Hartadi Angkosubroto, 63 and Husodo Angkosubroto, 61
Gunung Sewu Group
Agrobusiness, property, life insurance
$1.4 billion (2015)
$1.3 billion (2016)
The Angkosubroto family of the Gunung Sewu group is best known for its interests in the property sector through Duta Anggada.
With older brother Hartadi still holding the reins and Husodo also active, the property unit owns and manages buildings in business areas throughout Jakarta and other big cities in Indonesia.
The family has widespread links within the business community, not least through marriage, with Husodo’s sister married to Trijono Gondokusumo of Intiland, another significant player in the property business.
The brothers also operate in life insurance, where Gunung Sewu is one of the biggest local names, the agribusiness sector with Great Giant Pineapple and a consumer goods division that produces footwear.
In 2013 the brothers bought PT Akbar Indo Makmur Stimec, a listed coal producer. Hartadi said at the time that he believed there was a great future in coal, whose price then proceeded to collapse.
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