Forbes magazine has released its 2017 list of the world's richest people. Familiar names continue to dominate the list of Indonesian tycoons. Interestingly, Chairul Tanjung climbed two ranks to fourth place on the list of Indonesia's richest individuals. However, the wealth of the man known by his initials, CT, actually decreased to US$4.6 billion (approximately Rp 61 trillion in 2017) compared to US$4.9 billion the previous year. CT amassed his fortune through media, retail, and recreation businesses under the Trans Corp banner.
The former Coordinating Minister for the Economy during the presidency of Susilo Bambang Yudhoyono owns various businesses under CT Corp (formerly Para Group). This indigenous businessman, known for his close ties to the Salim family, owns Trans TV, Carrefour, Detik.com, Bank Mega, and many other businesses.
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