top of page
Name:
Arifin Panigoro
Date of Birth:
4th March 1945
Country of Birth:
West Java, Indonesia
Country of Residence:
Indonesia
Source of Wealth:
Oil
Marrital Status:
Married
Children:
2
Arifin Panigoro Net Worth USD: $1,615,000,000 - $1,785,000,000
2020 Mean Estimate USD:
$1,700,000,000

Arifin Panigoro Biography
Before he became the “King of Indonesian Oil” Arifin Panigoro studied electrical engineering at the Bandung Institute of Technology. His first job was as a door to door contractor undertaking electrical installations. He then set up his own small pipe installation business, and then in 1981 founded Medco Energi Internasional an oil drilling company.
Medco was set up with government funding, and was taken public by Panigoro, before he handed the reins over to his brother Hilmi. Away from Medco, he has stakes in two banks, owns several hotels, as well as lucrative palm oil plantations. He was awarded the Bintang Mahaputera Nararya, one of the highest honors a civilian can receive in Indonesia.
bottom of page