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SUHARTO INCORPORATED: The ruling f



         SUHARTO INCORPORATED

           The ruling family is moving assets offshore


PRESIDENT SUHARTO IS RARELY accused of gaining personally from his position -
but rather of providing a nourishing business climate for kin and cronies. Having started life as a
poor farm boy, the president spoiled his children by handing out lucrative business concessions. His
largess carried a heavy price; it created market distortions that weakened the economy and helped
precipitate his decline. However, the kids apparently prepared early for the president's possible fall.
Since 1996, when opposition figure Megawati Sukarnoputri was ousted from her political party,
sparking riots in Jakarta, Suharto-linked firms have intensified efforts to move billions off-shore -
especially in China and Southeast Asia. Estimates of the clan's worth range from $8 billion to four
times that. But given the rupiah's collapse and the clan's complex web of companies, no one really
knows for sure. A breakdown of the First Family's known holdings:

SITI HARDIYANTI RUKMANA (TUTUT), 49

Of the Suharto children, Tutut is perhaps the most ambitious - in business and politics. She is
involved in 100-plus companies, the main one being Citra Lamtoro Gung Persada, a trading
company turned conglomerate, and holds a 17.5% stake in Bank Central Asia, the largest lender in
the country. Other interests include television broadcasting, a pulp and paper mill and toll road
projects (in Indonesia, Malaysia, the Philippines, Myanmar and China). Tutut also holds the
Indonesian license to sell General Dynamics aircraft parts to Garuda and Merpati airlines and owns
25% of the local arm of telecom firm Lucent Technologies.

ESTIMATED NET WORTH: $2 BILLION

BAMBANG TRIHATMODJO, 44

Although he wins deals thanks mainly to his father's position, Bambang probably brings the most
professionalism of any Suharto offspring to his business affairs. He controls Bimantara Citra, a
diversified conglomerate with interests in petrochemicals, cars (a joint-venture with Hyundai),
banking, telecommunications (Satelindo, a long-distance carrier and cellular phone service),
broadcasting (a pay-TV network and RCTI, the largest private television station). His overseas
activities include water and power projects in the Philippines and China, plus gold-mining in
Vietnam, Myanmar and Kazakstan. He is the biggest shareholder in Singapore-based Osprey
Maritime, a shipping firm with oil and gas tanker fleets that operate as far as South Korea, Taiwan
and the Middle East.

ESTIMATED NET WORTH: $4.5 BILLION

HUTOMO MANDALA PUTRA (TOMMY), 35

Suharto's favorite son, Tommy wins deals by dropping dad's name. But doing business with him is a
risky prospect, getting paid a perennial headache. Tommy owns 60% of Humpuss Group, a
70-plus-firm consortium with interests in airlines (Sempati Air), telecommunications, agribusiness,
toll roads, oil and gas (an exclusive shipping contract with Pertamina, the state gas and oil
company), timber and property (he owns resorts in Bali). BPPC, his clove monopoly, was
scrapped under the IMF agreement, but re-emerged with a new name and disguised as a
cooperative. His national Timor car project, which enjoyed tax breaks and subsidies, was supposed
to be scrapped under pressure from the IMF.

ESTIMATED NET WORTH: $600 MILLION

SIGIT HARJOJUDANTO, 46

As a businessman, he is lower profile than his siblings. But he was the first to use dad's position,
establishing an air freight company, PT Bayu Air. It started life airlifting cattle from Suharto's family
ranch in west Java to the farflung provinces, using air force planes; the Bayu Air logo was pasted
over the military markings. Now he is involved in some 20 companies, active in petrochemicals and
banking. He helped found brother Tommy's Humpuss Group, of which he holds a 40% share.

ESTIMATED NET WORTH: $450 MILLION

SITI HEDIATI HARIJADI (TITIEK), 38

Married to Lt.-Gen. Prabowo, the commander of the strategic reserve, Titiek's business interests
have been growing. Her conglomerate, Maharani Paramita, has interests in property, telecoms,
finance and forestry. 

ESTIMATED NET WORTH: $200 MILLION

SITI HUTAMI ENDANG ADININGSIH, 34

She owns companies involved in oil palm plantations, warehousing, transport and a land-reclamation
project in North Jakarta. She is also director of the sprawling Mekarsari Fruit Garden in west Java.

ESTIMATED NET WORTH: $100 MILLION

ARI HARYO WIBOWO SIGIT, 27

This Suharto grandson (son of Sigit) is famous for his business monopolies. He heads 10
companies, informally known as Arha Group, that sell fertilizer, beer, commodities, telecoms, as
well as manufacture glass fiber and public phone boxes. Ari is also the sole importer of Chinese
medicine and controls the domestic birds' nest trade. Since 1996, his grandfather has spiked two of
his most lucrative perks - a levy on beer and alcohol sales in Bali and the right to supply shoes to
millions of school children.

ESTIMATED NET WORTH: $5O0 MILLION

- Reported by Yenni Kwok

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