Prajogo Pangestu
$41.6B
Born
May 13, 1944
Age
81
Source of Wealth
Petrochemicals, energy
Residence
Jakarta,
Citizenship
Indonesia
Marital Status
Married
Children
3
Education
- Son of a rubber trader, Prajogo Pangestu got his start in the timber business in the late 1970s.
- His company Barito Pacific Timber went public in 1993 and changed its name to Barito Pacific after cutting back on its timber business in 2007.
- In 2007, Barito Pacific acquired 70% of listed petrochemicals firm Chandra Asri, which spun off its subsidiary Chandra Daya Investasi to trade on the Indonesia Stock Exchange in 2025.
- In 2011 Chandra Asri merged with Tri Polyta Indonesia and became one of the country's largest integrated petrochemicals producers. In the same year Thaioil acquired a 15% stake in Chandra Asri.
- After taking his coal mining firm Petrindo Jaya Kreasi public in 2023, Pangestu listed renewable energy arm, Barito Renewables Energy, later in the year.
- Chandra Asri Petrochemical teamed with French tire manufacturer Michelin in 2015 to develop a synthetic rubber plant in Indonesia.
- In 2022, the Pangestu family office took control of thermal energy producer Star Energy, by acquiring a 33% stake from Thailand's BCPG for $440 million.
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