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Agoes Projosasmito

Agoes Projosasmito

A. Projosasmito
0.07% | + $4.00M
$6.15 B ₹ 55,958 Cr
Real Time Net Worth #669 Ranking as of 21 Feb 2026 By Forbes

More on Agoes Projosasmito

Gender

Male

Age

71Y

Country

Indonesia

Born On

January, 1955

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Mining, Finance)

Primary Organization

Amman Mineral Internasional

Titles

President Commissioner

Sources of Wealth

Amman Mineral Internasional

Industry

Mining, Metals, Finance

About Agoes Projosasmito


A goes Projosasmito is a prominent Indonesian businessman with a long and influential career in the country's banking, finance, and mining sectors. A veteran executive, he has held top positions at a number of major corporations. His wealth surged significantly due to his substantial stake in Amman Mineral Internasional, one of Indonesia's largest copper and gold mining companies. He serves as the company's president commissioner, a role equivalent to chairman of the board.

His journey to becoming a mining magnate is rooted in his deep experience in corporate finance. Before his current role, Projosasmito was the president director of Star Energy, an oil and gas company, and previously held a key post at the Indonesian Bank Restructuring Agency (IBRA), which was formed after the Asian financial crisis. His strategic acumen came to the forefront when he helped orchestrate the acquisition of the mining assets that would become Amman Mineral. The company's successful IPO in 2023 was one of the largest in Indonesia's history, cementing his status as one of the country's wealthiest individuals.

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Quick Reads


  • President Commissioner of Indonesian mining giant Amman Mineral Internasional.
  • His fortune is largely derived from his stake in the copper and gold mining company.
  • Amman Mineral had one of Indonesia's largest IPOs in 2023.
  • A veteran of the Indonesian banking and finance industry.
  • Previously served as president director of oil and gas company Star Energy.

Early Life and Background


Agoes Projosasmito, an Indonesian national born in 1955, is a veteran professional whose career spans over four decades in high-stakes finance and the massive Indonesian mining sector. His intellectual foundation was built in both Indonesia and Australia, starting with a Bachelor of Economics degree from Satya Wacana Christian University in 1982.

He further specialized by obtaining a Diploma in Economics of Development from the Australian National University (ANU) in Canberra in 1988. This deep understanding of both financial markets and macroeconomic development provided him with the perfect analytical toolkit to advise on and execute large-scale resource and capital market transactions, a skill set that would define his immense success as a leading investment banker and corporate fixer in Indonesia.

Career Journey of Agoes Projosasmito


Agoes Projosasmito began his career in 1982 at the state-owned investment banking firm Danareksa (Persero) as the Head of Capital Markets. This initial period immersed him in the intricacies of Indonesia's rapidly developing financial landscape. Over the next two decades, he held key leadership roles, including Vice President Director at DBS Securities Indonesia. His background as a seasoned investment banker earned him the trust of some of Indonesia’s most powerful tycoons.

The critical turning point in his career came when he transitioned from pure finance to operational and strategic leadership in the mining industry, where he now has over 15 years of experience. He is considered a trusted ally of Indonesian billionaire Anthoni Salim, a relationship that began in 1989 when he assisted with the IPO of Salim's cement company, 'Indocement Tunggal Prakarsa'. He parlayed this trust and financial acumen into significant ownership stakes, particularly in the copper and gold sector, which led to a massive surge in his wealth following the Amman Mineral Internasional (AMMN) IPO in 2023.

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Agoes Projosasmito's Timeline


1982:

Graduated from university and began career as Head of Capital Markets at Danareksa (Persero).

1989:

Began a trusted relationship with Anthoni Salim, assisting with the IPO of Salim's cement company.

1992–2001:

Held key roles including Vice President Director at DBS Securities Indonesia.

2016:

Partnered with Medco Energi to acquire the Indonesian arm of Newmont Mining.

2020:

Appointed President Commissioner of Amman Mineral Internasional (AMMN).

2023 (July):

AMMN went public in a massive $710 million IPO on the Indonesia Stock Exchange, leading to a huge surge in his personal wealth.

Ongoing:

Continues to serve in leadership and board roles across major mining and energy companies, including 'Bumi Resources'.

Major Business Ventures and Investments


Agoes Projosasmito's wealth is rooted in his strategic minority stakes in vast Indonesian resource conglomerates, often holding influential board and commissioner positions due to his financial expertise and close relationship with key industrial families.

  • Amman Mineral Internasional (President Commissioner): This is the largest source of his recent wealth surge. AMMN is Indonesia's second-largest copper and gold mining company, which went public in a successful $710 million IPO in 2023. Projosasmito is the 'ultimate beneficiary' of AMMN's shares through his entity, AP Investment, which controls the company.
  • Bumi Resources Minerals (Director): He also holds stakes and leadership roles in this major Indonesian coal miner, further diversifying his interests across essential commodities.
  • Medco Energi Internasional: Projosasmito holds stakes in this key Indonesian oil and gas company, which he helped acquire a major arm of Newmont Mining in 2016.
  • Strategic Asset Development: His companies are deeply involved in constructing massive infrastructure, such as a large-scale copper concentrate smelter in West Sumbawa, reflecting a commitment to value-adding local processing.

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Philanthropy and Social Impact


Given his decades spent in high-level corporate finance and mining, Agoes Projosasmito’s primary social contribution is through the large-scale employment and economic development generated by his industrial ventures. His career has focused on steering massive, foundational Indonesian companies, whose stability and growth are critical to regional and national prosperity.

His investment philosophy is inherently developmental: by controlling and professionalizing major natural resource companies (copper, gold, coal, oil), he directly influences Indonesia’s GDP and its position in the global supply chain. While detailed personal philanthropic foundations are not widely publicized, his focus is clearly on high-impact economic structures. He has served as a member of the 'Economic Council Member in Capital Market Professional Standard Committee', indicating a long-term commitment to professionalizing the financial sector that underpins Indonesian growth.

Fashion, Style, and Lifestyle


Agoes Projosasmito embodies the restrained but absolute power of an Indonesian industrialist and investment veteran. His lifestyle is characterized by the discretion of a man whose success is built on complex deals and long-term resource exploitation, not public fanfare.

His public style is that of a serious, high-level executive—impeccably tailored dark suits and formal business wear, signaling authority and professionalism in the highest echelons of Indonesian and global finance. His true luxury is his influence: commanding board seats and strategic control over some of Indonesia's most valuable copper and gold reserves. Residing in Jakarta, his wealth allows him to invest strategically across the world's most vital resource and energy markets, moving capital with the expertise gained from decades in high-stakes investment banking.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • His massive wealth surged following the Amman Mineral Internasional (AMMN) IPO in 2023, which raised '$710 million'.
  • He is considered a trusted ally of Indonesian billionaire Anthoni Salim, a relationship that dates back to 1989.
  • He is the 'ultimate beneficiary' of AMMN's shares through his private entity, AP Investment.
  • His company, AMMN, is currently building a large-scale copper concentrate smelter in West Sumbawa, reflecting Indonesia's push for local mineral processing.
  • He is a veteran investment banker whose career spans over 40 years in finance and capital markets.
  • He holds a unique academic background with a Diploma in Economics of Development from the Australian National University.
  • His mining interests are massive, managing concession areas containing millions of tons of copper reserves and millions of ounces of gold reserves.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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