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Grizzly Bulls’ Billionaires Index

⬅ # 609 Suhon Lin|# 611 Peter Gilgan ➡

# 610 Tahir 

$5.29B

Real Time Net Worth
as of 6/29/2024
$29.8M (0.56%)

# 610 Tahir 

$5.29B

Real Time Net Worth
as of 6/29/2024
$29.8M (0.56%)
OccupationFounder, The Mayapada Group
Source of WealthDiversified
Age72
ResidenceJakarta, Indonesia
Marital StatusMarried
Children4
EducationMBA, Golden Gate University; BS, Nan Yang University
Age-Adjusted Net Worth$2.35B
Tahir
Tahir
Indonesia
Net worth: $5.29B

Self-Made Score 

Wealth History

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Biography

Overview

Tahir, born Ang Tjoen Ming, is an Indonesian billionaire known as the founder of the Mayapada Group, a conglomerate with interests in banking, healthcare, and real estate.
He gained wealth through astute business ventures, starting with small trade businesses during his studies in Singapore and later establishing The Mayapada Group in 1986, expanding it across various sectors.

Early Life and Education

Born in Surabaya, East Java, in 1952, Tahir grew up in a slum area, raised by parents who worked as pedicab constructors.
Graduated from Petra Kalianyar Christian High School in Surabaya in 1971.
Initially aspired to become a medical doctor but dropped out of college to assist his sick father with the family business.
Received a scholarship to Nanyang Technological Institute in Singapore, earning a Bachelor's degree, and later pursued a Master's degree in financial education from Golden Gate University in California.
His educational journey spanned across different continents, reflecting his determination and adaptability.

Business Career

Started small trade business during his studies in Singapore, laying the foundation for his later ventures.
Established The Mayapada Group in 1986, initially focusing on garment and textile manufacturing.
Expanded the group into various sectors including finance, automobiles, health, and media.
Mayapada Bank survived the 1997-98 Asian monetary crisis due to conservative financial practices, distinguishing it from other collapsed banking corporations.
Built partnerships and investments across sectors, demonstrating business acumen and resilience.

Philanthropy

Contributed over US$100 million to the Bill & Melinda Gates Foundation in 2013, supporting efforts to combat major diseases such as HIV/AIDS, Tuberculosis, polio, and malaria.
Established the Tahir Foundation, making significant charitable donations to healthcare, education, legal reformation, and social welfare programs.
His philanthropic endeavors demonstrate a commitment to addressing pressing societal issues both locally and globally.
Donated $1 million to the University of California, Berkeley, for international student fellowships in the MBA program, showcasing support for education and international exchange.
His contributions reflect a deep sense of social responsibility and a desire to make a meaningful impact.

Mayapada Group

Founded in 1986 by Tahir, initially focusing on garment and textile manufacturing before diversifying into banking, healthcare, and real estate.
Mayapada Bank, established four years later, survived the 1997 economic crisis and expanded with over 100 branches across Indonesia.
Diversified portfolio includes partnerships with Duty Free Shoppers and property developments like office towers in Jakarta and Bali, and the Mal Bali Galleria mall.
Active in the healthcare sector with Mayapada Hospital and ongoing projects, reflecting a commitment to providing essential services.
Tahir's leadership in the group contributed to its resilience and growth, establishing it as a prominent player in Indonesia's business landscape.

Personal Life and Achievements

Married to Rosy, daughter of Indonesian tycoon Mochtiar Riady, highlighting connections within Indonesia's elite business circles.
Appointed to the Presidential Advisory Council by President Joko Widodo, showcasing recognition for his expertise and influence.
First man from Southeast Asia appointed to the board of trustees at the University of California, Berkeley, underscoring his international recognition and achievements.
Received an honorary doctorate from the University of Surabaya in 2008, recognizing his contributions to business and philanthropy.
Resides in Jakarta with his family, maintaining ties to his roots while leading a globally influential business empire.

How long would it take you to become as rich as Tahir?

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 Tahir's net worth of $5.29B.

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

Tahir 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 Tahir, Diversified is the primary source. 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