Low Tuck Kwong
Low Tuck Kwong | |
|---|---|
| Born | 1950 (age 74–75) |
| Nationality | Indonesian |
| Occupation(s) | Founder and president director of Bayan Resources |
Low Tuck Kwong (born 1950) is an Indonesian billionaire businessman who is the founder and president director of Bayan Resources, a coal mining company in Indonesia. Low worked at his father's construction company in Singapore as a teenager and then moved to Indonesia in 1972 for greater opportunities. He is ranked as the third-richest person in Indonesia and 66th richest person in the world by Forbes magazine, with a net worth of US$27 billion as of 2024[update].[1][2][3] The Wall Street Journal estimates his wealth at $28 billion. Low has a personal zoo and travels to his coal site using a helicopter.[4]
In August 2024 Low transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine.[1]
References
[edit]- ^ a b "Low Tuck Kwong - Forbes". Forbes. Retrieved 11 February 2025.
- ^ "The Richest People In The World". Forbes.
- ^ Wibisono, Ardian. "Indonesian Coal Billionaire Low Tuck Kwong Mines Super-Profits To Become The Country's Second Richest Person". Forbes. Retrieved 2023-04-13.
- ^ "The Billionaire Mining Magnate Who Bet Coal Had a Future—And Won Big". Retrieved 9 January 2025.
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