Prabowo Reveals Danantara Manages US$1 Trillion in Assets, 6th Largest in the World

President Prabowo Subianto has revealed that Indonesia now possesses a Sovereign Wealth Fund (SWF) through the Daya Anagata Nusantara Investment Management Agency (BPI Danantara). According to the President, Indonesia’s SWF is currently the sixth largest in the world in terms of assets.

Prabowo claimed that Danantara currently manages the total assets of State-Owned Enterprises (SOEs), which have reached US$1,000 billion. “We now have a sovereign fund. Our sovereign wealth fund may now be the sixth largest in the world. The assets we manage now are US$1,000 billion,” Prabowo stated during the inauguration of 1,062 Kopdes Merah Putih, as quoted from a Presidential Secretariat YouTube broadcast on Saturday (16/05/2026).

He further noted that the total assets under management are among the best in the world, despite Danantara being newly established in 2025, whereas other SWFs were formed much earlier, such as Abu Dhabi in 1976 and China in 1997. “We are even above Qatar, above Saudi Arabia, and also above Singapore. So, our country is doing well,” he remarked.

Prabowo expressed confidence that the work and development undertaken by Danantara will yield significant results over the next 10 to 20 years. “We already have Danantara, and in 10 years, 20 years from now… mark the date, mark the year, brothers and sisters, you will see,” he said.

For context, Danantara was officially inaugurated on 24 February 2025. It was formed to serve as the primary engine for managing national wealth by consolidating all SOE assets into a single massive investment entity, with assets estimated to exceed US$900 billion or approximately IDR 15,000 trillion.

Structurally, Danantara serves as a strategic entity receiving direct authority from the President regarding the management of SOEs, including dividends, restructuring, the formation of investment and operational holdings, as well as the provision of loans and asset collateralisation, subject to Presidential approval.

Legislation stipulates that Danantara’s initial capital must be at least IDR 1,000 trillion, sourced from state capital participation, including cash, state-owned goods, and SOE shares. Meanwhile, initial funding is projected to reach US$20 billion or approximately IDR 326 trillion. These funds will be directed towards strategic, high-impact projects ranging from renewable energy and downstream industries to advanced manufacturing and food security.