Eddy Katuari Net Worth: Off Forbes' Indonesia List in 2024, Back at $995 Million in 2025
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Eddy Katuari's net worth was $995 million, per Forbes' "Indonesia's 50 Richest 2025" list, published 10 December 2025, where Forbes lists him as "Eddy Katuari & family" with the source of wealth "Manufacturing". The same publisher had him at $1.03 billion, 46th nationally, on its 2023 list, and then left him off its 2024 list entirely. So the number came back lower than the one that got him dropped. All three data points are Forbes, which makes this one publisher's list-to-list history, not two trackers disagreeing.
Forbes has priced the Katuari family on three consecutive annual "Indonesia's 50 Richest" lists, and the middle one is a gap. On the 2023 list (published 6 December 2023) the family was at $1.03 billion, 46th. On the 2024 list (published 11 December 2024) the name was missing: CNN Indonesia, reporting on 13 December 2024, listed him among three conglomerates that dropped out, and the 50th place that year was held by Han Arming Hanafia at $1.05 billion, just above the earlier Katuari figure. On the 2025 list (published 10 December 2025) the family returned at $995 million, near the very bottom of the ranking. Search summaries of Forbes' list page give both 49th and 50th for that position, so treat it as one of the last two places rather than an exact rank. Forbes reported the qualifying minimum fell to $920 million in 2025 from $1.05 billion in 2024, which is why a smaller figure could get back on.
| Date | Publisher | Figure | Context |
|---|---|---|---|
| 6 December 2023 | Forbes, "Indonesia's 50 Richest 2023" | $1.03 billion | 46th nationally |
| 11 December 2024 | Forbes, "Indonesia's 50 Richest 2024" | Not on the list | 50th place was $1.05 billion, per CNN Indonesia |
| 10 December 2025 | Forbes, "Indonesia's 50 Richest 2025" | $995 million | Bottom two places; list minimum $920 million |
The figure is a family figure carried under his name, not a personal one. Forbes titles the entry "Eddy Katuari & family", and it does not say how the total divides among relatives. Forbes also keeps a separate profile page for Wings co-founder Harjo Sutanto, so the Katuari figure is not presented as the value of all of Wings. No Bloomberg Billionaires Index figure naming him was found this run.
Wings began in Surabaya in 1948 as a maker of affordable laundry soap, cofounded by Johannes Ferdinand Katuari and Harjo Sutanto, per Forbes. Eddy Katuari took over the household goods maker in 2004 after his father died. Today Wings makes soap, laundry detergent, toilet cleaners and sanitary napkins, and its Mie Sedaap noodle brand is sold in dozens of countries, per Forbes. Wings is not listed on any stock exchange, so there is no share price to check the figure against. Every dollar in the tracked number comes from a publisher's valuation of a private group, which is the same situation as Husodo Angkosubroto, whose agriculture and insurance group is also wholly private.
The clearest movement here is on the list, not in the company. Forbes reported that the combined wealth of its 50 Indonesians rose about 16% in 2025 to over $300 billion, amid a stock market rally, with data center founders climbing into the top 10. Over the same two years, the Katuari figure went from $1.03 billion to $995 million, a fall of roughly 3%, staying within one publisher's series. The likely reading, though Forbes does not spell it out for this family, is that a privately held consumer goods group did not ride a listed-stock rally the way the newer entrants did. In January 2024, Bisnis.com reported that Wings Group is among the investors in the Nusantara Consortium for the new capital city, with a pledge to build a nonprofit botanical garden. No source found this run ties any single event to the size of Forbes' 2025 figure.
Not very, and the gap in 2024 shows why. When a fortune sits just above a list's cutoff, a small change in Forbes' own valuation, or in the cutoff, decides whether a name appears at all. The 2024 absence does not mean the family became poorer by any stated amount, because Forbes published no figure that year. The number to trust is the bracket: roughly $1 billion, in three consecutive years of Forbes coverage, with one year unpublished. Compare that with Kuncoro Wibowo, who also left a Forbes list, but in his case a listed retail stock's fall was the reported reason, and with Han Arming Hanafia, who held the 50th place in the year Katuari was absent.
A rich list is a threshold as much as a ranking. A fortune near the bottom can appear, vanish and reappear with only a modest change in the underlying number, so a name's absence for a year tells you about the cutoff at least as much as about the person. When you read "X dropped off the list," check whether the publisher published a lower figure or no figure at all. NetWort's market page tracks the listed companies whose share prices do move fortunes daily, the opposite of a private group like Wings.