In Indonesia, where the 50 wealthiest are 68 years of ages on average , young wealth is a scarcity.
BEAM 2 Dec, 2017
The following 3 business owners are not in the ranks of Indonesia's 50 wealthiest yet, however their thriving companies make them ones to look out for in 2018 and beyond.
Makarim cofounded Go-Jek in 2010 and grew it from a motorbike ride-hailing phone service to an on-demand transportation app that matches Uber in Indonesia.
In August 2016, the firm raised $550 million from private financiers at a $1.3 billion valuation. Go-Jek, runs in 50 cities throughout the nation and consists of food-delivery and e-payment services, is apparently in talks of raising an additional $1.2 billion in a round led by Chinese Internet titan huge Tencent at a valuation of $3 billion.
Makarim obtained an M.B.A. from Harvard and worked as an associate at consulting company McKinsey prior to delving into the Indonesian startup world. According to sources, his stake in the company could be as high as 10 percent.
Setiawan started back in 1992 trading prepaid phone-cards from a small, two-square meter stall. Now his publicly-traded PT Tiphone Mobile Indonesia is the biggest pre-paid phone-card supplier in the nation, with over 450 outlets and $2 billion in earnings. Hengky, who holds around 50% of the business with his siblings Welly and Ferry, net worth an approximated $280 million.
In college, prior to getting into the cellphone industry, he worked as a car parts salesman as a side business. Today, he is the Chairman of Aston Martin Owners Club Indonesia, and possessed 73 Mercedes-Benzes, 2 Harley Davidsons and dozens of classic Vespas.
In 1967, his father established a little jewelry store in Jakarta's oldest market. After graduating from Parahyangan Catholic University in 1990 with a degree in civil engineering, Stefanus Lo got in the family business and transformed it into PT Central Mega Kencana, the biggest jewelry retailer in Indonesia, with $148 million in earnings in 2016.
The company owns 4 brands that would accommodate to an array of income groups, from middle to high-end buyers: Frank & Co, Mondial, Miss Mondial and The Palace. In November 2017, the business commemorated the launching of its 50th outlet.
Lo is worth an approximated $200 million and he intends to take Central Mega Kencana public in the near future.