What is Prabowo Subianto Net Worth? (2024)

Prabowo Subianto, the prominent Indonesian politician and businessman, has long been a figure of significant interest both in Indonesia and internationally. Known for his extensive career in the military and subsequent ventures in various business sectors, Prabowo’s net worth has been a subject of much speculation and curiosity. As of 2024, he stands as one of the wealthiest presidential candidates in Indonesia, with a net worth that highlights his diverse investments and strategic financial decisions.

Key Takeaways

• Prabowo Subianto’s net worth in 2024 is estimated to be around 2 trillion Indonesian rupiah (approximately $128 million USD).
• His wealth has been primarily accumulated through ventures in agriculture, mining, and media.
• Prabowo owns significant real estate holdings, with notable properties in Jakarta and Bogor.
• He has a diverse collection of luxury assets, including cars, art, and antiques.
• Prabowo’s financial declarations have shown a consistent increase in his wealth over the years, reflecting his successful business strategies.

Prabowo Subianto’s Early Life and Background

Born on October 17, 1951, in Jakarta, Prabowo Subianto comes from an elite family. His father, Sumitro Djojohadikusumo, was a well-known economist who served under both President Sukarno and President Suharto. Prabowo’s mother, Dora Marie Sigar, was of Minahasan descent. Growing up, Prabowo spent much of his childhood abroad, which helped him become fluent in multiple languages, including Dutch, English, French, and German. He returned to Indonesia as a young adult and graduated from the Indonesian Military Academy in 1974. Prabowo Subianto’s history in the military is notable; he joined the Special Forces (Kopassus) and eventually rose to the rank of commander by December 1995.

The Rise of Prabowo Subianto in Business

After being forced out of the military in 1998, Prabowo Subianto transitioned into the business world. He established several companies across various sectors, including agriculture, mining, and media. His ventures in agriculture have been particularly noteworthy, contributing significantly to his wealth. Prabowo’s mining and media investments have also played a crucial role in his financial success. Over the years, he has built a diverse portfolio, making him one of the wealthiest individuals in Indonesia. His business acumen and strategic investments have allowed him to amass a substantial fortune, which continues to grow.

How Prabowo Subianto Built His Wealth

After being forced out of the military in 1998, Prabowo Subianto transitioned into the business world, establishing several companies across various sectors. His ventures in agriculture, mining, and media have been particularly noteworthy. Prabowo’s strategic investments and key business moves have significantly contributed to his financial success. As of November 2023, he is worth 2 trillion rupiah (U.S. $128 million), according to his wealth declaration submitted to the country’s anti-corruption agency. Prabowo’s wealth is primarily derived from his business activities, making him one of the wealthiest figures in Indonesia.

Prabowo Subianto’s Net Worth in 2024

Prabowo Subianto is the wealthiest presidential candidate in Indonesia as of 2024. His total personal wealth is estimated to be over two trillion Indonesian rupiah, which translates to approximately $128 million USD. This makes him significantly wealthier than his competitors, Ganjar Pranowo and Anies Baswedan, whose net worths are around 15.4 billion and 11.8 billion Indonesian rupiah, respectively. The question on everyone’s mind is, How much is Prabowo Subianto net worth compared to others? Well, the numbers speak for themselves.

Comparison with Other Candidates

When you look at the financial landscape of the 2024 presidential candidates, Prabowo Subianto stands out. His wealth is not just a number; it reflects his extensive business ventures and strategic investments. In contrast, Jokowi net worth is estimated to be between $146.77 million to $234.83 million, which is still impressive but not as high as Prabowo’s.

Breakdown of Assets

Prabowo’s wealth comes from a variety of sources. He has shares in 26 companies, three farms, and owns eight cars worth around $130,000. Additionally, his collection of arts and antiques is valued at about $290,000. These assets contribute significantly to the overall Prabowo Subianto net worth USD. His financial declarations over the years have shown a consistent increase in his wealth, making him a formidable figure in both business and politics. As we approach the 2024 Presidential Inauguration, it’s clear that Prabowo’s financial standing will play a crucial role in his campaign and potential presidency.

Major Properties Owned by Prabowo Subianto

Prabowo Subianto has amassed a significant portfolio of properties over the years. His real estate holdings are particularly impressive, with substantial investments in both Jakarta and Bogor. These properties contribute a large portion to his overall wealth, which is estimated to be around Rp 2.04 trillion. Notably, Prabowo’s land and building ownership alone are valued at IDR 275.3 billion. This extensive collection of properties underscores his status as a major player in the Indonesian real estate market.

Prabowo Subianto Luxury Assets

Prabowo Subianto is known for his impressive collection of luxury assets. Among his prized possessions are eight cars, collectively valued at around $130,000. His taste for the finer things in life doesn’t stop there; he also has an extensive collection of arts and antiques worth about $290,000. In his 2009 wealth report, it was revealed that he owned 90 horses, showcasing his love for equestrian pursuits. These assets highlight the diverse range of his interests and his penchant for luxury.

Prabowo Subianto’s Financial Declarations Over the Years

Prabowo Subianto has been quite transparent about his financial status over the years. In his 2009 wealth report, he was noted as the wealthiest presidential candidate, boasting assets worth Rp 1.5 trillion (about US$150 million) and an additional US$7.5 million. This report also highlighted his ownership of 90 horses, shares in 26 companies, three farms, eight cars valued at $130,000, and arts and antiques worth about $290,000.

Interestingly, despite more than a decade of constant campaigning for the presidency, Prabowo’s wealth has remained relatively stable. His recent wealth declarations indicate that his net worth is around 2 trillion rupiah (U.S. $128 million) as of November 2023. This consistency underscores his ability to maintain his financial standing even while actively participating in politics.

Prabowo Subianto’s Influence in Indonesian Politics

Prabowo Subianto has had a significant impact on Indonesian politics over the years. From being accused of grave human rights violations and booted from the military to winning Indonesia presidency, Prabowo Subianto has come far and risen high. Reliable quick poll results announced on Wednesday showed that the former army special forces commander beat Ganjar Pranowo and Anies Baswedan, receiving around 58% of the vote. The win for Prabowo, who used to be seen as a symbol of dictator Suharto’s long rule, is a turning point for Indonesia. Throughout his campaign, he had endeavored to present himself as a debonair “grandpa,” displaying some touching dance steps on videos filmed during his election rallies.

However, the new president’s résumé paints a complex picture. On 12 April 2018, Prabowo Subianto announced he would contest the 2019 presidential election if he could obtain sufficient support from other political parties. Indonesian media had speculated on whether Prabowo Subianto would become a presidential candidate or a “king-maker” giving his support to another candidate. Sandiaga Uno as his running mate and with the support of Gerindra, the Prosperous Justice Party (PKS), the National Mandate Party (PAN), the Democratic Party and Berkarya Party. His refusal to accept the result saw his followers stage protests that sparked deadly riots in Jakarta. However, after a heated contest, Prabowo Subianto joined the cabinet as Minister of Defense for the 2019 to 2024 period.

Public Perception of Prabowo Subianto’s Wealth

Prabowo Subianto’s wealth has always been a topic of interest among the public. Despite his long-standing political career and multiple runs for the presidency, his financial status has remained relatively stable. This consistency has led many to view him as a financially stable and influential figure in Indonesian politics. Media coverage often highlights his extensive land and building ownership, particularly in Jakarta and Bogor, which contributes significantly to his overall wealth. Public opinion is divided; some admire his financial acumen and business ventures, while others scrutinize the sources and ethical implications of his wealth. Nonetheless, Prabowo’s financial stability and his ability to maintain his wealth over the years continue to be focal points in discussions about his suitability for the presidency.

Prabowo Subianto’s Exile and Return

In the late 1990s, Prabowo Subianto faced significant challenges that led to his voluntary exile. Following an investigation by the ABRI, the Officers Council of Honor found him guilty of misinterpreting orders related to the kidnapping of nine anti-Suharto activists. This resulted in his honorable discharge from military service in November 1998. Despite the controversy, Prabowo and his supporters maintained that the discharge was not due to disciplinary action. Choosing to leave Indonesia, he spent his exile years in Jordan, away from the intense scrutiny and political turmoil back home.

Prabowo’s return to Indonesia marked a significant turning point in his career. After years in Jordan, he reintegrated into Indonesian society, gradually rebuilding his political and business influence. His past, however, continued to be a topic of discussion, especially during his 2014 presidential campaign. Critics and various organizations called for him to step down, linking him to past human rights violations. Despite these challenges, Prabowo’s resilience and strategic moves allowed him to regain a prominent position in Indonesian politics. His journey from exile to becoming a key political figure is a testament to his enduring influence and determination.

The Future of Prabowo Subianto Wealth

Looking ahead, Prabowo Subianto financial landscape seems poised for further growth. With a net worth of Rp 2.04 trillion as of 2023, his wealth has remained robust despite his extensive political campaigns. His strategic investments in various sectors, including agriculture, mining, and media, have been pivotal in maintaining and potentially increasing his wealth. As he continues to navigate the political arena, his financial acumen will likely play a crucial role in his future endeavors.

Conclusion

So, there you have it! Prabowo Subianto, with his impressive net worth of around 2 trillion Indonesian rupiah (or about $128 million), stands out as the wealthiest presidential candidate in Indonesia’s 2024 election. His wealth, amassed from a diverse range of businesses and investments, highlights his significant influence and financial prowess. Whether you’re a fan or a critic, there’s no denying that Prabowo’s financial journey is as fascinating as it is complex. Stay tuned for more updates as the election unfolds!