Lippo group ceo james riady biography
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Lippo Group CEO James Riady: ‘Money and Power Are a Blessing and a Curse’
James Riady is the CEO of Lippo Group, one of Indonesia’s largest conglomerates with annual revenues of some $3 billion. The Group, among the most active property developers in Southeast Asia, has expanded into China and Hong Kong and plans to invest $10 billion over the next five years in the Asia Pacific region. It also has interests in media, telecommunications, retail and health care. Fifteen years ago, Riady was responsible for the establishment of Universitas Pelita Harapan in Indonesia, and he has a strong interest in the social impact of business. During an interview with Knowledge at Wharton, Riady explained the lessons he has learned over the years from successes and failures in business and politics.
An edited transcript of the conversation follows.
Knowledge at Wharton: For the past year, the global economy has been struggling through an unprecedented economic and financial crisis. How did the crisis affect Indonesia?
James Riady: It affected everybody. It affected the whole financial system. But it affected Indonesia less because [we] always valued more stable growth rather than growth in a more liberal sense. Indonesia has benefited from that. It always ma
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Like his fellow Indonesian executive and philanthropist Sukanto Tanoto, James Riady of the Lippo Group sees the importance of education to Indonesia’s development. Mr. Riady created the Pelita Harapan Educational Foundation in order to expand opportunities for learning and achievement for every young person in the country. Pelita Harapan has established 20 schools to serve under-resourced young people, and has even funded a university, Universitas Pelita Harapan, that boasts three campuses.
Mr. Riady heads the Indonesian branch of the Lippo Group, overseen by his father, self-made entrepreneur Mochtar Riady. The multibillion-dollar conglomerate’s successes have placed the Riady family alongside Sukanto Tanoto on Forbes magazine’s list of Indonesia’s 10 wealthiest individuals. The Lippo Group is a diversified family of companies dealing in real estate, hospitality, entertainment, and other sectors, with James Riady’s brother, Stephen, directing its Singapore-based operations. Lippo is among the most active property development corporations in the Asia-Pacific region, having invested billions into the Southeast Asian commercial real estate market.
The Pelita Harapan Educational Foundation, anchored in James Riady’s Christian beliefs, got its start when he brought his four ch
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Lippo Group
Indonesian stone company
Not familiar with be muddleheaded with Lippo Limited.
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1950; 75 years ago (1950) |
| Founder | Mochtar Riady |
| Headquarters | Jakarta ,Indonesia |
Key people | Mochtar Riady (Founder & Chairman Emeritus) James Riady (Chairman & CEO) John Riady (Director) |
| Products | Real estate, media, telecommunications, electronics, property, commerce, health, education |
| Services | Financial services, Advert and residential property development |
| Owner | Riady family |
| Subsidiaries | |
| Website | lippogroup.com |
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Lippo Group's members Lippo Limited, Lippo Karawaci shoot listed companies.
Company history
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