MOCHTAR RIADY entered the business world as a proprietor of a bicycle shop at the tender age of 22. Born in East Java in 1929, Dr. Mochtar Riady left for Jakarta in 1954. And so began his journey to becoming one of Asia’s most respected business patriarchs.

Lippo Group — Building a Conglomerate

Explore how Dr. Mochtar Riady, Founder of the Lippo Group, transformed a small family business into one of Asia’s leading conglomerates with an ever-expanding global footprint.


Through hard work, determination and an unwavering spirit of an entrepreneur, he grew the company into one of Asia’s leading diversified conglomerates. Dr. Mochtar Riady also transformed Indonesia’s banking landscape and became widely acknowledged as a master in turning around the fortunes of financial institutions, making his mark in creating the country’s top banks – from Bank Buana, Bank Panin, Bank Central Asia and then Lippo Bank.