Teddy Thohir, 81 and Garibaldi Thohir, 51
TNT Group
Energy, mining, multi-finance
$1.2 billion (2015)
$1.1 billion (2016)
Teddy Thohir made his fortune out of automotive trading, multi-finance, property, energy and the mining business.
Along with William Soerjadjaja, he founded Astra International and then went on to start the Adaro Group, one of Indonesia’s biggest coal mines.
Oldest son Garibaldi runs Adaro and unlike many coal miners, it turned a net profit of Rp1.981 trillion last year, down 14.3% compared to the 2014 figure.
Garibaldi, or Boy as he’s known, admits the coal business isn’t as easy at it used to be. He’s also building a $830 million ammonia plant in South Sulawesi.
Meanwhile second son Erick, 46, runs the media-focused Mahaka Group and is the president and majority owner of Italian football club Intermilan FC, where he has admitted he’s seeking a strategic partner to take 20% of the club.
Teddy’s daughter Rika Thohir is low profile but is known to have her own business interests.
Tags: Keywords: