Prajogo Pangestu Net Worth

Prajogo Pangestu has an estimated net worth of $12.3 billion, according to Forbes Real-Time Billionaires, Prajogo Pangestu profile (figures as of October 20, 2026). That is up from $3.5 billion in 2019.

Prajogo Pangestu is an Indonesian businessman who built Barito Pacific Group. He started in timber in the late 1970s after leaving Djajanti Group in 1977. He had joined the company in 1970 and became general manager of PT Nusantara in 1976. Over time, his business moved beyond forestry. Barito Pacific now centers on petrochemicals, coal, and renewable energy, with Chandra Asri, Barito Renewables, and Star Energy as key assets.

His rise came through a series of major company moves. Barito Pacific Timber went public in 1993 and later became Barito Pacific in 2007 as the timber business was cut back. That same year, Barito Pacific bought 70% of Chandra Asri. In 2011, Chandra Asri merged with Tri Polyta Indonesia and became one of Indonesia's largest integrated petrochemicals producers. Later deals added coal, geothermal, and other energy businesses to the group.

How Prajogo Pangestu built his fortune

Much of Pangestu's wealth comes from petrochemicals and energy. Barito Pacific controls Chandra Asri, a major petrochemicals company in Indonesia. In 2011, Chandra Asri merged with Tri Polyta Indonesia, which made it one of the country's largest integrated producers in that field. Thaioil also took a 15% stake in Chandra Asri in the same year. Those moves helped turn a timber-based company into a broader industrial group.

His holdings expanded further through coal and renewable energy. Pangestu took coal miner Petrindo Jaya Kreasi public in 2023 and listed Barito Renewables Energy later that year. In 2022, his family office gained control of Star Energy by buying a 33% stake from BCPG for $440 million. Chandra Asri also worked with Michelin in 2015 to develop a synthetic rubber plant in Indonesia. In 2025, Chandra Daya Investasi began trading on the Indonesia Stock Exchange.

What Forbes says about his net worth

Forbes has tracked big swings in Pangestu's fortune. It put him at $3.5 billion in 2019, then $6.5 billion in 2021. In 2024, Forbes estimated $43.4 billion, before dropping to $20 billion in 2025. In 2026, Forbes listed $28.6 billion on its World's Billionaires List. Those changes came during a period when his group added public listings and deepened its position in petrochemicals and energy.

The latest live estimate is lower than the annual 2026 list. Forbes' real-time billionaires tracker showed $12.3 billion as of October 20, 2026. That still places Pangestu among Indonesia's best-known self-made business figures. His money is tied to a diversified set of companies, but the main engines remain petrochemicals and energy. The biggest corporate steps in recent years were the 2023 listings and the 2022 move to take control of Star Energy.