Low Tuck Kwong
Jakarta, Indonesia
Indonesia
coal, Self Made
$2,200,000,000
962
#962 Billionaires 2019
#11 Indonesia's 50 Richest 2018
Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia.He also controls Singapore shipping firm Manhattan Resources and has interests in The Farrer Park Company, Samindo Resources and Voksel Electric.Low is backing SEAX Global, which is building a submarine sea-cable system for internet connectivity linking Singapore, Indonesia and Malaysia.Low worked for his father's construction company in Singapore in his twenties and then moved to Indonesia in 1972 for better opportunities. Low thrived as a building contractor but hit the jackpot after buying his first mine in 1997.
The animal lover has a zoo with gibbons, sun bears, dozens of peacocks and orangutans that are apparently rehabilitated for reintroduction into the wild.After a failed effort to sell out, Low took his coal company, Bayan Resources, public in 2008.
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