Low Tuck Kwong
Coal · Jakarta
Net worth
$9.7B
Today
−$127M−1.29%Past month
−$6.2B−38.78%As of Nov 11, 2026, 1:50 PM EST
Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia. He also controls Singapore's renewable energy company Metis Energy (formerly known as Manhattan Resources) and has interests in The Farrer Park Company and Samindo Resources. Low is backing SEAX Global, which is building a submarine sea-cable system for internet connectivity linking Singapore, Indonesia and Malaysia. In 2024 he transferred a stake in Bayan, worth $6.6 billion at the time, to his daughter Elaine. In October 2026, Low and Elaine sold a roughly 30% stake in Bayan, or half of what they owned, to Indonesian coal tycoon Samsudin Andi Arsyad for $1.5 billion, 80% lower than market price.
Net worth over time
Principal holdings
4 positions| Company | Industry | Share | Value |
|---|---|---|---|
Bayan Resources Group INDONESIA: BYAN-ID | Energy | 51.8% | $5.0B |
Private and other holdings | Energy | 47.7% | $4.6B |
Manhattan Resources SINGAPORE: L02-SG | Energy | 0.4% | $40M |
Samindo Resources INDONESIA: MYOH-ID | Energy | 0.2% | $17M |
Also known for
- Low thrived as a building contractor but hit the jackpot after buying his first mine in 1997.
- The animal lover has sponsored a zoo with gibbons, sun bears, peacocks and orangutans.
- In 2019, Low Tuck Kwong donated $7 million to Dana Lestari ITB, an endowment fund of the Bandung Institute of Technology.