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Theodore Rachmat

Theodore Rachmat

T. Rachmat
0.06% | + $2.44M
$4.43 B ₹ 40,311 Cr
Real Time Net Worth #945 Ranking as of 21 Feb 2026 By Forbes

More on Theodore Rachmat

Gender

Male

Age

82Y

Country

Indonesia

Born On

December, 1943

Deceased

No

Relationship Status

Married

Children

4

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Diversified)

Primary Organization

Triputra Group

Titles

Founder

Sources of Wealth

Triputra Group, Adaro Energy

Industry

Agribusiness, Manufacturing, Mining, Automotive, Investments

About Theodore Rachmat


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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Quick Reads


  • Founder of the Indonesian conglomerate Triputra Group.
  • Former CEO of the automotive giant Astra International.
  • Triputra Group has major interests in agribusiness, manufacturing, and mining.
  • Was a key early investor in the coal producer Adaro Energy.
  • He is the nephew of Astra's founder, William Soeryadjaya.

Early Life and Background


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).

  • Triputra Group (Founder & Chairman): The core private asset, a massive conglomerate spanning agri-business (palm oil), automotive distribution, and coal mining.
  • Industrial Focus: His success is built on scale manufacturing and dominating the domestic market for automotive components and resource extraction.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and agricultural infrastructure and leveraging the massive Indonesian resource and consumer growth story.
  • Family Governance: His children are actively involved in the executive management of the group.

Career Journey of Theodore Rachmat


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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Theodore Rachmat's Timeline


1970s (approx.):

Graduates with a B.S. in Mechanical Engineering from ITB (Academic Achievement).

1998:

Founds Triputra Group (Founding).

2000s:

Triputra expands aggressively into palm oil and mining (Strategic Diversification).

Ongoing:

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

Major Business Ventures and Investments


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.

  • Triputra Group (Founder & Chairman): The core private asset, a massive conglomerate spanning agri-business (palm oil), automotive distribution, and coal mining.
  • Industrial Focus: His success is built on scale manufacturing and dominating the domestic market for automotive components and resource extraction.
  • Academic Background: He holds a B.S. in Mechanical Engineering from ITB.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and agricultural infrastructure and leveraging the massive Indonesian resource and consumer growth story.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Executive Chairman of Triputra Group (palm oil, automotive, mining).
  • He holds a B.S. in Mechanical Engineering.
  • He was a long-time executive and director at Astra International Group.
  • His fortune is tied to the successful monetization and scale of the Indonesian resource and automotive sectors.
  • His philosophy emphasizes scale, vertical integration, and industrial efficiency.

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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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