Archive · 30 Jan 2026
Indonesia's Richest Man Loses $9 Billion
Indonesia's richest man, Prajogo Pangestu, lost about $9 billion in one day.
This happened because a company called MSCI said some Indonesian companies might not be following fair rules.
People got worried and sold their shares in Pangestu's companies, making their value go down.
Pangestu owns big parts of energy and mining companies.
He has lost about $15 billion this year.
MSCI said they might make more changes if the rules aren't fixed by May.
Many investors want Indonesia to improve its rules to make the market fairer.
Indonesia's richest man, Prajogo Pangestu, lost $9 billion in a day due to a stock market sell-off.
The sell-off was triggered by an MSCI report questioning Indonesia's shareholder disclosure rules.
Pangestu's companies, Barito Pacific and Petrindo Jaya Kreasi, saw their shares fall by more than 12%.
MSCI highlighted concerns about concentrated ownership and low free float in Indonesian companies.
Investors have long urged Indonesia to improve its disclosure and reporting rules to prevent market manipulation.
- Who
- Prajogo Pangestu, Indonesia's richest man
- What
- Lost $9 billion in wealth due to stock market decline
- When
- After MSCI report raised concerns
- Where
- Indonesia
- Why
- MSCI questioned Indonesia's shareholder disclosure rules and concentrated ownership structures
- Person
- Prajogo Pangestu
- Net Worth Loss
- $9 billion
- Current Net Worth
- $31 billion
- Companies Affected
- Barito Pacific, Petrindo Jaya Kreasi
- Stock Decline
- 12%
- MSCI Concern
- Shareholder disclosure rules
- Minimum Public Shareholding in Indonesia
- 7.5%