HEAD OF THE DAY

🇮🇩 Prajogo Pangestu

💼 From timber trader to Indonesia’s diversified tycoon: Prajogo Pangestu began in the timber business in the late 1970s, pivoted into petrochemicals with Chandra Asri Group and into renewables with Star Energy, all under the Barito Pacific umbrella. Just this week, his fortune jumped by $20 billion on an energy rally—pushing his net worth to a career-high $36.7 billion, according to Bloomberg—keeping him firmly atop Indonesia’s rich list at age 81.

👉 Lesson learned: Leverage your core expertise to diversify into adjacent growth industries and hold strategic assets—so when sector-specific rallies hit, you’re positioned to capture outsized gains.

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The China Survival Guide for Western Businesses

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