Name:

Kuncoro Wibowo

Date of Birth:

1956

Country of Birth:

Indonesia

Country of Residence:

Indonesia

Source of Wealth:

Tools

Marrital Status:

Married

Children:

3

Kuncoro Wibowo Net Worth USD: $693,500,000 - $766,500,000

2020 Mean Estimate USD:

$730,000,000

Kuncoro Wibowo Biography

Kuncoro Wibowo’s father Wong Jin was the founder of the Kawan Lama Sejahtera Group. That business started from a tiny 3 meter by 3 meter hardware store. Wibowo spent much of his childhood and teen years in the store, being trained in the business, and traveling throughout Indonesia and abroad, meeting suppliers and visiting tool and hardware exhibitions.

In 1981 when his father died, and with the help of his five siblings, he took on the running of the business, expanding it successfully and comprehensively over the subsequent decades. PT. Ace Hardware Indonesia, Tbk, one of its subsidiaries is the only licensee of US furniture and utensil company, and boasts the largest ACE hardware store in the world.