Djoko Susanto Net Worth

What is Djoko Susanto’s Net Worth?

Djoko Susanto, an Indonesian entrepreneur, has a net worth of $1.17 billion. He is the owner of Alfamart, a retail business with a concept of mini-marts. Susanto was born in 1950 in Jakarta, Indonesia. He started his career managing his parents’ modest 560 feet food stall inside Pasar Arjuna. Later on, he ventured into selling cigarettes and expanded the business by launching more stalls.

Highlights

– Djoko Susanto is an Indonesian entrepreneur with a net worth of $1.17 billion.

– He is the owner of Alfamart, a retail business with a concept of mini-marts.

– Susanto started his career managing his parents’ food stall.

– He expanded the business by selling cigarettes and launching more stalls.

Early Life

Djoko Susanto was born in 1950 in Jakarta, Indonesia. He was the sixth of 10 siblings and had to drop out of school after finishing one year of high school due to a government ban on students with Chinese names learning. As a result, he changed his name later on. At the age of 17, Susanto began managing his parents’ humble 560 feet food stall inside Pasar Arjuna.

Career

Susanto’s successful achievement in managing the food stall caught the attention of cigarette mogul Putera Sampoerna. Together, they established more similar stalls and eventually started a discount supermarket chain. When Sampoerna sold his cigarette business to Philip Morris (now Altria), including his part of the retail business run by Susanto, Altria did not want the retail company. However, several years later, Susanto managed to purchase the stake of the retail company, making him the owner of 65%.

Over the years, Susanto developed the retail business into the minimart chain Alfamart. Currently, Alfamart operates 7,717 stores under various brands like Alfa Midi, Alfa Express, and Lawson.

Personal Life

Information about Djoko Susanto’s personal life is not publicly available.

Net Worth Over Time

Djoko Susanto’s net worth has grown significantly over time. Starting from managing a small food stall, he expanded his business empire and transformed it into the successful Alfamart chain. With a net worth of $1.17 billion, Susanto is now one of the wealthiest entrepreneurs in Indonesia.

Components of Net Worth

Djoko Susanto’s net worth primarily comes from his ownership of Alfamart. As the owner of 65% of the retail company, his share in its profits and assets contributes significantly to his overall net worth. Additionally, any other investments or business ventures he may have could also contribute to his net worth.

In conclusion, Djoko Susanto is a highly successful Indonesian entrepreneur with a net worth of $1.17 billion. From humble beginnings, he built a retail empire with the Alfamart chain. His determination and business acumen have played a significant role in his remarkable financial success.

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