Asia’s Biggest Wealth Gainer for 2023 Is Now Sinking Fast
- Prajogo lost title of wealthiest Indonesian to Low Tuck Kwong
- Barito Pacific founder is among this year’s biggest decliners
Prajogo Pangestu
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Prajogo Pangestu is having a bumpy start to the year.
The founder of power and industrial giant Barito Pacific Group lost $4 billion on Tuesday alone, taking its wealth drop since a peak last month to $6.7 billion, according to the Bloomberg Billionaires Index. Prajogo, who got richer than everybody else in Asia last year and was worth $25.3 billion as of the last close, has now lost his title as the wealthiest person in Indonesia to Low Tuck Kwong of coal miner PT Bayan Resources, who has a $27.9 billion fortune.