Prajogo Pangestu maintained his top spot as Indonesia’s richest person according to Forbes through the end of July 2025. The founder and majority owner of PT Barito Pacific Tbk (BRPT) holds a net worth of US$ 33.3 billion—approximately Rp 542.79 trillion (at US$1 = Rp 16,300). That amount declined by US$ 300 million compared to the previous weekend. His closest rival, Low Tuck Kwong of Bayan Resources, saw his fortune rise to US$ 26.5 billion.

Prajogo is widely recognized as a central figure in Indonesia’s petrochemical, energy, and mining sectors. Through multiple publicly listed companies on the Indonesia Stock Exchange, he has built a broad strategic business portfolio.

Companies and Shares Owned by Prajogo Pangestu

• PT Barito Pacific Tbk (BRPT) and PT Chandra Asri Pacific Tbk (TPIA) — major players in petrochemicals.

• PT Barito Renewables Energy Tbk (BREN) — focusing on renewable energy and geothermal projects via Star Energy.

• PT Petrindo Jaya Kreasi Tbk (CUAN) and PT Petrosea Tbk (PTRO) — operating in coal and gold mining as well as construction.

• PT Gozco Plantations Tbk (GZCO) — in the palm oil agribusiness.

• PT Chandra Daya Investasi Tbk (CDIA) — in infrastructure and energy logistics.

With a vast business empire spanning fossil energy, renewables, mining, and logistics, stock surges in BRPT, CUAN, and BREN have driven his wealth to new heights over the past year.

From Kalimantan to the Billionaire Ranks

Born as Phang Djoem Phen in Bengkayang (West Kalimantan) on May 13, 1944, Prajogo came from a modest background and once worked as a public transport driver before launching a business career with Malaysian timber mogul Burhan Uray in the 1970s. Starting at PT Plywood Nusantara, he founded Barito Pacific Timber, later evolving into Barito Pacific Tbk in 2007 as he diversified into energy and petrochemicals.

Petrochemical Diversification & Green Energy Expansion

• In 2007, Barito Pacific acquired 70% of Chandra Asri, which merged with Tri Polyta Indonesia to form a nationally integrated petrochemical entity.

• In 2022, via Green Era Singapore, he consolidated full control of Star Energy with a 100% stake—becoming the dominant geothermal operator in Indonesia with approximately 875 MW of capacity.

Milestones & Wealth Surge

• In 2023, his companies CUAN and BREN were successfully listed on the Indonesia Stock Exchange, expanding Barito Group’s presence in both green and conventional energy markets.

• By mid‑July 2025, he was listed on Forbes Real‑Time Billionaires, surpassing major global figures and reaching a net worth of US$ 32.3 billion (~Rp 525 trillion).

• Recent stock rallies—PTRO (+24.76%), CUAN (+17.19%), and BREN (+19.67%)—were triggered after MSCI lifted the exceptional treatment status, opening the stocks to global investors.