exit
Mochtar Riady

Mochtar Riady

The founder of Lippo Group has relinquished the running of the global conglomerate Lippo Group to his sons, James and Stephen. Lippo Karawaci is the largest listed property company in Indonesia by market capitalisation, assets and revenue. It owns hospitals, malls, the Hypermart chain, Maxx Coffee stores and Cinemaxx cinema, in which Indonesia can expect 1,000 new screens by 2020. With a renewed focus on e-business, grandson John is building up the $500-million e-commerce investment MatahariMall, an online version of the family’s Matahari department store chain.