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Billionaire Profile
M
Global Rank
#1993

Image: United States Senate | Public domain | via Wikimedia Commons

Mochtar Riady & family

CEO, Diversified
INDONESIA
Real-Time Net Worth
$2.04B
Estimated based on Diversified stock value as of March 6, 2026
+4.18% (24h)
Age
96
Source
Diversified
Industry
Diversified
Citizenship
INDONESIA

Biography

Mochtar Riady, a Chinese Indonesian financial magnate, and his family have a current net worth of $3.09 billion. He is the founder of the diversified Lippo Group, a major Indonesian conglomerate with interests in various sectors. His career began with a bicycle shop, later transitioning to banking, where he achieved significant success. He is known for his strategic vision and leadership in building Lippo Group into a leading conglomerate. His legacy includes significant contributions to real estate, retail, healthcare, and education in Indonesia. Riady's leadership also transformed the Indonesian banking landscape.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Mochtar Riady, born Lie Mo Tie on May 12, 1929, in Malang, East Java, Indonesia. His parents migrated from Fujian, China, and arrived in Malang in 1918. He spent his early childhood in Fujian. At the age of 22, he entered the business world as the proprietor of a bicycle shop.

Rise to Success

In 1954, Riady moved to Jakarta to pursue a career in banking. He started his banking career at Bank of Central Asia (BCA), then founded Lippo Group. He later became a key figure in transforming the Indonesian banking industry. He developed Lippo Bank, which later grew into Lippo Group. He successfully raised BCA stock from IDR 12.8 billion to IDR 5 trillion.

Key Business Strategies

Riady is known for his ability to identify opportunities and his hard work. He has strategically expanded Lippo Group into real estate, retail, healthcare, media, and education. His leadership has been critical in the development of large-scale projects that have reshaped urban landscapes. James and Stephen Riady, Mochtar's sons, now run the Lippo Group.

Philanthropy

Mochtar Riady is known for his philanthropic endeavors. His family runs several charitable institutions in Indonesia, primarily focusing on health and education. He has also donated to educational institutions, including the NUS Business School and the Singapore Management University.

Career Milestones

1950s

Founded Lippo Group

Established the Lippo Group, which would become a major conglomerate in Indonesia, with interests in multiple sectors.

1971

Joined Panin Bank

Moved to Panin Bank and helped develop the bank.

1978

Joined BCA

Joined BCA and applied his banking knowledge to grow the bank.

1989

Lippo Bank

Lippo Bank became Lippo Group and expanded into various businesses.

Philanthropy & Social Impact

Education

NUS Business School

$21M

Donated to the NUS Business School in Singapore.

Education

Singapore Management University

$5M

Donated to the Singapore Management University.

Health & Education

Charitable Institutions in Indonesia

Undisclosed

Supports charitable institutions in Indonesia, focusing on health and education.

Business Philosophy & Leadership

Notable Quotes

"Opportunity is important in a man's life. To be able to spot an opportunity and seize it means you are half way through to success. The rest lies in hard work."

Leadership Principles

Hard work and Smart Work

Emphasizes the importance of both working diligently and strategically to achieve success.

Trust

Believes in the value of trust in the banking business.

Controversies & Challenges

2018

Meikarta Project Allegations

The Meikarta project, a large township project, was embroiled in a corruption scandal involving alleged bribery of officials.

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