Low Tuck Kwong

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Low Tuck Kwong
Born1950 (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 third-richest person in Indonesia and 66th richest person in the world by Forbes magazine, with a net worth of US$27 billion as of 2024. [1] [2] [3] The Wall Street Journal estimates his wealth at $28 billion. Low has a personal zoo and travels to his coal site using a helicopter. [4]

In August 2024 Low transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine. [1]

References

  1. 1 2 "Low Tuck Kwong - Forbes". Forbes . Retrieved 11 February 2025.
  2. ↑ "The Richest People In The World". Forbes .
  3. ↑ Wibisono, Ardian. "Indonesian Coal Billionaire Low Tuck Kwong Mines Super-Profits To Become The Country's Second Richest Person". Forbes. Retrieved 2023-04-13.
  4. ↑ "The Billionaire Mining Magnate Who Bet Coal Had a Future—And Won Big" . Retrieved 9 January 2025.


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