Rank #206
Low Tuck Kwong
Net worth $14.4B
Coal · Indonesia
- Born
- Apr 17, 1948
- Age
- 78
- Source
- Coal
- Residence
- Jakarta
- Citizenship
- Indonesia
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- 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.
Financial assets
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