Mochtar Riady & Family Net Worth is$2,200 $Million
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Title: Mochtar Riady
T: ?/?/?
S: ?/?/?
P: Li Wénzhèng
Showflag: jyp
Mochtar Riady (Chinese: ae??ae??ae-?) is a Chinese Indonesian financial magnate in Southeast Asia. He is the founder and CEO of Lippo Group. He is also the chairman of the Asian Bankers Association. Born on 12 May 1929, in Malang, East Java, Mochtar is known to have a cold hand at transforming the fortunes of financial institutions. He was recruited by another magnate, Lim Sioe Liong, in 1975 to replicate his achievement in developing Panin Bank to be Indonesia's largest private bank in Lim's Bank Central Asia (BCA). At the time of his appointment at BCA, the bank's asset was Rp 12.8 billion. By the time he left BCA in 1990, it was already a juggernaut institution with assets valued at more than Rp 5 trillion.
Convinced that he had what he need to walk his own road, he formed Lippo Group. Over the years, the group diversified in financial services (banking, investment, securities, insurance, asset management and mutual fund), property (satellite cities, housing, condominium, shopping malls, office buildings, and industrial sites), and infrastructure (power plants, gas production, roads, sanitation, and communication), which is largely handled by Lippo Group Hong Kong office, controlled by his son Stephen Riady.
In one of his pet projects, Lippo Karawaci, where he also reside along with son James Riady, he built Gleneagles Hospital from Singapore, Sekolah Pelita Harapan, and Supermal along with world class facilities.
In 1996, Lippo Group acquired 50% of retailer Matahari owned by Hari Darmawan.
Mr. Riady also hold a central position as Senior Advisor to Ma Chung University.
He has made substantial donations to the DNC.
According to CNN, "President Clinton met twice with Riady at the White House, and belatedly acknowledged receiving a detailed letter from him that pressed Clinton to establish formal relations with Vietnam and to renew most-favored-nation trading status with China, among other issues."
His son, James Riady, is the chairman for Ind

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Mochtar Riady & Family Latest News

Temasek, Others Plan to Sell Stake in Indonesian Retailer

PT Matahari Putra Prima (IEQ:ID:MPPA) Tbk.—one of Indonesia’s largest listed supermarket retailers, with nearly 300 stores—is 50.2% owned by Indonesian tycoon Mochtar Riady and his family through their company PT Multipolar Tbk. Temasek owns a 26.1% ...
Posted: February 1, 2017, 8:12 pm

The Top 4 Family-Run VCs in Indonesia

Founder Mochtar Riady and family run the Lippo Group, one of the largest real-estate development firms in Southeast Asia and owner of Matahari Department Stores, one of the biggest department stores in Indonesia. The Riadys had in the past forayed into ...
Posted: February 22, 2017, 10:21 pm

Mochtar Riady, chairman, Lippo Group

An hour’s drive west of Jakarta the congested metropolis gives way to ordered streets lined with greenery. This is the Lippo Karawaci township, a flagship project for the Lippo Group, one of Indonesia’s most powerful conglomerates. It also owns the ...
Posted: February 27, 2016, 4:00 pm
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