Jakarta, Indonesia Sentinel — As Joko Widodo (Jokowi) officially steps down as Indonesia’s seventh president on Sunday, October 20, 2024, his wealth accumulated during his 10-year presidency has drawn public attention. With his term now over, Jokowi is set to return to his hometown of Solo, Central Java, as Prabowo Subianto takes over as Indonesia’s eighth president.
During his presidency, Jokowi earned a salary and various allowances, which he reported through Indonesia’s official asset disclosure system, the e-LHKPN (Electronic Wealth Report for State Administrators) managed by the Corruption Eradication Commission (KPK). The report provides insight into how Jokowi’s wealth has grown over the years.
As of his most recent report in December 2023, Jokowi’s assets were valued at IDR 95.82 billion (approximately USD 6.3 million). This marks a significant increase from the IDR 33.47 billion (USD 2.2 million) he reported when he first took office in 2014—a 186.2% rise over the decade. In total, Jokowi’s wealth has grown by IDR 62.34 billion (USD 4.1 million) during his time in office.
The largest portion of his assets, IDR 74.19 billion (USD 4.8 million), comes from property, including land and buildings located in various regions such as Sukoharjo, Surakarta, Sragen, Karanganyar, and South Jakarta. His vehicle collection is relatively modest, with a reported value of IDR 423 million (USD 28,000), featuring vehicles like a Suzuki pickup truck and a Mercedes-Benz sedan.
Additionally, Jokowi’s movable assets are worth IDR 356.9 million (USD 23,000), while his cash and cash equivalents amount to IDR 20.83 billion (USD 1.36 million). Notably, Jokowi reported having no debt, solidifying his total net worth at IDR 95.82 billion.
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The transparency of Jokowi’s wealth throughout his presidency has been subject to public scrutiny, highlighting both his financial growth and the importance of financial transparency for public officials in Indonesia.
(Becky)
