Mochtar Riady Net Worth is
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Mochtar Riady (Chinese: ae??ae??ae-?) is a Chinese Indonesian financial magnate in Southeast Asia. He is the founder and Chairman of Lippo Group. He is also the Chairman of the Asian Bankers Association. Born in 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.
His son, James Riady, is the CEO for Indonesia's operations, and his son Stephen Riady is the CEO for Asia's operations.

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Mochtar Riady Latest News

Bribery Probe Hurts One of Southeast Asia's Biggest Projects

Lippo Group Executive Director John Riady referred the queries on Meikarta to the statement from Indrayana. Story Continues Lippo Group was founded by James’ father, Indonesian tycoon Mochtar Riady, a...
Posted: October 19, 2018, 1:57 am

Asia Society Hong Kong Center Celebrates Naming of Lippo Amphitheater

The Riady family has been there for us from day one as one of the cornerstone benefactors in helping the Asia Society Hong Kong Center off the ground. Indeed, Dr. Mochtar Riady was a member of Asia So...
Posted: November 29, 2017, 8:53 am

Lippo tycoon looks to young-gun grandson to build digital empire

JAKARTA -- Indonesian tycoon Mochtar Riady has been contemplating the question of succession for nearly 30 years. Part of the answer, he thinks, lies in Chinese folk wisdom about failure. Nikkei recen...
Posted: September 7, 2018, 12:56 am
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