⬅ # 27 Jeff Yass|# 29 Tadashi Yanai ➡

# 28 Prajogo Pangestu 

$49.8B

Real Time Net Worth
as of 10/13/2024
$1.3B (2.57%)

# 28 Prajogo Pangestu 

$49.8B

Real Time Net Worth
as of 10/13/2024
$1.3B (2.57%)
OccupationFounder, Barito Pacific Group
Source of WealthPetrochemicals, Energy
Age80
ResidenceJakarta, Indonesia
Marital StatusMarried
Children3
Age-Adjusted Net Worth$12.9B
Prajogo Pangestu
Prajogo Pangestu
Indonesia
Net worth: $49.8B

Self-Made Score 

Breitling Superocean 46 Automatic Black Dial Men's Watch

Wealth History

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Biography

Prajogo Pangestu was born on 13 May 1944, in Bengkayang, West Kalimantan, Indonesia.
He hails from a Hakka family originating from Guangdong, China.
Pangestu attended Chinese schools in Indonesia and relocated to Jakarta in 1965.
In 1970, he joined Burhan Uray's timber company Djajanti Group and became the general manager of PT Nusantara in 1976 under Uray's appointment.
Pangestu left Djajanti in 1977 to establish his own business.
One of Prajogo's controlled companies, PT Barito Pacific Timber Tbk, was the largest company on the Jakarta Stock Exchange as of 1993.
In 2007, the company dropped the word 'Timber' to reflect its diversified business scope.
Apart from PT Barito Pacific Tbk, which controls Indonesia's largest petrochemical producer (PT Chandra Asem Petrochemicals Tbk), Pangestu also oversees Star Energy, a major oil & gas, and geothermal company in Indonesia.
Chandra Asem Petrochemicals and Star Energy are the two main business subsidiaries of Barito Pacific.
As of 2009, Barito Pacific owns the Transpacific Group, holding an 80% stake in Transpacific Railway Infrastructure.
In March 2022, Pangestu's private Singapore-based company, Green Era, acquired 33.33% of Star Energy from Thailand’s BCPG for $440 million.
Pangestu, who already owned 66.6% of Star Energy, gained full control of the company through this acquisition.

Prajogo Pangestu's Wealth is Equivalent to:

38,314,088 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

9,417,219 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

508,662 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Prajogo Pangestu?

If you started with $10,000 and invested an additional $500 each month at a 43.87% CAGR, it would take you 5 years to reach Prajogo Pangestu's net worth of $49.8B.

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 60.76% compared to 22.93% for the S&P 500 benchmark.

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

Prajogo Pangestu 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 Prajogo Pangestu, Petrochemicals and Energy 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.

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Edited by: Lee Bailey