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Rachmat
Theodore Rachmat
Rank #1084
INDONESIADiversifiedDiversified

Theodore Rachmat

Net Worth
$3.893B
+0.58% (24h)
Theodore Rachmat, also known as Teddy Rachmat, is an Indonesian entrepreneur with a diversified source of wealth. Born on December 15, 1943, he is currently 82 years old. His career began in 1968 at Astra International, where he rose to the position of CEO. In 1998, he founded the Triputra Group, which now encompasses various industries, including agriculture, manufacturing, and mining. As of March 2026, his net worth is estimated at $4.6 billion, and he holds a minority stake in Alamtri Resources Indonesia (formerly Adaro Energy), where he serves as Vice President Commissioner. He received the Bintang Jasa Utama medal of honor in 2019 from the Indonesian president Joko Widodo for his contributions.

How to read Theodore Rachmat's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Theodore Rachmat, we anchor the narrative to Diversified and Diversified, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $3.893B alongside global rank #1084, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (INDONESIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Theodore Permadi Rachmat, known as Teddy, was born on December 15, 1943, in Majalengka, Indonesia. He graduated from the Bandung Institute of Technology with a degree in engineering.

Rise to Success

Rachmat's career began in 1968 at Astra International, where he was employee number 15. He started as a salesman and eventually became CEO. In 1998, during the Asian financial crisis, he founded the Triputra Group. Rachmat's strategic vision led to the growth of Triputra into a significant conglomerate with diverse interests, including agribusiness, manufacturing, and mining. He also owns a minority stake in Alamtri Resources Indonesia (formerly Adaro Energy), a major coal company.

Key Business Strategies

A key strategy has been diversification across various sectors to mitigate risks. Rachmat has also focused on building strong relationships within the business community. Furthermore, he has demonstrated a commitment to long-term growth by reinvesting in core businesses and exploring new opportunities.

Philanthropy

Theodore Rachmat is involved in philanthropic activities aimed at improving education and entrepreneurship. He established the Yayasan Indonesia Belajar Mandiri to provide scholarships and Yayasan Dharma Bhakti Parasahabat, which offers microfinance to support small businesses.

Career Timeline

2019

Awarded Bintang Jasa Utama

Received the Bintang Jasa Utama medal of honor from the Indonesian president.

1998

Founded Triputra Group

Established Triputra Group, a diversified conglomerate.

1972

Director of PT Federal Motor

Became director of PT Federal Motor (later PT Astra Honda Motor).

1968

Joined Astra International

Began his career as a salesman at Astra International.

Philanthropic Impact

EducationUnknown

Yayasan Indonesia Belajar Mandiri

Provided scholarships for students.

MicrofinanceUnknown

Yayasan Dharma Bhakti Parasahabat

Provided microfinance for small businesses.

Key Business Ventures & Holdings

Net Worth History

In-Depth Analysis

Early Life

Theodore Permadi Rachmat, known as Teddy, was born on December 15, 1943, in Majalengka, Indonesia. He graduated from the Bandung Institute of Technology with a degree in engineering.

Rise to Success

Rachmat's career began in 1968 at Astra International, where he was employee number 15. He started as a salesman and eventually became CEO. In 1998, during the Asian financial crisis, he founded the Triputra Group. Rachmat's strategic vision led to the growth of Triputra into a significant conglomerate with diverse interests, including agribusiness, manufacturing, and mining. He also owns a minority stake in Alamtri Resources Indonesia (formerly Adaro Energy), a major coal company.

Key Business Strategies

A key strategy has been diversification across various sectors to mitigate risks. Rachmat has also focused on building strong relationships within the business community. Furthermore, he has demonstrated a commitment to long-term growth by reinvesting in core businesses and exploring new opportunities.

Philanthropy

Theodore Rachmat is involved in philanthropic activities aimed at improving education and entrepreneurship. He established the Yayasan Indonesia Belajar Mandiri to provide scholarships and Yayasan Dharma Bhakti Parasahabat, which offers microfinance to support small businesses.

Data Sources & Methodology

Figures for Theodore Rachmat are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.