T heodore "Teddy" Rachmat is a self-made Indonesian billionaire and a highly respected figure in the country's business community. He is the nephew of William Soeryadjaya, the founder of the Astra International conglomerate. Teddy joined his uncle's company and rose to become its CEO, a role he held for many years, helping to build Astra into one of Indonesia's largest and most successful companies. After leaving Astra, he founded his own company, the Triputra Group, in 1998.
Triputra has since grown into a major diversified conglomerate in its own right, with significant interests in agribusiness (palm oil and rubber), manufacturing (auto parts), and mining (coal). In addition to his own group, he has been a highly successful investor, taking early stakes in other major Indonesian companies. He was a key early investor in the coal company Adaro Energy, a stake that has become a major component of his wealth. He is known for his modest lifestyle and for his focus on developing human capital within his companies.
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Theodore Permadi Rachmat is an Indonesian businessman, the self-made billionaire Founder and Executive Chairman of Triputra Group, a massive private conglomerate spanning agri-business (palm oil), automotive distribution, logistics, and mining. His career is rooted in entrepreneurial audacity and industrial diversification.
Rachmat holds a B.S. in Mechanical Engineering from the Bandung Institute of Technology (ITB). His philosophical approach centers on scale, vertical integration, and long-term asset hold in the essential resource, automotive, and industrial sectors. He formerly held a key executive role in the Astra International Group (a major conglomerate).
Theodore Rachmat's strategic genius was his commitment to diversification. After a long career at Astra International, he founded Triputra Group in 1998, recognizing the structural opportunity to focus on palm oil (agri-business) and automotive components. His structural contribution is immense: pioneering the modernization and scale of the Indonesian palm oil and automotive supply chains.
He remains Executive Chairman, guiding the company's continuous expansion and technological modernization. His wealth is secured by the colossal, long-term, stable profitability of the Indonesian resource, automotive, and industrial sectors.
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Graduates with a B.S. in Mechanical Engineering from ITB (Academic Achievement).
Founds Triputra Group (Founding).
Triputra expands aggressively into palm oil and mining (Strategic Diversification).
Continues as Founder and Executive Chairman, guiding the massive conglomerate (Executive Oversight).
Theodore Rachmat's wealth is concentrated in his founding equity and continued executive leadership of the private industrial giant, Triputra Group, and its publicly traded subsidiaries.
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Theodore Rachmat's social impact stems from Triputra Group's role as a massive industrial employer and provider of essential resource commodities (palm oil) and automotive components in Indonesia. The Triputra Group Foundation supports major initiatives in education and community development, contributing to human capital development and social welfare in Indonesia.
His personal philanthropy supports various community and educational initiatives.
Theodore Rachmat 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 industrial sector.
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 investment, and industrial scale.
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+0.21% | +$14.38M
-0.14% | -$4.07M
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All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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