Mochtar Riady & family – Billionaire

Mochtar Riady is founder of $6.5 billion (revenues) Lippo Group, now run by sons James and Stephen. The group is planning a big push into digital banking through his Bank Nobu led by his grandson John, who heads its e-commerce venture MatahariMall. In March 2016 John forged a partnership with Grab, Singapore’s ride-hailing provider. Meanwhile Stephen, who runs Singapore property outfit OUE, opened OUE Skyspace LA, California’s tallest open-air observation deck in the iconic U.S. Bank Tower in downtown Los Angeles, in June 2016. His daughter Rosy is married to Indonesian billionaire Tahir.

Mochtar Riady and Family Net Worth:Mochtar Riady is a Chinese Indonesian financial magnate who has a net worth of $2.7 billion along with his family. The chairman of Lippo Group, Mr. Riady made his comeback among world’s billionaires earlier this year. Not worried about Indonesia’s economic slowdown and weaker currency, he continues to expand the group both at home and overseas. He is the head behind the strategic planning, while his two sons take care for the execution of day-to-day operations. More precisely, Stephen heads operations in Singapore, and James is responsible for Indonesian businesses. One of the key deals that Riady has ever concluded is the acquisition of the U.S. Bank Tower in Los Angeles, the tallest building in California. He bought it for $368 million last year. Aside from real estate, Lippo is also spreading in healthcare, retail and entertainment. Surprising as it may seem, Riady made his beginnings running a bicycle shop in East Java.

Source:

1. forbes

2. celebritynetworth