Lippo Group

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Lippo Group

Lippo Kuningan Tower at Mega Kuningan, Jakarta
Type	Private
Industry	Conglomerate
Founded	1950; 71 years ago (1950)
Founder	Mochtar Riady
Headquarters	Jakarta , Indonesia
Key people	Mochtar Riady (Chairman Emeritus) James Riady (Chairman and CEO)
Products	Real estate, media, telecommunications, electronics, property, finance, health, education
Services	Financial services, Commercial and residential property development
Owner	Riady family
Subsidiaries	Lippo Village Lippo Cikarang Siloam Hospitals BeritaSatu Media Holdings Matahari Department Store

Lippo Group is a multinational conglomerate company located in Indonesia. The company operates internationally providing property development and management services. It was founded by Mochtar Riady. Lippo has a collective presence across Asia and North America. Lippo Group is one of the largest real estate developers in Indonesia, and is known for various large-scale projects such as Lippo Village.

Lippo Group's members Lippo Limited, Lippo Karawaci are listed companies.

Company history[]

Lippo Centre in Hong Kong

The Lippo Group began with Lippo Bank, later using this as a platform for regional property development projects. In 2001, the Lippo Group delved into the education market with the newly minted Putian University (in Putian, Fujian Province, China) by providing international training (using English) for specially-selected accounting and computer science students.

Lippo Group controls in excess of $15 billion in assets with significant investments in retail, media, real estate, banking, natural resources, hospitality, and healthcare industries. The group's flagship operating platforms include OUE Singapore, Lippo Karawaci Indonesia, Hypermart, Matahari, Siloam Hospitals Indonesia, First REIT, LMIR REIT, Auric Pacific, and Lippo Incheon Development.

Company group[]

• BeritaSatu Media Holdings
  • Jakarta Globe
  • Investor Daily
  • Suara Pembaruan
  • Globe Asia
  • JakartaGlobe.id
  • Investor.id
  • BeritaSatu
  • BeritaSatu World
  • First Media Channels
• • Matahari Department Store
  • • Hypermart
    • Timezone
  • OVO
  • First Media
    • HomeCable
    • First Media X
• Lippo Karawaci
  • Lippo Cikarang
  • Lippo Village
  • • Plaza Semanggi
    • Pejaten Village
    • Pluit Village
    • Sun Plaza
    • Meikarta
  • Country Club
  • Menara Matahari
  • Pelita Harapan University
  • Pelita Harapan School
  • Aryaduta Hotels^[1]
  • Siloam Hospitals

Former holdings[]

• Axis Telecom (formerly known as Lippo Telecom; sold to Maxis Communications and Saudi Telecom Company; currently owned by XL Axiata)
• Lippo Bank
• Cinépolis Indonesia (formerly known as Cinemaxx; now owned by Cinépolis)
• Lippo Satellite
• JCSAT-4B (formerly known as Lippostar-1 and now owned by SKY Perfect JSAT Group)

See also[]

• Lippo Limited, a Hong Kong listed company also owned by Riady
  • Hongkong Chinese Limited, a Hong Kong listed company
    • Hongkong Chinese Bank, a Hong Kong bank that was sold by Hongkong Chinese Limited in 2002 and became defunct in the same year due to merger
• Lippo China Resources

References[]

Wikimedia Commons has media related to Lippo Group.