Djoko Susanto Net Worth

Djoko Susanto, born in 1950 in Jakarta, Indonesia, is the sixth of 10 siblings. Starting from humble beginnings, he built a successful retail group by managing his parents' food stall, adding cigarettes to the lineup, and partnering with Putera Sampoerna to open similar stalls and a discount supermarket chain. In 2005, he bought the retail business from Putera and developed it into Alfa Supermarket.
Djoko Susanto is a member of Fashion & Retail

Age, Biography and Wiki

Birth Year 1950
Birth Place Jakarta, Indonesia, Indonesia
Age 73 YEARS OLD
Residence Jakarta
Occupation Founder & CEO of PT. Sumber Alfaria Trijaya Tbk.
Known for Indonesia's 17th wealthiest people (March 2012), 20th (Nov 2012)

💰 Net worth: $4.2 Billion (2024)

Djoko Susanto is a prominent figure in the fashion and retail industry in Indonesia. With his exceptional business acumen and entrepreneurial skills, he has amassed an estimated net worth of $4.2 billion by 2024. Throughout his career, Djoko Susanto has contributed significantly to the growth and development of the fashion and retail sector, creating numerous successful ventures that have garnered him considerable wealth. His immense wealth is a testament to his dedication, hard work, and innate ability to identify lucrative opportunities in the market. Undoubtedly, Djoko Susanto continues to dominate the industry as a prominent fashion and retail tycoon in Indonesia.

2012 $1 Billion
2013 $1.6 Billion
2015 $1.1 Billion
2016 $1.3 Billion
2017 $1.3 Billion
2018 $1.28 Billion

Biography/Timeline

2005

Djoko continued his partnership with Putera Sampoerna until 2005, then Sampoerna sold his cigarettes Business, 70% of his share to Altria including his share on the Retail Business run by Djoko. Altria did not Desire on Retail Business and then sold their shares to Northstar, but Djoko later bought the shares from Northstar, making him own the major share of 65%. He later developed the Retail Business into Alfa Supermarket. Nowadays, under the management of PT. Sumber Alfaria Trijaya Tbk, they run more than 5,500 stores under several brands such as Alfamart, Alfa Express, Alfa Midi and Lawson. Thus Business made Djoko become the 25th wealthiest person in Indonesia on 2011, and rose to rank 17th on early 2012, decrease to 20th by November 2012.

2010

Djoko is the sixth out of 10 siblings, he only reached the 1st grade. He had to drop out of school because the Indonesian government banned students with Chinese names (he later changed his last name). At age 17 he started managing his parents' modest 560-foot stall inside Pasar Arjuna, a traditional market in Jakarta. The stall sold groceries at the time, but soon Djoko was peddling cigarettes and opening more stalls. His success attracted the attention of clove cigarette tycoon Putera Sampoerna. Together they opened similar stalls and then opened a discount supermarket chain.