He also owns a stake in the publicly traded company, Astra Agro Lestari. Rachmat is a philanthropist and has donated to various causes, including education and health.
Theodore Rachmat is an Indonesian palm oil businessman with a net worth of $1.7 billion. He is the co-owner of Triputra Agro Persada, one of the largest Palm Oil companies in Indonesia, and has a stake in the publicly traded company, Astra Agro Lestari. Rachmat is also a philanthropist, donating to causes such as education and health.
Theodore Rachmat is a member of Richest Billionaires
💰Theodore Rachmat Net worth: $3.1 Billion
Reportedly, Triputra is planning to increase its planted areas by about two-thirds by 2015. The company's expansion plan drew in an investment of $200 million from Singapore's sovereign wealth fund, Government of Singapore Investment Corp., (GIC) and TPG Capital's Indonesian partner, Northstar. However, Rachmat's connections to GIC and Northstar run deeper than the investment in Triputra, currently run by Rachmat's son Arif. Apart from GIC's investment in coal producer Adaro Energy together with Rachmat and Subianto, Northstar was co-founded by Theodore's son- in-law, Patrick Walujo.
