Indonesia’s richest woman Marina Budiman saw a massive drop in her wealth in just three days. She previously had a net worth of $7.6 billion, but suddenly her wealth decreased by about $3.6 billion due to fluctuations in the company’s stock. This incident proved to be a big shock not only for her but for the entire market.
Reason for the decline in the company’s stock
Marina Budiman, who is the co-founder and president of data center company DCI Indonesia (DCII), saw her wealth drop due to sudden fluctuations in the company’s stock prices. DCII shares were showing gains in the market, but suddenly their prices fell. According to analysts, the reason for this decline may be the populist policies of President Prabowo Subianto. In addition, forced liquidation and growing uncertainties over the leadership of the Ministry of Finance may also affect stock prices.
Financial performance of the company
DCII, which operates in the data center sector, had revenue of $112 million and profit of $49 million last year. However, this time the company’s stock market declined and on Tuesday the company’s market value was close to $17 billion. Despite this, DCII’s shares were valued 416 times higher, the highest among the companies tracked by Bloomberg.
Company structure and ownership
The majority of DCII shares are owned by Marina Budiman, Oto Toto Sugiri and Han Arming Hanafia. In addition, billionaire businessman Anthony Salim is also a shareholder in the company. The entire group holds about 78 percent of DCII’s shares. Despite this large ownership, the wealth of these large shareholders has also declined significantly due to fluctuations in the company’s share price.
Market impact and future situation
This sudden sell-off has shocked the market and traders believe that it was an unexpected event. However, experts say that this incident will have an impact on the market and may lead to further uncertainties in the future. Concrete steps will be needed in the coming time to improve DCI Indonesia’s shares, so that the company can be pulled out of financial crisis and investors’ confidence can be restored again. This incident has served as a warning not only for Marina Budiman but for the entire Indonesian business sector that fluctuations and uncertainties always remain in any market, which can also affect the wealth of large investors.
