Ciliandra Fangiono Net Worth: $3.05B per Forbes, Up From $2.4B in a Year but Ranked Lower
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Ciliandra Fangiono's net worth was $3.05 billion per Forbes' Indonesia's 50 Richest 2025 list, updated on 10 December 2025, where he ranked 27th. A year earlier, Forbes' 12 December 2024 list had put him at $2.4 billion, 24th. His number rose by about 27%, and his rank went down by three places. Both facts come from the same tracker, so this is a genuine before-and-after.
Fangiono, 50, is CEO of First Resources, a Singapore-listed palm oil company with plantations in Indonesia that his father, Martias Fangiono, founded in 1992. Forbes lists the entry as "Ciliandra Fangiono & family", so the figure prices the family's holdings, not his personal stake alone.
| Publisher | Date | Figure | Rank in Indonesia |
|---|---|---|---|
| Forbes, Indonesia's 50 Richest 2024 | 12 December 2024 | $2.4 billion | 24th |
| Forbes, Indonesia's 50 Richest 2025 | 10 December 2025 | $3.05 billion | 27th |
Both rows are Forbes, and both are annual list snapshots, so comparing them is fair. Forbes also reported that the combined wealth of its 2025 list reached $306 billion, up from $263 billion the year before. That is why a fortune can grow and still lose places: the people around it grew faster.
We did not find a Bloomberg Billionaires Index figure for Fangiono, and we did not find a dated Forbes real-time figure for him in 2026. Reports that cite $2.2 billion, $2.35 billion or $1.83 billion circulate in older coverage without a date we could confirm, and we have not used them.
Forbes traces the fortune to First Resources, a palm oil producer with plantations across Sumatra and Kalimantan, listed in Singapore since 2007. Forbes says the family holds a majority stake. Fangiono's sister, Wirastuty Fangiono, also appears on Forbes' lists and, per Forbes, controls the Indonesia-listed palm oil company FAP Agri and holds a stake in First Resources. His brother, Cik Sigih Fangiono, is deputy chief executive of First Resources.
Because First Resources is listed, the largest part of the number is repriced with its share price. Stakes held privately by the family are not.
The best-documented change is corporate. Forbes reported on 18 March 2025 that First Resources agreed to buy about 91% of Indonesian palm oil company Austindo Nusantara Jaya (ANJT) for $329 million. Indonesian outlet IDN Financials reported the purchase of 91.17% from four major shareholders was completed on 6 May 2025. Bisnis.com reported on 6 October 2025 that the follow-on mandatory tender offer closed on 3 October 2025, lifting First Resources' holding to 95.92%.
On results, First Resources' own 1Q2026 filing to the Singapore Exchange, reported in May 2026, showed net profit up 53.1% to $96.6 million, sales up 70.4% to $477.2 million, and crude palm oil production up 34.5% year on year. The company attributed the sales increase to higher volumes, higher production, more third-party purchases and an inventory drawdown.
None of the publishers we found links these events to Forbes' change in his figure, and Forbes' list date of December 2025 precedes the 1Q2026 results. They are background about the company, not an explanation of the number.
Moderately. The listed stake can be checked against filings and the share price, which is more than can be said for fully private fortunes. What cannot be checked is how Forbes values the family's other holdings or splits a "& family" entry between relatives. Compare Martua Sitorus, whose wealth also traces to palm oil, or Sukanto Tanoto, where plantations sit inside a wider group. For how the commodity itself moves, see NetWort's piece on the CPO price cycle, and the market page for listed prices.
A rising number and a falling rank can both be true. Forbes' list total grew from $263 billion to $306 billion, so a 27% gain still lost three places.
Read "& family" as a household figure. Forbes' entry prices the family's holdings together, and it should not be quoted as Fangiono's personal balance sheet. Nothing in the public record found for this article suggests anything beyond a large, openly disclosed shareholding in a listed company.