Low Tuck Kwong
Overview
- Source of Wealth
- Coal
- Industry
- Energy
- Residence
- Jakarta
- Marital Status
- Married
- Children
- 2
Assets
- Bayan Resources Group20,808,119,000 shares @ --BYAN-ID
- Manhattan Resources2,356,020,000 shares @ --L02-SG
- Samindo Resources312,776,000 shares @ --MYOH-ID
- Voksel Electric0 shares @ --VOKS-ID
Biography
Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia.
He also controls Singapore's renewable energy company Metis Energy (formerly known as Manhattan Resources) and has interests in The Farrer Park Company and Samindo Resources.
Low is backing SEAX Global, which is building a submarine sea-cable system for internet connectivity linking Singapore, Indonesia and Malaysia.
Low worked for his father's construction company in Singapore as a teenager and then moved to Indonesia in 1972 for greater opportunities.
In August 2024 he transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine.
About
Low thrived as a building contractor but hit the jackpot after buying his first mine in 1997.
The animal lover has sponsored a zoo with gibbons, sun bears, peacocks and orangutans.
In 2019, Low Tuck Kwong donated $7 million to Dana Lestari ITB, an endowment fund of the Bandung Institute of Technology.