⬅ # 748 Luo Liguo|# 750 Yu Renrong ➡

# 749 Lim Hariyanto Wijaya Sarwono 

$4.38B

Real Time Net Worth
as of 7/1/2024
-$40.6M (-0.93%)

# 749 Lim Hariyanto Wijaya Sarwono 

$4.38B

Real Time Net Worth
as of 7/1/2024
-$40.6M (-0.93%)
OccupationOwner, Harita Group
Source of WealthPalm Oil, Nickel Mining
Age95
ResidenceJakarta, Indonesia
Marital StatusMarried
Children7
Age-Adjusted Net Worth$409.96M
Lim Hariyanto Wijaya Sarwono
Lim Hariyanto Wijaya Sarwono
Indonesia
Net worth: $4.38B

Self-Made Score 

Wealth History

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Biography

Overview

Lim Hariyanto Wijaya Sarwono is a billionaire known for his extensive business ventures in Indonesia, primarily through the Harita Group, a conglomerate his family owns and controls.
He gained wealth through various sectors including palm oil, nickel mining, bauxite mining, coal, timber, and property development, with key holdings in companies like Bumitama Agri and Cita Mineral Investindo.
Lim's father, Lim Tju King, founded the Harita Group in 1915, starting with a small trading shop in East Kalimantan, Indonesia.

Early Life and Family Roots

Lim's father emigrated from China to East Kalimantan and established a small grocery store in 1915, laying the foundation for the family's business empire.
Lim Tju King, Lim's father, started the Harita Group, which Lim later expanded and diversified into various industries.

Business Expansion

In the late 1980s, Lim Hariyanto rapidly expanded the family business through joint venture partnerships, particularly in timber, gold mining, and coal mining.
The Harita Group diversified into palm oil plantations in 1998, followed by bauxite mining in 2003, and nickel mining in 2004, further expanding their portfolio.
They ventured into alumina refining in 2013 and ferro nickel production in 2015, completing both projects by 2016, marking significant milestones in Indonesia's industrial landscape.

Key Business Ventures

Palm Oil Division: Bumitama Agri, a palm oil producer, was listed on the Singapore Exchange in April 2012, garnering recognition for its corporate governance, social responsibility, and investor relations.

Bauxite Division: The Harita Group invested heavily in bauxite mining and alumina refining, with a fully operational refinery producing 1 million tons of alumina per year.

Nickel Division: Investments in nickel mining included a significant project to build a nickel smelter and power plant, along with Indonesia's first HPAL refinery for electric vehicle battery materials.

Other Businesses: The conglomerate expanded into coal mining, timber, and property development, partnering with international firms and venturing into diverse sectors.

Family Involvement

Lim's son, Lim Gunawan Hariyanto, serves as CEO of the Harita Group, overseeing its diverse portfolio of businesses.
Lim's daughter, Christina, holds the position of executive director at Bumitama Agri, contributing to the family's prominence in the palm oil industry.

How long would it take you to become as rich as Lim Hariyanto Wijaya Sarwono?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Lim Hariyanto Wijaya Sarwono's net worth of $4.38B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Lim Hariyanto Wijaya Sarwono is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Lim Hariyanto Wijaya Sarwono, Palm Oil and Nickel Mining are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey