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Low Tuck Kwong has an estimated net worth of $2.4 billion.
He is also the fourth richest billionaire in Indonesia. He owns a coal-mining outfit, Bayan Resources, which brings him a great deal of fortune every year. He is the supplier of 100 million tonnes of coal to Universal Crescent Power Private in India from 2015-2040. He also owns stakes in Singapore Health Partners and Singapore-listed Manhattan Resources. Before making it this far, Low Tuck Kwong started as an employee to his father's company in Singapore. He moved to Indonesia later on and invested in coal mining. His company went public in 2008 and his stock price has significantly increased since its listing in Indonesia.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Asset |
Purchase value of Indonesian businessman Bapak Dato Dr Low Tuck Kwong's 117,717,637 shares in Manhattan Resources |
$212,970 |
|
2018 |
Asset |
Purchase value of Indonesian businessman Bapak Dato Dr Low Tuck Kwong's 19.8% equity holding in ASX-listed Gulf Manganese |
$7,670,000 |
|
2015 |
Lawsuit Settlement |
Legal settlement for a defamation and injury to reputation case Low Tuck Kwong brought against Singapore businessman Sukamto Sia |
$132,280,000 |
|
2013 |
Asset |
Estimated investment of Low Tuck Kwong in the 15-hectare Gunung Bayan Zoo which is situated in Muara Tae, about 45 minutes by helicopter from Balikpapan, near Low's coal mining company, Bayan Resources, the main source of Low's wealth |
$875,000 |