As the world's largest palm oil producer, Indonesia has fostered many billionaires who have risen through this industry. The following is a compilation based on Forbes rankings and related sources: 1. Martua Sitorus: Co-founded Wilmar in 1991, once owned the world's largest palm oil plantation (232,000 hectares, 65% in Indonesia), known as the "King of Indonesia's Palm Oil". Fully exited in 2018, now has a wealth of US$3.6 billion.
2. Anthoni Salim: Expanded palm oil business through Indofood Agri and other companies, ranked 5th richest in Indonesia by Forbes 2024, with wealth of US$12.8 billion; 3. Sukanto Tanoto: Controls Royal Golden Eagle Group (RGEI), involved in pulp, palm oil (Asian Agri, Apical), ranked 19th richest in 2024, with wealth of US$3.7 billion; 4. Ciliandra Fangiono: CEO of Singapore-listed First Resources, owns hundreds of thousands of hectares of palm oil plantations, youngest billionaire on the 2023 list (24th place), with wealth of US$2.4 billion.
5. Peter Sondakh: Head of Rajawali Group, his company PT Eagle High Plantations is involved in palm oil, ranked 28th richest in 2024, with wealth of US$3.2 billion; 6. Theodore Rachmat: Founder of Triputra Group, operates palm oil through PT Triputra Agro Persada, ranked 16th richest in 2023, with wealth of US$4.4 billion; 7. Hashim Djojohadikusumo (brother of Prabowo): Arsari Group involved in palm oil, mining, etc., ranked 40th richest in 2021, with wealth of US$685 million.
8. Arini Subianto (daughter of Benny Subianto): Took over Persada Capital, oversees palm oil and other businesses, ranked 29th richest in 2023, with wealth of US$2 billion; 9. Bachtiar Karim: Operates Musim Mas (one of Indonesia's largest palm oil companies) with his brothers, ranked 15th richest in 2023, with wealth of US$4.1 billion; 10. Susilo Wonowidjojo: Diversified from tobacco to palm oil (Makin Group), ranked 23rd richest in 2023, with wealth of US$2.9 billion; 11. The Widjaja Family: Inherited Sinar Mas Group, owns Golden Agri-Resources (the world's largest palm oil producer), ranked 4th richest in 2024, with wealth of US$18.9 billion.
As the world's largest palm oil producer, Indonesia has fostered many billionaires who have risen through this industry. The following is a compilation based on Forbes rankings and related sources: 1. Martua Sitorus: Co-founded Wilmar in 1991, once owned the world's largest palm oil plantation (232,000 hectares, 65% in Indonesia), known as the "King of Indonesia's Palm Oil". Fully exited in 2018, now has a wealth of US$3.6 billion.
2. Anthoni Salim: Expanded palm oil business through Indofood Agri and other companies, ranked 5th richest in Indonesia by Forbes 2024, with wealth of US$12.8 billion; 3. Sukanto Tanoto: Controls Royal Golden Eagle Group (RGEI), involved in pulp, palm oil (Asian Agri, Apical), ranked 19th richest in 2024, with wealth of US$3.7 billion; 4. Ciliandra Fangiono: CEO of Singapore-listed First Resources, owns hundreds of thousands of hectares of palm oil plantations, youngest billionaire on the 2023 list (24th place), with wealth of US$2.4 billion.
5. Peter Sondakh: Head of Rajawali Group, his company PT Eagle High Plantations is involved in palm oil, ranked 28th richest in 2024, with wealth of US$3.2 billion; 6. Theodore Rachmat: Founder of Triputra Group, operates palm oil through PT Triputra Agro Persada, ranked 16th richest in 2023, with wealth of US$4.4 billion; 7. Hashim Djojohadikusumo (brother of Prabowo): Arsari Group involved in palm oil, mining, etc., ranked 40th richest in 2021, with wealth of US$685 million.
8. Arini Subianto (daughter of Benny Subianto): Took over Persada Capital, oversees palm oil and other businesses, ranked 29th richest in 2023, with wealth of US$2 billion; 9. Bachtiar Karim: Operates Musim Mas (one of Indonesia's largest palm oil companies) with his brothers, ranked 15th richest in 2023, with wealth of US$4.1 billion; 10. Susilo Wonowidjojo: Diversified from tobacco to palm oil (Makin Group), ranked 23rd richest in 2023, with wealth of US$2.9 billion; 11. The Widjaja Family: Inherited Sinar Mas Group, owns Golden Agri-Resources (the world's largest palm oil producer), ranked 4th richest in 2024, with wealth of US$18.9 billion.