Yuliot Tanjung Officially Becomes Deputy Minister of Investment, Let's Take a Peek at His Wealth

Yuliot Tanjung has been officially inaugurated as the Deputy Minister of Investment. President Joko Widodo conducted the appointment ceremony at the Merdeka Palace in Jakarta on Thursday (18/7/2024).

The appointment of Yuliot Tanjung fills the position previously held by Agus Martowardojo, who resigned earlier this month. Tanjung, a businessman from North Sumatra, brings experience from the private sector to the role.

Curiosity surrounds the wealth of the new deputy minister. Based on the State Organiser’s Wealth Report (LHKPN) submitted to the Corruption Eradication Commission (KPK), Yuliot Tanjung’s total assets reach Rp11,080,242,713 as of the latest filing.

His assets include:

• Cash and deposits: Rp2,124,000,000

• Land and buildings: Rp7,500,000,000 (comprising several properties in Medan and Jakarta)

• Vehicles: Rp1,456,242,713 (including luxury cars and motorcycles)

• Other movable assets: Rp0

• Securities: Rp0

• Non-financial assets: Rp0

No liabilities are reported in the LHKPN.

Yuliot Tanjung’s appointment is expected to enhance investment promotion, particularly in priority sectors such as infrastructure and manufacturing. Observers note that his business acumen could aid in attracting foreign direct investment to Indonesia.