Forbes magazine published its annual
list of Indonesia’s richest people. Almost all newspapers , among others the Jakarta Post (I can’t find the link to the news!), reported that
Aburizal Bakrie now sits on the top of the list with US$ 5,4 billion worth of assets.
There’s
a small box in the report that attracts my attention. It’s titled ‘
A Decade Later‘ written by Justin Doebele. It says that the fortune of ten richest people in 1996 has not ‘recovered’, except for R. Budi & Michael Hartono.
However, the values that are listed in the box were not adjusted for inflation and currency. When I did the adjustment, as shown in the table below, we can see that only three of them who haven’t recovered and exceeded their 1996 fortunes.
