Lippo Group chairman Mochtar Riady, second from left, stands next to Lippo chief executive James Riady, third from left, at the Mochtar Riady Institute for Nanotechnology in Tangerang, Banten, on Jan. 7, 2015. Joining them from left to right are Lippo director Jeffrey Wonsono, Pelita Harapan Education Foundation trustee Minny Riady, Cinemaxx chief executive Brian Riady and BeritaSatu TV director Henry Riady. (Investor Daily/Emral)

Lippo Group Celebrates the Year to Come

BY :JAKARTA GLOBE

JANUARY 08, 2015

Jakarta. Lippo Group, a major Indonesian conglomerate, will ensure that the spirit of entrepreneurship professionalism will be passed on to the future leaders within the conglomerate, its chief executive said on Wednesday.

The group held a gathering on Wednesday to welcome the new year and celebrate the 58th birthday of James Riady, Lippo's chief executive, at the Mochtar Riady Institute for Nanotechnology in Tangerang, Banten.

"We must reflect in order to foresee what we can gain from this year and onwards," James said.

Lippo sees much to gain in the coming year, as its interests include property and real estate, health care, retail and shopping malls, finance, education, hotels and resorts, technology and media.

Lippo's businesses span the globe — from its home country in Indonesia, across Asia and to the US, where it recently added to its portfolio the prized US Bank Tower in Los Angeles.

Group founder Mochtar Riady is estimated to have a net worth of $2.3 billion, according to GlobeAsia's list of 150 Richest Indonesians, compiled each June.

In his birthday remarks, James called on Lippo's management and employees to strengthen the group's business and maintain the family spirit within management.

All managers should produce professional staffers, so that they can be part of the family of the conglomerate.

The group, James said, needs about 6,000 to 10,000 new employees every year to work in its diversified business lines.

Even though Lippo is involved in many businesses, James added, all are actually related to each other -- united by the bottom line of "serving customers."

The Jakarta Globe is affiliated with Lippo Group.

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