The combined wealth of the top 50 Indonesia richest fell slightly from last year due to the COVID-19 crisis. But it is more than the government’s tax revenue this year.
Indonesian media including Bisnis and Tribunnews on the 11th analyzed the wealth status of the top 50 rich Indonesian people in 2020 announced by Forbes magazine the previous day.
The total wealth of 50 rich people in Indonesia fell 1.2 percent. From $134.6 billion last year to $133 billion this year.
The wealth of Indonesia top richest 50 people this year is down 28 from last year
The main reason for the decline in property was the economic downturn caused by the COVID-19.
Indonesia’s economic growth rate was around 5 percent for four consecutive years from 2016 to last year. But is expected to hit the lowest level this year since 1999. When the Asian financial crisis hit the Asian financial crisis.
This year, it started at 2.97 percent in the first quarter and retreated to -3.49 percent in the third quarter. After -5.32 percent in the second quarter.
Even if the wealth decreased, the total wealth of the top 50 people was higher than the total tax revenue of the Indonesian government this year. Indonesia has a population of 270 million.
Indonesia’s richest men this year are Michael Bambang Hartono and Robert Budi Hartono. Both of whose total value is $38.8 billion each.
The brothers acquired a stake in BCA Bank with the money they earned from running a tobacco company called Djarum. Therefore making them the richest man in Indonesia. They have been the richest men for more than a decade.
Second place is the Wijaya family, who owns the Sinarmas group. Their wealth is at around $11.9 billion.
The third place was Prajogo Pangestu ($6 billion), who owns oil company Chandra Asri Petrochemical. And Anthoni Salim ($5.9 billion), who leads the Salim Group.
Four of the richest men in the world were out from this year’s list.
Two of them are the brothers Kusnan Kirana and Rusdi Kirana, the founders of Lion Air Group, which directly hit by the COVID-19.