Indonesian billionaire Low Tuck Kwong loses $5.8 billion after selling Bayan stake
Billionaires Africa | 13.10.2026 01:34
Indonesian coal billionaire Low Tuck Kwong lost $5.78 billion of his fortune, about a third, after he and his daughter sold 30.25% of Bayan Resources to fellow tycoon Andi Syamsuddin Arsyad at a steep discount to the market price.
