Prajogo Pangestu is a business magnate, investor, and philanthropist from Indonesia. He claims and established Barito Pacific Gathering which participates in ranger service, petrochemicals, property, estate, oil and gas, coal and gold mining, as well as geothermal. The plastic-making and power-generation assets of the Jakarta-based company brought in $3.2 billion in revenue in 2021. Chandra Asri Petrochemical, a different publicly traded company, is one of the divisions of the group.

Prajogo Pangestu Career

In 1944, Pangestu was born in Sambas, Indonesia. His dad cultivated plastic from elastic trees and Pangestu left school early in light of his family’s monetary issues. Pangestu attempted to find work by moving to Jakarta. He worked as a driver for public transportation after returning home before starting a small business with friends to sell salted fish and shrimp paste. He got into the lumber business in 1969 through Burhan Uray, the proprietor of PT Djajanti Group.

Pangestu was made general manager of the East Java factory of PT Plywood Nusantara in 1976. He left about a year later to start his own business. He purchased CV Pacific Lumber Company and renamed it PT Barito Pacific Lumber Company. Later on, Prajogo expanded into other industries like hospitality, pulp, and paper. The company became PT Barito Pacific when it went public in Indonesia in 1993.

Later on, the company expanded into power generation and petrochemical manufacturing as its primary business. In 2018, it obtained a greater part of the world’s third-biggest geothermal organisation, Star Energy. PT Chandra Asri Petrochemical, Indonesia’s largest petrochemical company, is controlled by PT Barito Pacific.

Prajogo Pangestu Facts

Pangestu’s fortune is obtained from his controlling stake in PT Barito Pacific, a Jakarta-based influence age and petrochemical organisation. He possesses 71% of the offers, as per a December 2022 Indonesia stock trade protections report. Shares held by his son Agus are included in the stake and are credited to the billionaire to reflect his status as a founder.

Prajogo Pangestu Net Worth

Prajogo Pangestu’s net worth was estimated to be around $8.1 billion USD, as of 2023, making him a billionaire businessman.

Personal Information

Also Read:

Hong Ra-hee Net Worth, Age, Family & Biography

M A Yusuff Ali Net Worth, Age, Family & Biography

Anthoni Salim Net Worth, Age, Family & Biography

The post Prajogo Pangestu<span class="post-spn"> Net Worth, Age, Family & Biography </span> <div class='sec-main'>$8.6 B Real Time Net Worth #510 in the world today</div> appeared first on Billionaire Index.