Jakob Oetama, 85 and Lilik Oetama
Kompas Gramedia Group
Print media, TV, hotels, bookstores
$1.5 billion (2015)
$1.6 billion (2016)
Jakob Oetama remains a major force in Indonesia media. The slowdown in print media has made the Kompas Group push for more opportunity in digital-based business, with Kompas.com now the second biggest online portal in Indonesia.
The printing business still makes money and the group also has publishing and bookshop operations.
With the help of son Lilik, Jakob has diversified into a number of other areas.
Their Kompas Gramedia Group has hotels under the Amaris, Santika and Royal Collection brands, strategically placed to grab business at different levels of the market, and has business in MICE.
In a departure into manufacturing, the group makes tissue products.
Jakob told a staff gathering in February to celebrate 50 years in business that, while he wouldn’t be around to see it, he wanted the group to stay strong for at least another half-century.
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