Low Tuck Kwong Net Worth (Updated 2024)

What is Low Tuck Kwong’s Net Worth?

Low Tuck Kwong is an Indonesian billionaire businessman and the founder and president director of Bayan Resources, a leading coal mining company in Indonesia. According to the latest estimates, Low Tuck Kwong’s net worth is approximately $26 billion.

His primary source of wealth is his majority stake in Bayan Resources, a coal producer and port operator in Indonesia. Bayan Resources sold around 39 million metric tons of coal and reported revenue of $4.7 billion in 2022.

He controls a 61% stake in Bayan Resources directly and through his son. The company went public in 2008 and has grown rapidly since then.

Low Tuck Kwong also has a significant stake (79%) in Metis Energy, a Singapore-based renewable energy company.

Here’s the breakdown of Low Tuck Kwong’s net worth:


Low Tuck Kwong

Net Worth:

$26 Billion

Date of Birth:



Entrepreneur, Businessperson, Investor

If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.

Early Life

Low Tuck Kwong was born on April 17, 1948, in Singkawang, West Kalimantan, Indonesia, to a successful businessman. He grew up in a wealthy family and attended prestigious schools in Indonesia and Singapore.

He later pursued business administration studies at the University of California, Berkeley. His early exposure to business through his father’s construction company in Singapore laid the foundation for his entrepreneurial journey.

Business Career

Low Tuck Kwong’s business career began in the construction industry, working at his father’s company until 1972. He then moved to Indonesia and founded PT Jaya Sumpiles Indonesia in 1973, a company specializing in earthworks and civil works. In 1988, he expanded into the coal mining industry, which marked the beginning of his significant business ventures.

In 1997, Low acquired his first coal mine, PT Gunungbayan Pratamacoal, which later became part of Bayan Resources. Bayan Resources, founded in 2004, has grown to become one of Indonesia’s largest coal mining companies, with a concession area of 126,293 hectares in East and South Kalimantan. The company went public in 2008 and has since reported substantial growth, selling about 39 million metric tons of coal and generating $4.7 billion in revenue in 2022.

Low Tuck Kwong’s business interests are not limited to coal mining. He holds significant stakes in other companies, including Metis Energy, a Singapore-based renewable energy company, and SEAX Global, which focuses on building underwater submarine cable systems for internet connectivity. His diversified portfolio also includes investments in real estate, technology, and finance.


Low Tuck Kwong’s philanthropic efforts include significant donations to various causes, such as a $101 million gift to the Lee Kuan Yew School of Public Policy to support leadership programs and scholarships for students from Asia.

He also established the Gunung Bayan Zoo to accommodate wildlife displaced by his mining operations and has funded scholarships at several universities in Indonesia.

His commitment to corporate social responsibility is evident in his efforts to promote environmental sustainability and community development. His initiatives include constructing public roads and telecommunication towers in remote areas, as well as supporting poverty alleviation programs and renewable energy projects.

Personal Life

Low Tuck Kwong is known for his private nature, rarely making public appearances or giving interviews. He is married to May Lee Fang, and they have three children, with his son, Low Yiqian, serving as the CEO of Bayan Resources. Despite his immense wealth, Low maintains a low profile and is deeply involved in philanthropic activities.

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