Indonesia’s Third Wealthiest Person Tan Siok Tjien Dies

JAKARTA, KOMPAS.com – The third-richest billionaire in Indonesia, Tan Siok Tjien, passed away on Sunday, October 25. She was 91.

Tan is the wife of the late Surya Wonowidjojo, the founder of PT Gudang Garam Tbk, an East Java-based company manufacturing clove cigarettes, which are locally known as kretek.

According to the Bloomberg Billionaire Index, Tan Siok Tjien’s assets reached $5.96 billion as of Tuesday, October 27. Tan is also listed as the 369th wealthiest person in the world.

Tan’s wealth value has decreased by 23.8 percent or $1.86 billion since the beginning of 2020.

Also read: Finance Minister Expects Indonesian Economy to Grow 0.5 percent in Q3

Founded by her late husband, Surya, the cigarette company in Kediri is legendary and is known for producing kretek cigarettes.

Bloomberg said Gudang Garam employs about 32,000 workers. The company’s revenues reached $7.8 billion in 2019.

Also read: IMF: Indonesia Economy to Contract 1.5 Percent Next Year due to Covid-19

Tan and her children inherited the business after her husband Surya died in 1985.

The Bloomberg Billionaire Index stated that Surya was an immigrant from China’s Fujian province. He started establishing Gudang Garam in 1958 by making hand-rolled cigarettes from tobacco and clove in Indonesia.

(Editor : Sakina Rakhma Diah Setiawan)

Source: https://money.kompas.com/read/2020/10/29/071800726/orang-terkaya-ketiga-di-indonesia-wafat-tinggalkan-harta-rp-87-92-triliun?page=2.