Where Does Tan Kian Rank Among Indonesia's Wealthiest?
Tan Kian is a fairly well-known name among Indonesian property entrepreneurs, although he tends to be low profile and rarely appears in the media. The question of where Tan Kian ranks among Indonesia’s richest people often arises because he was once included on the Forbes rich list in the 2000s.
However, in 2026, he is no longer at the top of the rankings, which are dominated by figures such as Low Tuck Kwong, Prajogo Pangestu and the Hartono family.
According to Forbes records, Tan Kian once ranked around 30th to 31th among Indonesia’s richest people. In 2007, his wealth was estimated at US$225 million, and in 2008 around US$175 million.
He is known as the owner of Dua Mutiara Group, now known as Century Properties Group Indonesia, a premium property developer focused on exclusive projects in Jakarta’s elite districts.
Tan Kian was born into a modest business family involved in the shrimp and textile trade. He is the second generation who successfully grew the family business into a property empire.
Since the early 1990s, he has built a reputation as a boutique developer—a developer specialising in a limited number of high-quality, upper-class projects.
Several iconic projects associated with Dua Mutiara Group/Century Properties include:
Pacific Place Jakarta in the SCBD area, one of the most luxurious shopping malls and lifestyle centres in the capital.
The Ritz-Carlton Jakarta (Mega Kuningan and Pacific Place).
JW Marriott Hotel Jakarta.
Millennium Centennial Center in the Sudirman CBD.
South Hills apartments and various other premium office buildings and residences.
These projects are not only Jakarta landmarks but have also contributed significant asset value.
In 2016, his wealth was estimated at around US$570 million, or roughly Rp9.3 trillion, by Jakarta Globe. He was also recorded as having built a luxury resort with 60 villas on Bintan Island.
In 2017, Tan Kian handed over the leadership baton to his son, Nicholas Tan, whilst remaining a key figure behind the group.
The company’s name change to Century Properties Group marked a new era of expansion and management professionalisation.
In the 2025–2026 era, the list of Indonesia’s richest people is dominated by businessmen from the coal, petrochemical, banking and technology sectors, such as Low Tuck Kwong (Bayan Resources), Prajogo Pangestu (Barito Pacific) and the Hartono family (Djarum and BCA).
The combined wealth of Indonesia’s 50 richest people has reached a record high, exceeding US$300 billion.