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Mochtar Riady & family

Mochtar Riady & family

M. family
0.04% | + $0.92M
$2.41 B ₹ 21,939 Cr
Real Time Net Worth #1715 Ranking as of 21 Feb 2026 By Forbes

More on Mochtar Riady & family

Gender

Male

Age

96Y

Country

Indonesia

Born On

May, 1929

Deceased

No

Relationship Status

Married

Children

6

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Diversified)

Primary Organization

Lippo Group

Titles

Founder & Chairman Emeritus

Sources of Wealth

Lippo Group

Industry

Real Estate, Retail, Healthcare, Media, Finance, Diversified

About Mochtar Riady & family


M ochtar Riady is the self-made founder and patriarch of the Lippo Group, one of Indonesia's largest and most diversified conglomerates. Born in East Java to an ethnic Chinese family, he started his career in the 1950s and built a stellar reputation as a brilliant banker, playing a key role in developing several of Indonesia's largest private banks, most notably Bank Central Asia. In the 1980s, he established his own company, the Lippo Group, which he would build into a sprawling family-controlled empire.

Under his leadership, Lippo Group has become a dominant force in several key sectors of the Indonesian economy. The group is best known for its massive real estate developments, which include satellite cities, shopping malls, and office towers. It also has major interests in retail (through the Matahari department store chain), healthcare (with the Siloam Hospitals network, Indonesia's largest private hospital operator), media, and financial services. Now in his 90s, he has passed on the day-to-day management of the group to his sons, James and Stephen Riady, but he remains the chairman emeritus and the visionary founder of the dynasty.

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Quick Reads


  • Founder and Chairman Emeritus of the Indonesian conglomerate Lippo Group.
  • Built his early reputation as one of Indonesia's most brilliant bankers.
  • Lippo Group has major interests in real estate, retail, healthcare, and finance.
  • His group owns the Matahari department stores and the Siloam Hospitals chain.
  • His sons, James and Stephen Riady, now run the business.

Early Life and Background


Dr. Mochtar Riady, Ph.D. (Hon.), is an Indonesian businessman, the billionaire Founder and Patriarch of Lippo Group, a massive multinational conglomerate spanning real estate, retail, banking, and healthcare. Born in Malang, Indonesia, in 1929, his career is defined by banking, entrepreneurial audacity, and strategic real estate development.

Riady's philosophical approach centers on scale, vertical integration, and long-term asset hold in essential sectors (banking, healthcare, property). His structural contribution is tied to the successful development and modernization of Indonesia's banking and real estate sectors.

  • Lippo Group (Founder & Patriarch): The core private asset, a massive conglomerate spanning real estate (Lippo Karawaci), retail (Matahari), banking (Bank CIMB Niaga), and healthcare (Siloam Hospitals).
  • Banking Pioneer: He was instrumental in the growth of Bank Central Asia (BCA) (Indonesia's largest private bank) before founding Lippo.
  • Real Estate Focus: His success is built on scale development of integrated townships and urban centers (e.g., Lippo Village).
  • Family Governance: His sons, James Riady and Stephen Riady, are the Executive Leaders of the conglomerate, ensuring generational continuity.

Career Journey of Mochtar Riady & family


Dr. Mochtar Riady's strategic genius was his commitment to banking and property. After his pivotal role in growing Bank Central Asia (BCA), he founded the Lippo Group in the 1970s. His structural contribution is immense: pioneering integrated urban development (building entire townships like Lippo Village) and establishing a major presence in healthcare (Siloam Hospitals) and retail (Matahari).

He transitioned the executive leadership to his sons, James Riady and Stephen Riady, ensuring the long-term, stable management of the empire. His wealth is secured by the colossal, long-term, stable profitability of the Indonesian real estate, banking, and healthcare sectors.

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Mochtar Riady & family's Timeline


1970s (approx.):

Founds the Lippo Group (Founding).

1980s:

Lippo expands aggressively into banking and financial services (Strategic Diversification).

1990s:

Launches major integrated township projects (Real Estate Apex).

Ongoing:

Continues as Founder and Patriarch, guiding the massive conglomerate (Executive Oversight).

Major Business Ventures and Investments


Mochtar Riady's wealth is concentrated in his founding equity and continued executive leadership of the private conglomerate, Lippo Group, and its publicly traded subsidiaries.

  • Lippo Group (Founder & Patriarch): The core private asset, a massive conglomerate spanning real estate (Lippo Karawaci), retail (Matahari), banking (Bank CIMB Niaga), and healthcare (Siloam Hospitals).
  • Banking Pioneer: He was instrumental in the growth of Bank Central Asia (BCA) (Indonesia's largest private bank) before founding Lippo.
  • Real Estate Focus: His success is built on scale development of integrated townships and urban centers (e.g., Lippo Village).
  • Family Governance: His sons, James Riady and Stephen Riady, are the Executive Leaders of the conglomerate, ensuring generational continuity.

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Philanthropy and Social Impact


Dr. Mochtar Riady's social impact is structural, stemming from Lippo Group's role as a massive employer and foundational provider of essential housing, healthcare (Siloam Hospitals), and financial services for millions of Indonesians. His personal philanthropy supports various community and educational initiatives (including funding the Pelita Harapan University).

His structural contribution is tied to the successful industrialization and scale of the Indonesian real estate, banking, and healthcare sectors.

Fashion, Style, and Lifestyle


Dr. Mochtar Riady maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial and industrial sectors.

Residing in Jakarta, Indonesia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic management, and the long-term stewardship of the Lippo empire.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Patriarch of the Lippo Group (real estate, banking, healthcare).
  • He was instrumental in the growth of Bank Central Asia (BCA).
  • His company controls Siloam Hospitals and Lippo Karawaci (real estate).
  • His sons, James and Stephen Riady, manage the executive operations.
  • He holds an Honorary Ph.D. and a strong background in finance.
  • His wealth is tied to the successful vertical integration of finance, property, and healthcare.
  • His philosophy emphasizes urban development and long-term asset hold.

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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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