Alexander Ramlie Net Worth: $1.4B per Forbes in May 2026, Down From $3.1B on the 2024 List, Yet Fronting a $3.9B Deal
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Alexander Ramlie's net worth was $1.4 billion per Forbes' real-time tracker, as cited in its article of 18 May 2026. Forbes' 2024 Indonesia list had put him at $3.1 billion, and he ranked 35th on the Forbes Indonesia's 50 Richest 2025 list. On the same day as the $1.4 billion figure, his company Dhilmar agreed to buy Anglo American's Australian steelmaking coal mines for up to about $3.9 billion, a price almost three times the fortune Forbes assigned him.
Ramlie is a former investment banker and was president director of Amman Mineral Internasional, the Indonesian copper and gold miner, until he stepped down in June 2025. He now sits on its board as a commissioner and is chief executive of the UK-registered Dhilmar.
| Publisher | Series | Figure | Rank in Indonesia |
|---|---|---|---|
| Forbes, Indonesia's 50 Richest 2023 (via Okezone, December 2023) | Annual list | $2.5 billion | 23rd |
| Forbes, Indonesia's 50 Richest 2024 (via Okezone, May 2024) | Annual list | $3.1 billion | not confirmed |
| Forbes, Indonesia's 50 Richest 2025 (via ABC News, 20 May 2026) | Annual list | dollar figure not confirmed | 35th |
| Forbes, real-time tracker (Forbes article, 18 May 2026) | Real-time | $1.4 billion | not stated |
Every row is Forbes, so the comparison stays inside one publisher. It is still two different cuts: annual list snapshots and a real-time reading taken on a different day, so the drop from $3.1 billion to $1.4 billion should be read as a direction, not a precise measurement. We could not confirm the dollar figure Forbes printed on its 2025 list, and we are not filling the gap with a number from an undated source.
We did not find a Bloomberg Billionaires Index figure for Ramlie. With only one tracker pricing him, there is no disagreement between publishers to show, but the gap between Forbes' own list and real-time readings is a disagreement of a kind.
Forbes traces the fortune to mining, and the anchor is Amman Mineral Internasional, listed on the IDX as AMMN. Ramlie is a long-standing figure at the company, which is the same business covered in the profile of Agoes Projosasmito, and its largest holder is the vehicle discussed in the profile of Anthoni Salim. Those are separate entries on the same company, and their holdings must not be added together.
Ramlie's own disclosed stake is small. IDN Financials reported that at the end of June 2026 he held 0.256% of AMMN, about 185.78 million shares, and that on 17 and 20 July 2026 he bought 4.62 million more shares for about Rp18.16 billion. These are openly filed purchases. How much of his tracked fortune sits in other vehicles, or in other hands, is not something the publishers we found explain.
He stepped down as president director in June 2025 ahead of the company's shareholder meeting and was nominated as a commissioner, per Bisnis.com (15 June 2025). We did not find a published reason beyond that.
On 18 May 2026, Anglo American agreed to sell its Queensland steelmaking coal assets to Dhilmar. Per Reuters and Forbes, the price is $2.3 billion in cash at completion plus up to $1.575 billion in an earnout linked to coal prices, so up to about $3.88 billion. Completion is expected by the first quarter of 2027. Forbes describes Dhilmar as backed by Ramlie, and says it earlier bought the Éléonore gold mine in Quebec from Newmont for $795 million.
ABC News reported a higher valuation for the same transaction, up to $5.43 billion, which we show rather than reconcile because we could not see how it was calculated. None of the articles we found says how Dhilmar is financed or who else holds it, so the deal size says nothing on its own about how much of it is Ramlie's money. A tracker prices what a person owns, not what a company they run is buying.
None of the publishers we found says why Forbes' figure for him fell between its 2024 list and May 2026.
Only partly. His AMMN position is on public filings, but the Dhilmar interest is held through a private company, and Forbes does not publish how it values it. The same holds for any shares moved to family members, which we have not confirmed. Compare Low Tuck Kwong, whose coal fortune sits in a listed company that can be checked against filings, or Arini Subianto, whose figure also leans on a private holding company.
A deal is not a net worth. A company a person leads can transact at a multiple of the fortune a tracker assigns them, because the tracker counts only the stake it can attribute to that person.
One tracker can disagree with itself. Forbes' annual list and its real-time reading are different measurements taken on different days. Nothing in the public record found for this article suggests anything beyond openly disclosed shareholdings and a publicly announced transaction.