Prajogo Pangestu
Petrochemicals, energy · Jakarta
Net worth
$9.7B
Today
−$257M−2.58%Past month
−$3.4B−26.02%As of Nov 11, 2026, 1:50 PM EST
Son of a rubber trader, Prajogo Pangestu got his start in the timber business in the late 1970s. His company Barito Pacific Timber went public in 1993 and changed its name to Barito Pacific after cutting back on its timber business in 2007. In 2007, Barito Pacific acquired 70% of listed petrochemicals firm Chandra Asri, which spun off its subsidiary Chandra Daya Investasi to trade on the Indonesia Stock Exchange in 2025. In 2011 Chandra Asri merged with Tri Polyta Indonesia and became one of the country's largest integrated petrochemicals producers. In the same year Thaioil acquired a 15% stake in Chandra Asri. After taking his coal mining firm Petrindo Jaya Kreasi public in 2023, Pangestu listed renewable energy arm, Barito Renewables Energy, later in the year.
Net worth over time
Principal holdings
5 positions| Company | Industry | Share | Value |
|---|---|---|---|
Barito Pacific Timber INDONESIA: BRPT-ID | Diversified | 31.6% | $3.1B |
Private and other holdings | Diversified | 24.8% | $2.4B |
Barito Renewables INDONESIA: BREN-ID | Diversified | 23.2% | $2.3B |
Petrindo Jaya Kreasi INDONESIA: CUAN-ID | Diversified | 17.6% | $1.7B |
Chandra Asri Petro INDONESIA: TPIA-ID | Diversified | 2.8% | $276M |
Also known for
- Chandra Asri Petrochemical teamed with French tire manufacturer Michelin in 2015 to develop a synthetic rubber plant in Indonesia.
- In 2022, the Pangestu family office took control of thermal energy producer Star Energy, by acquiring a 33% stake from Thailand's BCPG for $440 million.