Sri Prakash Lohia Net Worth

Net Worth: $5.3 Billion
  • Source of Wealth:

    Polyester and Inherited
  • Age:

  • Birth Place:

    Kolkata, India
  • Marital Status:

  • Nationality:

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Indonesian entrepreneur Sri Prakash Lohia has an estimated net worth of $5.3 billion as of May 2015 according to Forbes. He is sixth richest person on Indonesia’s 40 Richest List and is ranked 395th on the World's Billionaires List.

Lohia earned his estimated net worth of $3.4 billion by producing a basic component used to make plastic bottles. He is the Founder and Chairman of Indorama Corporation, a diversified petrochemical and textile company, and Chairman of Indorama Ventures PCL, the largest producer of polyester or polyethylene terephthalate (PET) resin in the world.

Though he was born in Kolkata, India on August 11, 1952 and graduated with a bachelor’s degree in economics from the University of Delhi in 1971, Sri Prakash Lohia has spent most of his professional life in Indonesia since 1974.

Also known as SP Lohia, he moved to Indonesia along with his father and started Indorama Synthetics which began to manufacture spun yarns in 1976. He was later joined by his younger brother Anil Prakash Lohia, also called Alok or Aloke. In 1991, the company diversified by manufacturing polyester fibers and later, polyester resins in 1995.

In 2006, Lohia commissioned the first PTA plant of Indorama in Thailand. In 2009, he and his brother merged their assets to create Indorama Ventures. It went public in 2010 and is listed on the Bangkok Stock Exchange.  In February 2012, the company bought the U.S. chemical division of Old World Industries Inc. It also has a highly profitable Nigerian unit.

In 2012, Sri Prakash Lohia was the recipient of the Pravasi Bharatiya Samman Awards (Overseas Indian Award) by the President of Indonesia. His son, Amit, runs the Indonesian and African businesses from Singapore. His younger brother, Aloke, is responsible of the business from Thailand as its CEO.