Prajogo Pangestu Increases Stake in BRPT with $550,000 Stock Purchase

Indonesian tycoon and the country’s richest person, Prajogo Pangestu, has expanded his holdings in PT Barito Pacific Tbk (BRPT) by purchasing 11 million shares of the company.

According to the Indonesia Stock Exchange (IDX) disclosure on Wednesday (March 5, 2025), the transaction was executed on February 28, 2025, for investment purposes.

Prajogo acquired BRPT shares at Rp 790.09 per share, bringing the total transaction value to approximately Rp 8.6 billion ($550,000). With this purchase, his stake in BRPT increased to 71.36%, or about 66.89 billion shares, from 71.35% (66.88 billion shares) previously.

As the owner of Barito Pacific Group, Prajogo controls major companies including PT Barito Pacific Tbk, PT Barito Renewables Energy Tbk, PT Chandra Asri Pacific Tbk, and PT Petrindo Jaya Kreasi Tbk.

Prajogo Also Acquires BREN Shares Worth $600,000

In addition to increasing his stake in BRPT, Prajogo Pangestu also acquired 1.5 million shares of PT Barito Renewables Energy Tbk (BREN).

According to the IDX disclosure, the BREN share purchase took place on Tuesday (February 25, 2025) and was publicly announced on Wednesday (February 26, 2025).

The acquisition represents 0.00112% of BREN’s total outstanding shares. BREN shares were purchased at Rp 6,272 per share, bringing the total transaction value to Rp 9.4 billion ($600,000).

Notably, Prajogo Pangestu has been named Indonesia’s richest person by Forbes this year, with an estimated net worth of Rp 753.36 trillion ($48 billion).

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