In 2014, there were 46,700 Indonesian billionaires.

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05/08/2016 18:43 WIB

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The Number of Ultra-High-Net-Worth Individuals in Indonesia, 2009-2014

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The Number of Ultra-High-Net-Worth Individuals in Indonesia, 2009-2014

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Between 2009 and 2014, the number of High Net Worth Individuals (HNWIs) in Indonesia with net assets of at least US$1 million (approximately Rp 13 billion) showed a continuous upward trend. In 2014, the growth of Indonesian HNWIs reached 15 percent, reaching 46,700 individuals compared to 2013. Several of these wealthy individuals are included in Forbes' list of the world's richest people. The emergence of new billionaires in Indonesia was driven by rising real estate prices, stock prices, and an economy growing at over 5 percent.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."