Bloomberg Billionaires Index

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# 47 Low Tuck Kwong $26.6B

Random fact: Born in Singapore and moved to Indonesia at the age of 24.


Low is the founder of Bayan Resources, a coal producer and port operator in Indonesia. The Jakarta-based company sold about 40 million metric tons of coal and reported revenue of 40.8 trillion rupiah ($2.9 billion) in 2021. Low is also the largest shareholder of Metis Energy, a Singapore-based renewable energy company.

As of :
Last change -$248M ( -0.9%)
YTD change -$1.72B ( -6.1%)
Biggest asset BYAN IJ Equity
Country / Region Indonesia
Age 74
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Low Tuck Kwong's net worth of $26.6B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Low's fortune is derived from his stake in coal producer and port operator Bayan Resources. The Jakarta-based company sold about 40.4 million metric tons of coal in 2021, according to its annual report.

He controls a 61% stake directly and through his son, according to a January 2023 Indonesia stock exchange filing. Family-owned shares are attributed to Low in this analysis to reflect his status as founder.

Other assets include a 79% stake in Metis Energy, a Singapore-based renewable energy company, held directly and through family-owned holding companies, according to the company's March 2022 exchange filing.

Low declined to comment on the net worth valuation.


Family: Married, No children

Low was born in 1948 in Singapore. He worked in the construction company owned by his father until 1972 when he moved to Indonesia.

In 1973, he founded PT Jaya Sumpiles Indonesia, an earthworks and civil works contractor company. The company expanded to coal mining in 1988.

He acquired PT Gunungbayan Pratamacoal, which controls a coal mine in Kalimantan, and PT Dermaga Perkasapratama, a coal terminal operator, in 1997.

In 2004, he founded PT Bayan Resources. The company began trading publicly on the Indonesian stock exchange in 2008.

Low became an Indonesian citizen in 1992.

  • 1948 Low is born in Singapore.
  • 1972 Moves to Indonesia.
  • 1973 Founds construction company PT Jaya Sumpiles Indonesia.
  • 2004 Founds Bayan Resources.
  • 2008 Bayan Resources begins publicly trading in Indonesia.