Soegiarto Adikoesoemo – Billionaire

• Adikoesoemo founded AKR Corporindo as chemicals trader in 1960 and listed it on the Indonesian Stock Exchange in 1994.
• AKR Corporindo is now engaged in petroleum trading and distribution, logistics services and chemical manufacturing.
• In November 2016, AKR Corporindo and British oil and gas firm BP announced plans to launch an aviation fuel joint venture.

Soegiarto Adikoesoemo Net Worth: Soegiarto Adikoesoemo is an Indonesian entrepreneur who has a net worth of $1.04 billion. Mr. Adikoesoemo set up AKR Corporindo some 36 years ago in Surabaya as a chemical trading business. Over the years, the business has evolved becoming a leading distributor of high speed diesel, industrial diesel oil and marine fuel oil to companies in the power generation, mining and bunker industries. It went public in 1994, and now is run by Adikoesoemo’s son, Haryanto. However, a constant decline in coal’s price made AKR leave the coal business. Instead, the group started to invest in business parks. An art appreciator, Adikoesoemo gives away 2% of AKR’s profits to local artists, preferably painters.

Source:

1. forbes
2. celebritynetworth