The Tamesis
Eddie Kusnadi Saryatmaja.
Dfat/Trevor Collens
This tale belongs to Forbes’ 2025 insurance coverage of Indonesia’s wealthiest individuals. See complete checklist below
With a profile packed with champions, media mogul Swirl Kusnadi Sariaatmadja has actually gone back to the rankings of Indonesia’s wealthiest individuals after 2 years with a total assets of $1.8 billion shown his household.
Shares in his Elang Mahkota Teknologi, much better called Emtek, have actually virtually tripled in the previous year as capitalists stay hopeful concerning the upcoming IPO of Super Financial Institution Indonesia, in which Emtek holds concerning a 3rd of the shares.
In the initial 9 months of 2025, Emtek’s profits raised 58% year-on-year to 1.37 trillion rupees ($ 824 million), and web revenue raised virtually 15 times to 6.4 trillion rupees. Over half of the profits (Rs 3.4 trillion) originated from Emtek halving its 2% risk in ride-hailing and food shipment huge Grab Holdings, which it obtained in 2023 after transforming its risk in the application’s Indonesian device.
Teguh Hidayat, supervisor of Indonesian investment firm Avere Investama, stated: “Emtek’s rise in efficiency has actually been driven by a technique of strong wagers, deep funding and a desire to take chances.”
Sariaatmadja’s various other profitable financial investments consist of a 2015 financial investment in ecommerce firm Bukalapak, which went public 6 years later on with a $1.5 billion IPO. In February, he increased down on his financial investment in Bukalapak, enhancing his risk in Emtek from 40% to simply over 50%. Proceeding its purchase energy, Emtek obtained a 51% risk in aeronautics solutions firm Cahaya Aero Providers for Rs 87,300 crore in 2014. The tv broadcaster and electronic media firm was started in 1983 as a computer system representative and has actually broadened right into healthcare facilities and electronic settlements.
