Prajogo Pangestu
$24.8B
Born
May 13, 1944
Age
81
Source of Wealth
Petrochemicals, energy
Residence
Jakarta,
Citizenship
Indonesia
Marital Status
Children
0
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 petrochemicals firm Chandra Asri, which also trades on the Indonesia Stock Exchange.
- 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.
| Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
|---|---|---|---|---|---|
| INDONESIA | BRPT-ID | Barito Pacific Timber | 73,049,000,000 | 0.10 | IDR |
| INDONESIA | BREN-ID | Barito Renewables | 23,521,289,000 | 0.36 | IDR |
| INDONESIA | TPIA-ID | Chandra Asri Petro | 3,616,281,000 | 0.62 | IDR |
| INDONESIA | CUAN-ID | Petrindo Jaya Kreasi | 8,596,701,000 | 0.74 | IDR |