Otto Toto Sugiri Net Worth: Forbes Cut His Fortune By Nearly a Third While His Data Center Kept Growing
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Otto Toto Sugiri's net worth was $7.80 billion, per a Forbes Real-Time Billionaires snapshot dated 27 July 2026, ranking him 488th in the world. Seven months earlier, on 10 December 2025, Forbes' annual "Indonesia's 50 Richest" list had put him at $11.3 billion, sixth nationally. That is close to a third of his Forbes-tracked fortune gone in seven months, even as the company behind it kept growing its revenue every quarter.
Sugiri cofounded PT DCI Indonesia Tbk (DCII) in 2011 with Marina Budiman, whose own fortune this series already covered. Their two profiles are, in effect, the same stock story told from two different shareholders' seats.
| Publisher | Date | Figure | Note |
|---|---|---|---|
| Forbes, "Indonesia's 50 Richest" (annual) | 10 December 2025 | $11.3 billion | #6 nationally |
| Forbes Real-Time Billionaires | 27 July 2026 | $7.80 billion | #488 world |
| Bloomberg Billionaires Index (Bloomberg Technoz) | end of June 2026 | ~$8 billion (Rp143.12 trillion) | #7 nationally |
| Bloomberg Billionaires Index (Bloomberg Technoz) | 31 July 2026 | Rp142.28 trillion | #7 nationally, #495 world |
Two things stand out. First, both Forbes snapshots are the same publisher and methodology, so the drop from $11.3 billion to $7.80 billion is a legitimate before-and-after, not a mismatch between trackers. Second, Bloomberg's own figure barely moved over the same stretch, roughly flat between end-June and end-July 2026. One tracker recorded a steep fall. The other recorded almost none. Both are reporting on the same person and roughly the same period.
Almost all of it is DCII, the data center operator he and Budiman built after already founding Indonesia's first internet service provider together in 1994. Per DCII's shareholder disclosure to the Indonesia Stock Exchange as of 28 February 2026 (reported by StockWatch.id), Sugiri is the company's single largest shareholder:
| Holder | Shares | Stake |
|---|---|---|
| Otto Toto Sugiri | 712,784,905 | 29.9% |
| Marina Budiman | 536,505,149 | ~22.51% |
| Han Arming Hanafia | 336,352,227 | ~14.11% |
| Anthoni Salim | 265,033,461 | ~11.12% |
Those four holders control roughly 77.6% of DCII between them. Free float, the shares actually available to trade, was just 18.55% on the same disclosure date. Sugiri's own 29.9% direct stake is the largest single block in the company, larger than Budiman's, which makes him the shareholder most exposed to whatever the stock does next.
The business itself did not fall apart. DCI Indonesia's first-quarter 2026 results, reported by Katadata and IndoPremier in late April 2026, showed revenue up 10.93% year over year to Rp858.10 billion. Net profit fell 9.8% to Rp377.75 billion, down from Rp418.84 billion a year earlier, as the cost of running and expanding the data centers rose faster than revenue did. Growing but less profitable is not the same story as shrinking.
The stock told a rougher story than the earnings did. On 16 July 2026, CNBC Indonesia reported that DCII fell about 7.4% intraday to Rp183,900, even though sell orders at some price levels were as thin as one or two lots, making it the single largest drag on the Jakarta Composite Index that day despite barely any volume changing hands. Days later, on 21 July 2026, Suara.com cited a KB Valbury Sekuritas note flagging DCII's valuation, a price-to-earnings ratio above 490 times, against average daily transaction value of under Rp500 million, the same warning already covered in Marina Budiman's profile.
Meanwhile Fitch Ratings affirmed DCI Indonesia's credit rating at AA-(idn) around the same week (radartasik.id, 21 July 2026), alongside plans to expand data center capacity toward 850 megawatts. A stable credit outlook and an expansion plan are not what a company in real trouble usually gets. No single report in this run's research draws a direct line from any one of these events to the size of Forbes' 31% cut, and this article does not draw one either.
Less knowable than a typical single-stock fortune, for a specific, documented reason. DCII is fully listed and its major shareholdings are on the public record, unlike a private conglomerate. But with under a fifth of the company actually floating, the price a handful of trades sets on any given day is what every tracker has to price Sugiri's 29.9% against. That is the same mechanism this series flagged on Marina Budiman's DCII stake, and it rhymes with what happened to Wang Xingxing's fortune after Unitree's thinly floated debut, though DCII has traded publicly since 2021, not for a matter of days.
Two people can hold stakes in the same company and see their tracked wealth move in opposite directions within the same year, depending on which tracker is asked and which week it is asked in. That is not a contradiction to resolve. It is what happens when a large fortune sits in a small float.
NetWort's Holdings view shows what share of your own portfolio sits in a single position today, not what it was when you first bought it, so a concentrated bet does not stay invisible until a volatile week reveals it. For the mechanics of exactly how much a heavy single-stock weighting can cost on a bad day, portfolio concentration risk walks through the math.