previously, Low Tuck Kwong held the second position, but movements in coal sector share prices affected his wealth valuation and shifted his ranking.
Below him is Michael Hartono, brother of Robert Budi Hartono, with a net worth of approximately US$18.1 billion.
The Hartono family is known as the owner of Djarum Group, which operates various major businesses, including majority ownership of PT Bank Central Asia Tbk. (BBCA) and investments in telecommunications infrastructure through PT Sarana Menara Nusantara Tbk. (TOWR).
Following this is Anthoni Salim, heir to Salim Group, with wealth of approximately US$11.8 billion.
Beyond consumer and food businesses, Anthoni Salim maintains a substantial investment portfolio in the Indonesian capital market, including stakes in the technology and digital infrastructure sectors.