Business Positions
PT Rajawali Corporation
Indonesian industrial conglomerate
His Rajawali Corp. sold stake in cementmaker Semen Gresik for $1.1 billion this year; had previously cashed out stakes in tobacco firm Bentoel International and cellphone firm Excelcomindo Pratama. Used some of the cash to acquire 46 percent of PT Nusantara Infrastructure, toll road operator, in November. Rumored to be planning backdoor listing of plantation business through newly acquired Eatertainment International. Said to be looking for coal, gold investments. Also has investments in hotels; picked up Surfers Paradise in Queensland last year. His Rajawali Foundation at Harvard University put out major study recommending reforms for Indonesian economy.