| Low Tuck Kwong | |
|---|---|
| Born | 1950 (age 74–75) Colony of Singapore |
| Nationality | Indonesian |
| Occupation(s) | Founder and president director of Bayan Resources |
Low Tuck Kwong (born 1950) is an Indonesian billionaire businessman who is the founder and president director of Bayan Resources, a coal mining company in Indonesia. Low worked at his father's construction company in Singapore as a teenager and then moved to Indonesia in 1972 for greater opportunities. He is ranked as the second-richest person in Indonesia by Forbes magazine, with a net worth of US$30.3 billion.
According to Forbes list of The Richest People In The World, dated March 8, 2024, Low Tuck Kwong ranked #66 with a net worth of $27.4 Billion. The Wall Street Journal estimates his wealth at $28 billion. Low has a personal zoo and travels to his coal site using a helicopter.
In August 2024 Low transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine.
References
- ^ "Low Tuck Kwong - Forbes". Forbes. Retrieved 11 April 2023. Cite error: The named reference "Forbes" was defined multiple times with different content (see the help page).
- Wibisono, Ardian. "Indonesian Coal Billionaire Low Tuck Kwong Mines Super-Profits To Become The Country's Second Richest Person". Forbes. Retrieved 2023-04-13.
- "The Richest People In The World". Forbes.
- "The Billionaire Mining Magnate Who Bet Coal Had a Future—And Won Big". Retrieved 9 January 2025.
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