DIGIVESTASI - Indonesia's richest people lost almost 1% of their wealth overnight. The decline in the assets of Indonesian conglomerates was observed in line with the declining performance of the Indonesian capital market due to global geopolitical sentiment. At the close of trading yesterday, Monday (April 22, 2023), the JCI ended with a loss of -0.19% at IDR 7,073. Citing Forbes Real-time Billionaires data, Indonesia's richest man Prajogo Pangestos recorded the biggest decline in wealth of 4.18% today, Tuesday (April 23, 2024).

This petrochemical entrepreneur lost around $2.2 billion or around Rp 35.7 trillion, automatically reducing his net worth to $50.5 billion or around Rp 819 trillion. Low Tuck Kwong's second position experienced a decrease in assets of -0.85%. The founder of PT Bayan Resources Tbk (BYAN) lost around $222 million or around IDR 3.6 trillion and his net worth automatically fell to $25.7 billion. 

Separately, Budi Hartono and Michael Hartono, like other conglomerates, experienced a decline in assets. Each owner of PT Bank Central Asia Tbk (BBCA) lost -1.22% of its total assets. 

Both companies, known as the Djarum Group leaders, posted losses of approximately the same amount. Mr. Budi Hartono lost $291 million, and Mr. Michael lost $280 million.  

Finally, Sri Prakash Lohia, who is considered the fifth richest person in Indonesia, also experienced a significant drop in wealth. The textile and petrochemical group manager recorded a -0.10% drop in assets overnight.  
The owner of Indorama Corporation this morning recorded a decrease in assets of $8 million or around Rp 1,280 crore. This brings his total net worth to IDR 112.36 trillion.

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