Low Tuck Kwong
$24.4B
Born
Apr 17, 1948
Age
77
Source of Wealth
Coal
Residence
Jakarta,
Citizenship
Indonesia
Marital Status
Married
Children
2
Education
- Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia.
- He also controls Singapore's renewable energy company Metis Energy (formerly known as Manhattan Resources) and has interests in The Farrer Park Company and Samindo Resources.
- Low is backing SEAX Global, which is building a submarine sea-cable system for internet connectivity linking Singapore, Indonesia and Malaysia.
- Low worked for his father's construction company in Singapore as a teenager and then moved to Indonesia in 1972 for greater opportunities.
- In August 2024 he transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine.
- Low thrived as a building contractor but hit the jackpot after buying his first mine in 1997.
- The animal lover has sponsored a zoo with gibbons, sun bears, peacocks and orangutans.
- In 2019, Low Tuck Kwong donated $7 million to Dana Lestari ITB, an endowment fund of the Bandung Institute of Technology.
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