Low Tuck Kwong

Low Tuck Kwong (born 17 April 1948) is an Indonesian businessman, founder and president director of Bayan Resources, a coal-mining company in Indonesia. He worked at his father's construction company in Singapore as a teenager, moved to Indonesia in 1972 for greater opportunities, and is ranked by Forbes as the third-richest person in Indonesia and the 66th richest in the world, with a net worth of US$27 billion as of 2024 ¹.

Low Tuck Kwong was born in Singapore on 17 April 1948 ^{2 3}. He worked at the construction company of his father, David Low Yi Ngo, and in 1972 moved to Indonesia, where in 1973 he founded PT Jaya Sumpiles Indonesia (JSI), a construction firm that became a pioneer of complex pile-foundation construction; in 1988 JSI expanded into coal mining as a contractor, and in 1992 Low took Indonesian citizenship ².

In 1997 Low bought his first coal-mine concession through PT Gunungbayan Pratamacoal in Kalimantan, and in 1998 his PT Dermaga Perkasapratama began operating a coal terminal at Balikpapan; the mining business grew into Bayan Resources ². In 2024 Bayan reported producing 56.9 million tons of coal, nearly 7 percent of Indonesia's total production of 832 million tons ¹. In 2023 the Low Tuck Kwong Foundation gave S$127.6 million to educational and healthcare causes, the largest private giving of any Singapore philanthropic organisation that year, and in August 2024 Low transferred a stake in Bayan worth $6.6 billion to his daughter Elaine ¹. No text read for this record names a faith for Low Tuck Kwong himself — the articles are silent and Wikidata carries no religion statement — so his faith is recorded as unknown ^{1 2 3}.

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