Indonesia's 11 Richest People Involved in the Palm Oil Industry

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As the world's largest palm oil producer, Indonesia has produced a number of tycoons who have risen to prominence in the industry, as summarized in the Forbes list and related information below:1. Martua Sitorus: Founded in 1991, Fung Yick International (FYI).Wilmar), once the world's largest palm plantation (232,000 hectares, 65% in Indonesia) and known as the "King of Indonesian Palm Oil", exited completely in 2018 and now has a fortune of $3.6 billion.

2. Anthoni Salim: Expanded palm oil business through Indofood Agri and other companies, Forbes 2024 Indonesia's 5th richest man, $12.8 billion; 3. Sukanto Tanoto: Controls Royal Golden Eagle Group (RGEI), involved in pulp, palm oil (Asian Agri, Apical), 2024 19th richest man, $3.7 billion; 4. Ciliandra Fangiono: CEO of Singapore-listed First Resources, owns hundreds of thousands of hectares of palm oil plantations, 2023 youngest on the list (#24), $2.4 billion; 4. Ciliandra Fangiono: CEO of Singapore-listed First Resources, owns hundreds of thousands of hectares of palm oil plantations, the youngest person on the list in 2023 (24th), with a wealth of $2.4 billion.

5. Peter Sondakh: helmsman of Rajawali Group, involved in palm oil through PT Eagle High Plantations, 28th richest in 2024 with $3.2 billion; 6. Theodore Rachmat: founder of Triputra Group, involved in palm oil through PT Triputra Agro Persada, 16th richest in 2023 with a wealth of $4.4 billion; 7. Hashim Djojohadikusumo (brother of Prabowo): Arsari Group is involved in palm oil, mining, etc., 40th richest in 2021 with a wealth of $685 million.

8. Arini Subianto (daughter of Benny Subianto): took over Persada Capital, overseeing palm oil and other businesses, 29th richest person in 2023 with a fortune of $2 billion; 9. Bachtiar Karim: runs the business with his brotherMusim Mas(one of Indonesia's largest palm oil companies), 15th richest in 2023 with a wealth of $4.1 billion; 10. Susilo Wonowidjojo: shifted from tobacco to palm oil (Makin Group), 23rd richest in 2023 with a wealth of $2.9 billion; 11. Widjaja family: inherited theCotai Group(Sinar Mas), owns Golden Agri-Resources (the world's largest producer of palm oil), the 4th richest man in 2024 with a fortune of $18.9 billion.

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