Archive · 18 Sep 2025
Indonesia's President Targets Billionaires to Curb Wealth Disparity
Indonesia's president, Prabowo, is focusing on the country's richest people after deadly protests.
He believes that the gap between rich and poor caused the unrest.
He plans to take control of some of the billionaires' assets.
This move is part of a plan to steer Indonesia towards a model like China.
This shift has made the markets nervous and the wealthy worried.
The goal is to reduce inequality and calm things down.
President Prabowo Subianto is targeting Indonesia's billionaires.
The move follows deadly riots linked to income inequality.
Prabowo aims to seize assets and curb elite wealth.
Markets have shown concerns about the changes.
The shift is towards state-led capitalism, similar to China's model.
- Who
- President Prabowo Subianto
- What
- Targeting billionaires and seizing assets
- When
- Recent weeks
- Where
- Indonesia
- Why
- Address income inequality and unrest
Billionaires
President Prabowo
Wealth Control
Billionaires
Concerned about potential asset seizures and government overreach.
President Prabowo
Believes state control of resources is necessary to reduce inequality.
- Event
- President Prabowo targets billionaires
- Location
- Indonesia
- President
- Prabowo Subianto
- Focus
- Wealth of Billionaires
- Cause of Unrest
- Income inequality
- Action
- Seizing assets
Sources
Indonesia court to rule on challenges to legislation allowing expanded military role
Indonesia court upholds passage of military law revisions
Indonesia court finds no procedural flaws with law expanding military’s role
Indonesias president picks retired general as new security minister after deadly protests