Aburizal Bakrie

Dec 14th, 2007, in Business & Economy, by

Aburizal Bakrie is Indonesia's richest man.

Forbes Asia list of Indonesia's richest men and families, the top ten: forbes

  1. Aburizal Bakrie and family (Bakrie Group): $5.4 billion
  2. Sukanto Tanoto (April and Asian Agri): $4.7 billion
  3. R. Budi Hartono: $3.14 billion
  4. Michael Hartono (Budi and Michael Hartono, part owners of Djarum and BCA): $3.08 billion
  5. Eka Tjipta Widjaja and family (Sinar Mas Group): $2.8 billion
  6. Putera Sampoerna and family (Sampoerna Strategic): $2.2 billion
  7. Martua Sitorus (Wilmar International): $2.1 billion
  8. Rachman Halim and family (Gudang Garam): $1.6 billion
  9. Peter Sondakh (Rajawali Group): $1.45 billion.
  10. Eddy William Katuari and family (Wings Group): $1.39 billion

Last year Aburizal Bakrie, the Co-ordinating minister for the Peoples' Welfare, came in at sixth, with wealth of $1.2 billion, and Sukanto Tanoto led the rankings.

Aburizal Bakrie
Aburizal Bakrie.

Vice-president Jusuf Kalla ranks 30th while Bambang Trihatmodjo is at 33rd.

In general Indonesia's richest men have seen huge gains in wealth on last year, with their combined net worth rising to $938 billion, up from $575 billion in 2006, which Forbes says is due to strong equity values and healthy real estate markets, as well as the weak dollar.


70 Comments on “Aburizal Bakrie”

  1. avatar Dragonwall says:

    Regarding this guy Fadel Mohamad, there are birds of the same feathers flocked together. The airpot contract, the container yard and shipping, all the same ole KKN orienteated corruptors during the Soeharto era and how. A transition brought over from old to new. And now he is the governor of Gorontalo. What contribution to the society he has?

  2. […] and generally unlicensed in Indonesia. And PLEASE, PLEASE, PLEASE keep a safe distance from that Bakrie […]

  3. […] working as Minister of People’s Welfare (oh the Engrishness), and ironically is identified as Indonesia’s richest person according to […]

  4. avatar Deng Xiao Phing says:

    how can one pribumi person able to secure mining area concession as big as the asset of KPC, BUMI RESOURCES, ARUTMIN, etc … etc …. ? yet the Porong mud flow was declared by Indon gov’t as ‘natural disaster’ ??

  5. avatar Ningsih says:

    What next will be?

    I guess Bakrie not just want to be minister but more than that. Using his money to pay people to choose him become president will be possible for him. Why not? Most of people in Indonesia are poor and easily influence by his money. “Indonesia people” let think clever. Don’t choose him.

    He never even solves Porong drill disaster. Very shame of him. What should he wait?
    Where is our President’s voice? Hi SBY, are you afraid of him ? Don’t be BS.

  6. avatar Tony says:

    Bakrie is only a front for the real owners of KPC. If you never had to pay your debts back to anyone then you would be rich too–add to that, a ministerial appointment and you can do what you want. It is pretty evident that Sidoarjo was a “man-made” disaster. What is not evident is why no one will touch Bakrie–he may be in line to the next president of this place. God help us all.

  7. avatar Janma says:

    One thing I just don’t understand is that ministers are not supposed to be involved in business, but it’s all just words words words, because bakrie does business and he is a minister… plus he was almost bankrupt when he started as a minister and yet now is one of Indonesia’s richest men?! What happened to the assets tests they make such a fuss about when installing these criminals as ministers? They do it at the beginning but does anyone ever hear of them re-assessing the assets at their end of term? It’s not clear and I really want to know…. or was it just rhetoric?

  8. avatar Cukurungan says:

    plus he was almost bankrupt when he started as a minister and yet now is one of Indonesia’s richest men?! What happened to the assets tests they make such a fuss about when installing these criminals as ministers? They do it at the beginning but does anyone ever hear of them re-assessing the assets at their end of term? It’s not clear and I really want to know…. or was it just rhetoric?

    Bu Janma,

    It is only the matter of choice as Rakyat Indonesian our choice is limited whether we like or not we have to make choice either Chinese Cukong like Om Liem and Sutanto Tanoto or Brown Man Cukong like Bakrie to run our business, indeed non of them is good boys but at least we believe that Bakrie will not bring his money to Singapore or Fukian.

    FYI, when Bakrie almost collapse some our countrymen give him a money machine of Lasmo Energy Concession ( now PT Energy Mega Persada) almost for free.

    I agreed that Lapindo Mud disaster is mostly manmade mistake but frankly I still thank to God, imagine if Lapindo owner is Om Liem or Sukanto both gentlemen would simply walk way to Singapore and abandon Sidoarjo People like what they did during BLBI case .

  9. avatar Janma says:

    I agreed that Lapindo Mud disaster is mostly manmade mistake but frankly I still thank to God, imagine if Lapindo owner is Om Liem or Sukanto both gentlemen would simply walk way to Singapore and abandon Sidoarjo People like what they did during BLBI case .

    yeah right cuk, and bakrie is doing so much for them…. somehow they could spend 3 trilyun to bribe the DPR to declare porong national disaster, but they can’t help people who have lost everything due to their stupid irresponsible mistakes.

  10. avatar Raden says:

    if Lapindo owner is Om Liem or Sukanto both gentlemen would simply walk way to Singapore and abandon Sidoarjo People like what they did during BLBI case .

    or maybe you share the BLBI’s money in your bank account cuk ? ‘ kecipratan’ in english

  11. […] “Aburizal Bakrie is Indonesia’s richest man.” Setidaknya neh tagline dari situs Indonesia Matters dan secara masalah si Om dengan penduduk Sidoarjo saja belum kelar, malahan penduduk mau kasih kado. […]

  12. avatar Andrew says:

    Janma Says:
    June 2nd, 2008 at 12:23 pm

    One thing I just don’t understand is that ministers are not supposed to be involved in business, but it’s all just words words words, because bakrie does business and he is a minister…

    Comment:

    Before Abu Rizal Bakrie decided to become involved in politics, he already resigned from all his positions in all his companies. However, that does not mean that he cannot own something that he already has. So, now..he only owns shares….Anyone has the right to own something, right ?

    Where have you been dear ? Haven’t you read the news ? Bakrie’s resignation was announced publicly…I think around late 2003 .

  13. avatar RADEN says:

    I think Indonesian democracy system is transforming toward the USA liberal model. Similar to a conglomerat politician Dick Cheney who controls Halliburton and in the same period of time using his political power to gain control over Iraq’s wealth to win oil exploration at the expense of Saddham Husein regime and the Iraqi’s blood.

    If a person posses $5.4B size of business which is approx = 3 % Indonesia total GDP, I think the size of his possession is at alarming level if he has power in cabinet that surely conflict of interest are on the political agenda. Don’t you agree with me on the similarities between Dick and Abu ? what is the difference ?
    Si Abu could resigned from his job but his sons are the successor in top position of $5.4B empire

    why RAPBN (uang rakyat) shall cover the damages of Porong disaster ?
    why Iraqi’s people blood must contribute to the Halliburton’s profit in the bigger scale ?

  14. avatar okurata says:

    I really proud that local Indonesian become rich men in their own country. We need more Aburizal Bakrie in Indonesia so that we can say ” Hidup Pribumi”. Compare to other rich men people who sell “nicotine” to the young people or somebody else who are now run from Indonesia and lives in Singapore…Bakrie Family still better.
    Selamat pak Aburizal….maju terus pak….problem always there but I believe you can solve it……

  15. avatar dragonwall says:

    problem always there but I believe you can solve it……

    How many of them are there out there?

    And he prefers to spend money by bribing the Parliament and asking the Indonesian Government to pick up the tab in the Porong disaster?

    Must be the one of a kind hero you admire.

    Ya maju terus..dengan KKN.. maju terus dengan korupsi.. Matilah Indonesia!

  16. avatar dragonwall says:

    Ya forget something, do you prefer someone to cause disaster to thousands of poor people or someone that had eradicated communism from Indonesia?

    I guess not because it is ok.u..sama…dengan….rata

  17. avatar raden says:

    I really proud that local Indonesian become rich men in their own country. We need more Aburizal Bakrie in Indonesia so that we can say ” Hidup Pribumi”.

    statement apaan nih ? mendewakan cukong Bakrie … for me cukong kuning atau cukong cokelat atau cukong putih biru kek … so long dapetnya illegal we should take his accountability to public.
    Pantes aja kita kagak maju2 , pikiran nya penuh dg iri hati , malas , dengki , mau nya cepat kaya … nanti dikatain ‘inlander’ marah lagi , dasar …

    mana janji Patung, katanya mau menghapus komentar yg tak bermutu spt punya Oh KeningkU RATA …

  18. avatar dragonwall says:

    Results from the conference in London released on 22nd October 2008 declared that PT Lapindo Brantas INC had lied to the public.

    Gerakkan Menuntut Keadilan Korban Lapindo had confirmed with geologist Richard Davies LUSI to be the result of volcanic mud being remobilizing the sediments million of years ago, to be untrue.

    Richard Davies confirmed that the mud was the result of such drilling.

    Check this out at berpolitik.com

    There were collusion between him and the government.

    Reports of Aburizal Bakrie meeting President SBY was seen by many as Order Baru Sejati similar to that Angkatan 66’s support for Suharto and Reformasi 98 supporting SBY.

    Sri Mulyani said it would be better for Bakrie to fall than many others to suffer. But she failed to stop the support of Bakri by SBY because SBY was indebted to him.

    After she failed to stop the bid, Bakrie quietly dispose of shares to foreigners at a great loss because of fear of peoperty being seized by the government. Shares sold to Indonesian coordinated by Mentri BUMN and Sekneg would be honey sweet for Bakrie.

    I quote Sri Mulyani saying PINJAMAN MACET BAKRIE ADALAH MENJADI MAKIN KAYA LAGI BUKAN UNTUK KESEJAHTERAAN RAKYAT.

    WADUH KOLUSI BESAR BESARAN DALAM PEMERINTAHAN INDONESIA. YA…

    Didn’t I say that how could a government official transform his asset of 2.3 billion into 5.4 billion in2 years seems magical, don’t they?

    PANTESAN KORUPSI, KOLUSI DAN NEPOTISM, SERTA PENGHIANAT NEGARA, MALING BESAR.

    He should be treated as though Yusril by disgracing him in public of his actions that causes such distress to the public and the victims of Porong.

  19. avatar raden says:

    ha ha .. on Dec 14th 2007 I hailed Bakrie as one of the richest Indonesian conglomerat, on Dec 2008, he is no longer the richest one. I was dreaming if in 2007, Bakrie donated his US$2B to compensate the Porong victims (out of his $5B ++ wealth), he surely will never go bust.
    God is great (Allahu Akbar), the God know how to punish the sinful ones

  20. avatar dragonwall says:

    Nope. He is lobbying with SBY to see how Indonesian Government could help him absorb the loss. He is more than happy to spend 100 to 200 million to stuff in their pocket rather than to cough up at least 2 billion in the clean up.

    Just imageine when the Indonesian Government were to put the money into the use of educating and feeding the poor, I am sure many Indonesians will be more happy.

    If this Abu is as religious as he always claims to be then he should be cleaning up the mess by atoning to his misdeed and ill gotten corrupt moeny that he transformed from 2 billion into 5 billion US in 2 years. Then that would probably have help him atone to his sin.

    The Indonesian Government in the eyes of the general public on the Porong mishap with all the evidence proven that it is the fault of his company together with the lies that he had made to the public theen, it is about time that the Government take action by freezing his account and disgrace him being involve in business while in public office like what happened to Yusril.

    The we will see how he could transformed from the rest of his money and see if he could “sulap” that into another 10 billion. If he could then I would say that he is clean not otherwise.

    Being a minister of Social welfare what has he done? Besides contributing those abestos house to the tsunami victims in Aceh when they refused to accept the low quality housing that the Acehnese consider to be health hazard and had them all destroyed, he had not show anything that he is concern about the welfares of the poor in Indonesia.

    Come on RI wake up. Take some action.

    SBY may have felt indebted to him, but I don’t think so after he had this ABU installed as Minister. That is more than enough. If a President is going to feel that because of a small contribution to his campaign is going to put the country in jeopardy than he rather not be the President.

  21. avatar raden says:

    Why so quiet now? Hey wake-up, why there are no one hail Abu Bakrie now? Oh … his assets are now worthless, the shares prices are tumbling like closet tissue papers … where are those people (for example OKURATA, CUKURUNGAN) who hails Bakrie? The one and only one successful pribumi conglomerate? Blah blah … only stupid Indonesian hails Bakrie, now we know his business practices, non professional & ‘pake ilmu pat-gu-lipat, tutup lobang gali lobang, rame2 kayak salome’ … hore … we are all proud of you. Kapan bisa maju nih Indonesia raya?

  22. avatar dragonwall says:

    I guess those people only judge people like the ABU by book value. Otherwise there is no way to hail a national hero.

    I was wondering why he made himself from Head of Kadin to Social Welfare Minister. I think many had failed to see the potential.

    If one were to take a closer look at all other ministry, this minstry is one that is immune and cannot be trace where the money goes or how much.

    There are many who also thought that his communications company is the one that escalate him to such a height in a slackening Indonesian economy seemed a very good scheme to camouflage his misdeed.

    At the the British were fair enough to have expose what happened in Porong perhaps that knowing it would have ended up in a bigger cover up.

    If to compare ABU and Jusuf Kalla they are almost one of a kind. But comparing them to people like Peter Gontha, Rosano Barrack and Bambang the difference is quite clear.

    These two person have one thing in common. They were the ones to have capitalized on the situation prior and post 98 May riot by making public announcement urging the under educated Indonesians that it is right for ABU to say “BAGI BAGI HART ORANG CINA” and for JUSUF to say ‘MAU DI HINA ATAU MAU DIKEJAR DAN DIBAKAR”.

    I also think that it is about time that Indonesians really understand that sweeping the dirt under the carpet will not make Indonesia any cleaner.

    If there is someone who is willing to take the risk, at all cost, to bring those people to Justice and forego the present temptation of greed, things could make a better turn and enable others to give a better evaluation that Indonesian is really seeking a change for the better and not corrupt government.

    It has long been reported since Soeharto era to eradicate KKN. But it’s only been said and nothing seemed to change at all.

    They make a lot of noise and cool off.

    In the US, a senator makes a public sppech by saying “he hope to see the price of gas drop to 1US or 1.50 and now we are seeing 1.75 per gallon. A huge drop from 4.90 per gallon.

    So can Indonesia do that? Make a public speech that will create an impact for the whole business sector to wake up for a cause?

    Chances are very unlikely.

  23. avatar DXP says:

    Hi Indonesia indigenius people (bumi putera), do you feel shameful now after facing the situation which no one of your home grown conglomerate do have the international corporation reputation like Lenovo, PetroChina, CNOOC, Bao Steel, etc etc ….
    Shameful ? lose face ? oh … hail Bakrie one more time ? this is the root cause problem for a developing country like Indon who never take public responsibility/accountability for corruption, nepotism & collusion acts on behalf of political party. Indon will never be as big as China, Indon do not need liberal democracy system but Communism system is more suitable

  24. avatar dragonwall says:

    Where that Cuky fella.

    I guess he is in awes when he actually sees the report made public that this ABU and his goons were lying to his dear beloved Indonesian comrade with his “kongko berat” version of getting rich quick.

    This moment it was the NUSA Bank and then the next moment it was th BUSA BANKRUPT.

    Walks himself into KADIN and start to dictate business people who are far more skillful then him.

    He then walks away into Menteri Kesejahteraan.

    Suddenly the rakyat becomes so poor with hiper inflation and low income. He’s got his junk bond on his drilling scheme and out of the blue moon the Indonesian government is poorer with billions in cover up coupled with the billions he stole from the coffer.

    Enak..benar.. Ya yang penting uang masuk kantung gua dulu, lu miskin mana ada urusan saya. Gak apa apa nanti pemerintah Indonesia ganti rugi.

    Now it’s show time. The prudence and diligence of the SBY government lies within this decision whether or not to indict this ABU for perjuring the Government as a Minister, lying to the public deceiving them of their money they lost in their shares.

    If SBY is going to felt indebted to this ABU then his future is clear as the morning dew.
    BLEAK.. EVEN WITH THE NEXT PRESIDENT ELECT.

  25. avatar Purba Negoro says:

    Kongko berat is Chinese business culture.

    Personally, I am not very clear on what the true issue is with Bakrie – all I know he borrowed heavily to expand rapidly- in my view too rapidly too soon.

    I personally think Medco will take over Bakrie completely.

    Bakrie’s Lapindo mess has really annoyed very powerful people including Mbak Tutut who owns the tollway- and of course very big charity to these poor of Porong and Central Java.

    It is a very bad disaster
    BUT

    Nothing like the cancer hamlets and Sanlun melamine milk of China.
    Caught again playing the typical Chinese game of profit at any cost.
    The world is tiring of the global People’s Communist Walmart state of China – especially with its’ military pretensions- who will annoy even momentary ally Russia- whom, do not forget the Chinese lost a border war to – with Soviets gaining more territory.

    And what of the issue of China building hundreds of cheap nuclear plants- will the West tolerate the massive pollution potential- especially considering Chinese infamous habit of skimping on quality materials and very poor quality control?

    DXP- according to Wall Street Journal- China is approaching recession with worst economic figures in ten years.
    China is essentially an export driven economy with very minimal domestic economy contribution to GDP.
    That being the case- in an EU and US recession- no-one will be buying the cheaply produced Chinese products- hence it’s own very biased export economy will suffer.

    Also- Chinese B2B wholesale prices increased only 10% and this was enough to drive some Western businesses back to Thailand and Vietnam- with many more warning of possible moves if it increase above 30%.

    Hardly a strong model economy if so heavily dependent n very weak artificially depressed component prices.

    Then the issue of product trust- the lead paint, the melamine milk, the formaldehyde meat- no one trust Chinese product anymore.

    Lenovo was already big when China bought it- you cannot claim that one.
    Bao Steel- yes enormous- but for how long before the West pressure China to close the enormously polluting smelter?
    How long before Mittal Steel can out compete with higher quality goods – that are trusted?

    PetroChina is a tiny company in comparison to the oil majors. Petronas is more well known to Westerner.
    PetroBras is much stronger with better capitailsation and its’ own fields.
    China has minimal own oil resource and its’ own coal to gas and oil liquefaction technology is well behind international standards.

    And compare PetroChina to Gazprom or anything Russian.
    Very unfavourable comparison indeed.

  26. avatar dragonwall says:

    If this is what you think by saying

    Kongko berat is Chinese business culture.

    Then I suggest you go deeper into the political elites and see what they say because you really knows nothing about these business collusion.

    Nothing like the cancer hamlets and Sanlun melamine milk of China.

    You kept repeating these stuffs like overnight stale breakfast and forgeting that the big companies manufacturing milk powder are also found to contain melamine and not just China.

    Then the issue of product trust- the lead paint, the melamine milk, the formaldehyde meat- no one trust Chinese product anymore

    I am just wondering when will you stop these repetition on your stupid nonsense that is taking up so much space.

    Here we are referring to the BIG TIME CORRUPTION, COLLUSION with the infamous Indonesian version of KKN brought to light.

    Bakrie’s Lapindo mess has really annoyed very powerful people including Mbak Tutut who owns the tollway- and of course very big charity to these poor of Porong and Central Java.

    You think so? Annoying? You piece of shit.

    IT IS THE INTEGRITY AND DIGNITY OF A COUNTRY UNDERSTAND.

    An almost bankrupt businessman who turned politician suddenly became so rich in paper value created a mess while in Office and getting the country to pay for the mistake his company create and go on to lie to the public about the whole issue and later proven he had been lying.

    So is the Indonesian Government cleaning up a mess with a clean unpolluted cause? Or is that someone trying to blackmail the President into giving in to his demands.

    Go continue to lickspittle these what your so called national heroes and continue to play the KKN game with them. I do suppose they pay you to create a smoke screen don’t they.

    One more thing, if you continue to Chinese this and Chinese that stuff, you will see me there to ticked you off. I won’t just simply walk by.

  27. avatar Cukurungan says:

    Indon will never be as big as China, Indon do not need liberal democracy system but Communism system is more suitable

    What does it mean become a citizen of big country, if you have to drink melamine milk, eat fake egg, death under underground mine blast, stay in small apartment and have only one kid….I prefer to become Indon Citizens who could have many wives and kids, drink real milk, eat ayam kampung and some time ayam kota…in case you do not know….. .. tarif pijat plus-2 at Grand Comfort mangga besar is only range 100-200 ribu rupiah…hehehe

    Where that Cuky fella.

    I guess he is in awes when he actually sees the report made public that this ABU and his goons were lying to his dear beloved Indonesian comrade with his “kongko berat” version of getting rich quick.

    Koh Dragon,

    We did not surprise at all with those report because we are fully aware that Bakrie is neither Saint nor God Messenger who will save Indonesia but He is only a lesser evil we have chosen to live with. Anyway, Bakrie is much better than 15 members of BLBI gangs criminal who lives on hiding in Singapore or Fukian.

  28. avatar dragonwall says:

    I thought you were among the one to have4 high praise for this guy whom you consider to be a lesser evil to live with.

    We did not surprise at all with those report because we are fully aware that Bakrie is neither Saint nor God Messenger who will save Indonesia but He is only a lesser evil we have chosen to live with. Anyway,

    And by saying that

    Bakrie is much better than 15 members of BLBI gangs criminal who lives on hiding in Singapore or Fukian.

    You give every one in the blog a puke. There are many of them in the same category as this ABU and yet you choose to ignore the fact by constantly bringing up 15 members of the BLBI gangs criminal.

    You remind me of those inang inang who pretend that they are standing but actually piss standing whereas you piss squatting. If these people are really guilty as they have been without any such collusion with people from BI, Indonesia is most welcome to get them back and have them indicted. But first Yusril and then this ABU. You can’t proof these people are as guilty as many speculated. The involvements of these people were part of a greater crime committed by people in the BI themselves. So the pot don’t call the kettle black.

    If you feel that the Singapore goverment are protecting them then you should do more homework. It should be consider that there were no concrete evidence linking them to those crime that Indonesia were not able to touch them. Since they have their investments in Singapore I am sure they want to protect them from being persecuted for no apparent reason.

    Give you an example. Tommy and Eddy Tansil. Everyone knows that was his project and he was also the one to make and took the loan. When the company was investigated his name suddenly disappear from the scene like it had been whitewashed. Then Eddy became the scapegoat with the Indonesian authorities holding his family members at ransom.

    Is there any government that hold a suspect’s family member/s at ransom? In the open world it is only Indonesia that does that. Why because of those people who are inefficient and thinking that the only way out is to hold these people hostage to force the suspect to surrender.

    Do you think it is kind of LOW for law enforcement personnel to do that? It shows the sheer inefficient on their part. And these are some of those persecution that they are being subjected to that should not have happened in any democratic society.

    I do understand that Eddy could have pay through his nose to get out of Indonesia and I am very sure if it was you, you would have done the same thing. Save the rouble of rebutting. Because your arguments will then become invalid. Any person knowing what the oucome will be should have done that, bar none and f**k the Indonesian Law enforcement and Justice system.

  29. avatar DXP says:

    if you have to drink melamine milk, eat fake egg, death under underground mine blast, stay in small apartment and have only one kid….I prefer to become Indon Citizens who could have many wives and kids, drink real milk, eat ayam kampung and some time ayam kota…in case you do not know….. .. tarif pijat plus-2 at Grand Comfort mangga besar is only range 100-200 ribu rupiah…hehehe

    at least the CEO of tainted milk producers are taking into prosecution and jail very soon. In China, we learnt our mistakes, the system does works, we never claim we never made any mistaken but we are capable of sending astraunots to the moon very soon, you don’t – full stop.

    In Indonesia, a culprit becoming a hero and have no face to keep his ministry of welfare position although of his wrong doing to public, your country do not have the system that it works to protect the public’ domain zone. That’s is too bad and if you chose to pretend do NOT see this fundamental problems, that is why you are INDONESIAN who will never prosperous & becoming a strong country.

    My statement is not friendly but sadly yes it is true, pls do not pretend you always right

  30. avatar raden says:

    hm .. what DXP said is not totally wrong.
    We , Indonesian like to be contended prematurely, we have to work harder & smarter and create more transparency in our next 2009 political system, a big job which is not easy indeed.
    Regarding communism as supposed to the hard liners ideology is yes, but is communism/facism as a better alternative to a democracy system ? I think No !
    Learning from China, with 1.6 B population majority still in lower ranks, they have chosen the right antidot for poverty alevation, in one way no human rights for blue colar workers but government have conducive business climate to towkay / business owners in the flip side. In total : a more balance system under totalitarian , however they are very progressing and it works, it is the fact that Raden openly admitted which is not happening in my country

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