RANT
RANT
The ramblings of a kiwi lad banished to Jakarta for (as yet) undisclosed crimes...
rich
Friday, December 21, 2007
Forbes has just published its rich list. In twelve months, the 40 wealthiest Indonesians have nearly doubled their personal wealth, adding $18 billion to their combined wealth, bringing it up to $40 billion. That's pretty impressive when you consider that nearly half the population, 110 million people live below the poverty line.
Indonesia boasts four new billionaires, bringing the total to eleven. New to the billionaire's club is General Suharto's second son, Bambang Trihatmodjo, joined the list, coming in at number 33 with $200 million. Like his brother, Tommy, Bambang is a gun enthusiast and is the president of an "extreme" shooting organization in which participants go through an obstacle course shooting pop-up targets. The question on everyone's lips: what about Bambang's brothers and sisters? In 1999, Time magazine (somewhat conservatively) estimated the Suharto family wealth at $15 billion. What happened?
Aburizal Bakrie tops the list with a net worth of $5.4 billion. Aburizal's company, Lapindo Brantas, is responsible for the mud volcano that destroyed buried villages, displacing thousands of people and crippled the East Java economy. He leads a pack that includes our diminutive Vice President, his brother-in-law and a swag of of cigarette manufacturers, bankers, cement makers, palm oil plantation owners, retailers, hoteliers and noodle barons.
The only do-gooders on the list I could find is the Sampoerna family who, after selling their cigarette company to Philip Morris in 2005, have set up a variety of philanthropic enterprises.

Image copyright Arif Hidayat, 2007. On 5:00 a.m. on 28 May 2006, a drill operated by mining company Lapindo Brantas penetrated overpressured limestone, causing entrainment of mud by water. The influx of water to the well bore caused a hydrofracture. But instead of entering the borehold (which would have occurred if Lapindo had protected the drill sting with the required steel casing), the steam and water penetrated the surrounding strata. The pressure caused the borehole to crack. Hot toxic mud erupted from the borehole and continues today unabated. By February 2007, the resulting mud “volcano” had spewed forth 12 million cubic metres of mud, buried four villages and 25 factories, displaced 11,000 people and killed another 11. Infrastructure has been damaged extensively, including toll roads, railway tracks, power transmission systems, gas pipelines and national artery roads. To date, Lapindo is yet to pay one cent in compensation.