What is Prajogo Pangestu Net Worth 2024: Sources of Wealth, Income/Salary & More

What is Prajogo Pangestu Net Worth 2024 Sources of Wealth, IncomeSalary and More

Prajogo, one of Indonesia’s wealthiest businessmen, has amassed a considerable fortune through his diverse ventures. At WorldOfCEOs, we delve into his financial journey, examining Prajogo Pangestu net worth and business activities for 2024. Learn more about how he stands among other prominent figures in the industry.

Quick Facts

Real NamePhang Djoen Phen
Popular NamePrajogo Pangestu
Birth DateMay 13, 1944
Age80 years old
ParentsPhang Siu On
BirthplaceSambas, Indonesia
Marital StatusMarried
Sexual OrientationHeterosexual
Wife/SpouseHerlina Tjandinegara
Net Worth$54.6 Billion (2024)
Source of WealthPetrochemicals, Energy, Timber

What is the Net Worth Of Prajogo Pangestu 2024?

What is the Net Worth Of Prajogo Pangestu 2024

According to public sources like Forbes & others, Prajogo Pangestu’s net worth is estimated at around $54.6 billion as of 2024, making him one of the wealthiest individuals in the world.

He holds a significant position in the Indonesian economy through his ownership of PT Barito Pacific and PT Chandra Asri Petrochemical.

Compared to other influential figures such as Michael Bloomberg and Bernard Arnault, Prajogo’s fortune underscores his pivotal role in the global petrochemical and energy markets. His wealth reflects his strategic investments and successful business expansions.

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Finance Overview

Prajogo Pangestu Finance Overview

Prajogo Pangestu’s financial portfolio is a testament to his acumen and strategic foresight. As the founder and major shareholder of PT Barito Pacific, he has overseen the company’s transformation from a timber business to a diversified conglomerate.

With 71% ownership in Barito Pacific, he plays a crucial role in the petrochemical and energy sectors.

PT Chandra Asri Petrochemical, where he directly holds 6% of the shares, is a cornerstone of his wealth. The company has grown to become Indonesia’s largest petrochemical producer, reinforcing Prajogo’s influence in the market.

Additionally, his 85% stake in PT Petrindo Jaya Kreasi, a prominent coal mining firm, adds to his diversified income sources.

Prajogo’s investment in Barito Renewables Energy, with a 22% ownership via Green Era Energy, reflects his forward-thinking approach towards renewable energy. This strategic move positions him as a significant player in the sustainable energy sector.

His family’s control over Green Era Energy further emphasizes the long-term planning in his financial strategy.

The acquisition of Star Energy in 2018 marked a significant milestone, extending his influence into the global geothermal market. By gaining full control of Star Energy, Prajogo has solidified his footprint in the energy sector, driving both his wealth and his companies’ market dominance.

His early ventures into timber, followed by a successful transition into petrochemicals and energy, illustrate a trajectory of growth and diversification.

The strategic expansions and acquisitions under his leadership have not only increased his net worth but have also cemented his legacy as a business magnate.

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FAQs About Prajogo Pangestu

FAQs about Prajogo Pangestu

What industries is Prajogo Pangestu involved in?

He is primarily involved in petrochemicals, energy, and timber industries. His companies include PT Barito Pacific and PT Chandra Asri Petrochemical.

How did Prajogo Pangestu start his business career?

He began in the timber industry through his association with PT Djajanti Group and later founded his own business, which evolved into PT Barito Pacific.

What are the key businesses under Prajogo Pangestu’s control?

He controls major businesses like PT Barito Pacific, PT Chandra Asri Petrochemical, and Star Energy. These businesses span various sectors including petrochemicals and energy.

What is Prajogo Pangestu’s involvement in renewable energy?

He owns 22% of Barito Renewables Energy, focusing on sustainable energy solutions through Green Era Energy, highlighting his commitment to future energy needs.

How has Prajogo Pangestu’s wealth evolved over time?

His wealth has grown significantly due to strategic investments and expansions in petrochemicals, energy, and renewable sectors, placing him among the world’s richest individuals.

In Summary

Prajogo Pangestu’s net worth in 2024 underscores his substantial influence in the global petrochemical and energy markets. For more detailed insights into his business ventures and financial achievements, visit WorldOfCEOs.com for comprehensive analysis and up-to-date information.

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