Saturday, December 4, 2010
Billionaires almost Doubles in 1 Year
Since then, Indonesia became one of the largest democratic country in the world, and a very liberal economic system was adopted. Politics became top priority and the economy became less important..
This sudden change has caused mismanagement of the country, so many bad things occurred i.e. abuse of power and corruption by government officials, members of parliament and the legislative bodies.
Due to the said mismanagement, the country's very rich natural resources have only been enjoyed by few people. While the majority of the people are poor.
In this regards, Bloomberg reported (below) that the number of rich people in Indonesia has almost doubles in just 1 year.
I hope that in the future there will be another report which shows that the number of middle class people, i.e. those whose economic conditions are somewhere between the poor and the rich, also increased significantly.
Number of Indonesian billionaires nearly doubles
The number of billionaires in Indonesia has nearly doubled from a dozen last year to a record 21 today -- thanks largely to booms in coal, palm oil and other commodities.
Forbes Asia also said in its December issue that the collective net of the country's 40 richest people jumped from $42 billion to an all-time high of $71 billion.
Indonesia, home to 237 million people, has one of the fastest growing economies in the region. That's thanks to a strong stock market -- boosted by the wealth of many on the list -- abundant natural resources, and consumers who are eager to spend.
The richest Indonesians were once again brothers Budi and Michael Hartono. Money generated by the Bank Central Asia, clove cigarette giant Djarum and palm oil interests gave them a combined net worth of $11 billion.
That's up from $7 billion last year.
Photo: Courtesy of Fotokita/M.Iqbal