Mochtar Riady

Mochtar Riady also known as Lie Mo Tie is an Indonesian financial magnate and the founder and Chairman of Lippo Group. He was born in Malang to a Chinese Indonesian family. At five months old, his parents took him to his father’s ancestral village in Fujian where he lived until he was six years old.

• Mochtar Riady is founder of $8 billion (revenue) Lippo Group, now run by sons James and Stephen.
• Born in East Java, Riady opened a bicycle shop at age 22 and went on to build a successful banking career until the 1997 financial crisis.
• Today Lippo Group’s interests include real estate, retail, healthcare, media and education.
• Lippo shares fell when an alleged bribery scandal linked to Riady’s $21 billion Meikarta project, erupted in October 2018. Lippo denied involvement.
• Grandson John, who heads Lippo’s e-commerce venture MatahariMall, is overseeing a digital banking drive through their Bank Nobu.