Lippo Group (ID) | Building Banks | 2/5

From a local Indonesian business, the Lippo Group has evolved into one of Southeast Asia's most influential conglomerates.

With ventures spanning across real estate, retail, healthcare, banking, and digital technology, the presence of the Indonesian powerhouse can be seen not just locally, but across the region. Today, the Lippo Group's assets stretch across various industries and countries, from Singapore to Hong Kong and beyond, reflecting its transformation into a multifaceted, globally connected empire.

This is the story of the Lippo Group—driven by two generations of the Riady family—they would navigate Indonesia’s worst monetary crisis, survive a thousand-fold currency devaluation, and emerge from the Asian Financial Crisis as one of the nation’s largest conglomerates and real estate giants.

Episode 1: Bikes and Ships

Discover how Mochtar Riady’s humble beginnings and early ventures in shipping and trade laid the foundation for the Lippo Group.

Episode 2: Building Banks

Mochtar Riady enters the world of finance, taking over and reforming failing banks, setting the stage for his rise as a prominent banker in Indonesia.

Episode 3: The Benefactor

A chance meeting with business tycoon Sudono Salim leads to the transformation of Bank Central Asia into Indonesia’s second clearing bank.

Episode 4: Lippo the Group
After years in banking, the Riadys expand their reach beyond finance, transforming Lippo into a diverse conglomerate with interests in various industries across Indonesia.

Episode 5: Real Estate and Healthcare
As Lippo Group evolves, its focus sharpens on real estate and healthcare, building a legacy through massive developments and premium hospital chains that redefine Indonesia’s business landscape.

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