Djoko Susanto Net Worth

Djoko Susanto has an estimated net worth of $1.6 billion, according to Forbes Real-Time Billionaires, Djoko Susanto profile (figures as of October 20, 2026). That is up from $1.3 billion in 2019.

Djoko Susanto is an Indonesian entrepreneur best known for founding Alfamart. He started working young, managing his parents' small food stall in a traditional market in Jakarta at age 17. From there, he moved into cigarettes and added more stalls. That early retail experience helped him build a much larger business. Forbes tracks his fortune in the retail sector, and its real-time billionaires tracker put his net worth at $1.6 billion on October 20, 2026.

His rise came through a partnership with Putera Sampoerna. They opened similar stalls and later built a discount supermarket chain. In 2005, after Sampoerna sold his cigarette business to Philip Morris, Susanto bought the retail business and expanded it into the Alfamart chain. Alfamart now has more than 24,000 convenience stores across Indonesia and 2,000 in the Philippines. In January 2026, it also opened its first outlet in Bangladesh.

How Djoko Susanto makes money

Susanto built his wealth mainly through supermarkets and convenience retail. The core of that business is Alfamart, which grew from a small retail operation into one of the biggest store networks in the region. The company runs more than 24,000 stores in Indonesia and 2,000 in the Philippines. That scale is central to his fortune. Forbes places him in the Fashion & Retail industry and describes him as self-made.

His business interests go beyond store shelves. In 2022, the company bought a $30 million stake in Bank Aladin Syariah, a provider of sharia-compliant financial services. He also has a property arm, Alfaland, which operates Omega Hotel Management across Indonesia. Another part of his work is education. His Bunda Mulia University in Jakarta, founded in 2003, offers programs including digital business, visual communication, and informatics.

Forbes net worth over time

Forbes valued Susanto at $1.3 billion in 2019, then $1.2 billion in 2020. The estimate climbed to $1.7 billion in 2021 and $1.9 billion in 2022. It then jumped to $4.2 billion in 2023 before edging down to $4.1 billion in 2024. Across those years, the biggest constant in his story was Alfamart's large retail footprint and his control of the business he bought and expanded after 2005.

The later figures moved lower. Forbes put him at $3.5 billion in 2025 and $2.5 billion in 2026. On Forbes' real-time tracker, he stood at $1.6 billion in October 2026. During that period, the business was still expanding, with Alfamart opening its first outlet in Bangladesh in January 2026. His money also remained tied to related assets, including the Bank Aladin Syariah stake and the Alfaland property division.