Theodore Rachmat is an Indonesian palm oil businessman who has a net worth of $2.1 billion. Theodore Rachmat, along with fellow billionaire Benny Subianto, owns Triputra Agro Persada, a fast growing and one of the biggest Palm Oil companies in Indonesia. 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.
|Net Worth:||$2.1 Billion|