Image by GlobeAsia team
Eddy William Katuari, 64
JULY 01, 2016
$2.3 billion (2015)
$2.4 billion (2016)
Wings’ Mie Sedaap is one of the top five brands in Indonesia, with the instant noodles bought by Indonesian households almost twice a week.
Helmed by William Katuari, the Wings Group is one of Indonesia’s largest consumer goods producers with products ranging from detergents to noodles and coffee. Its products sell in more than 80 countries and the group has carved out a strong presence in the Middle East and Africa.
Palm plantations are operated through Gawi Makmur Group and Damit Mitra Sekawan produces oleochemicals and other raw materials for personal and home care products.
Along with Thai group Siam Cement, Wings is now producing cement under the Elephant brand, and it has a packaging operation with Djarum Group.
According to Wikipedia, the family has strong connections: William’s children are reportedly married to members of the Djarum, Gozco and Charoen Pokphand Indonesia groups.