APSN | 40 richest Indonesians control Rp 1.62 quadrillion in assets

Home > South-East Asia >> Indonesia

40 richest Indonesians control Rp 1.62 quadrillion in assets

Jakarta Post - December 28, 2017

The 0.1 Percenter: Millionaire households control half of Indonesia's wealth – Jakarta Globe. June 21, 2017
Government to reform tax to fight widening inequality – Jakarta Post. February 24, 2017
Wealth of four richest Indonesians equal to wealth of 100m poorest – Jakarta Post. February 23, 2017
Indonesia's four richest men worth as much as poorest 100 million – The Guardian. February 23, 2017
Indonesia among world's most unequal countries as richest 1% owns 49.3% of nation's wealth: study – Coconuts Jakarta. November 29, 2016

Jakarta – The combined wealth of Indonesia's 40 richest people in 2017 reached Rp 1.62 quadrillion (US$119.2 billion), according to Megawati Institute executive director Arief Budimanta.

"The wealth of the 40 Indonesians grew by 23 percent. The wealth of the richest Indonesian man increased by 39 percent. Meanwhile, [Indonesia's] gross domestic product [GDP] grew by 6 percent, while GDP per capita grew by 4 percent," he said in Jakarta on Wednesday at a discussion titled, "The Danger of Economic Oligarchy," as reported by kompas.com.

He said the wealth of the 40 richest Indonesians reached $92.91 billion in 2016, $95.7 billion in 2015 and $86.78 billion in 2014.

The Megawati Institute calculated their assets by using a material power index (MPI) developed by Jeffrey Winters.

Their wealth is 584,478 times the wealth of an average Indonesian. This means that the Indonesia's MPI is at 584,478, while Malaysia stands at 152,926, Thailand at 499.117, South Korea at 499.117 and Singapore at 46,825. (bbn)

Source: http://www.thejakartapost.com/news/2017/12/28/40-richest-indonesians-control-rp-1-62-quadrillion-in-assets.html.