INDONESIA’s Richest
2021
EDITED BY Jane Ho &
Naazneen Karmali
DECEMBER 14, 2021
ILLUSTRATION BY CRISTIANA COUCEIRO
EDITED BY Jane Ho & Naazneen Karmali
DECEMBER 14, 2021
Following a 2% contraction in 2020, Indonesia’s economy is expected to grow nearly 4% this year, fueled partly by rising commodity exports. With the emergence of the Omicron variant, the nation, which was battered by Covid-19 earlier this year, is going all out to prevent a third wave with strictures on international arrivals as well as Christmas and new year holiday restrictions. The benchmark stock market index rose over 19% since we last measured fortunes, helping to lift the combined net worth of the 50 richest by over 21% to $162 billion, up from $133 billion last year.
For more coverage of Indonesia's Richest 2021, click here.
ILLUSTRATION BY CRISTIANA COUCEIRO
After shrinking 5.8% in 2020, Singapore’s economy has revived and is expected to grow 6% to 7% this year. Regarded as one of the safest havens amid a global pandemic, the country is looking to ease border restrictions as vaccinations rise but remains on alert for any new upticks in Covid-19 infections. Despite uncertainties, the benchmark Straits Times Index rose 26% since fortunes were last measured a year ago, helping to fuel the combined wealth of the country’s 50 richest to $208 billion from $167 billion.
For more coverage of Singapore's Richest 2021, click here.
