Forbes magazine has released its list of the world's richest people. Familiar names continue to dominate the list of Indonesian conglomerates. The list, released by Forbes on March 20, 2017, states that Budi and Michael Hartono, brothers and owners of the Djarum cigarette company and Bank Central Asia, have again been named the richest people in Indonesia. Their respective fortunes amount to US$9 billion, or approximately Rp 119 trillion (at an exchange rate of Rp 13,321 per US dollar), and US$8.9 billion, or approximately Rp 118 trillion.
In third place is Sri Prakash Lohia. This Indian-descendant businessman climbed two places from the previous Forbes ranking. Currently, Sri Prakash has amassed a fortune of US$5.4 billion, or approximately Rp 79 trillion, from the textile and polyester industry through Indorama. Next is Chairul Tanjung in fourth place with a fortune of US$4.6 billion, or approximately Rp 61 trillion. He accumulated his wealth through media, retail, and recreation businesses under the Trans Corp banner. Although his wealth decreased, CT climbed two places from his previous ranking.
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