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Agus Suparmanto‘s Wealth and Contentious PPP Chairmanship
Former Indonesian Minister of Trade Agus Suparmanto is at the center of a dispute regarding his recent acclamation as Chairman of the United Growth Party (PPP), a claim the party itself disputes as violating its internal regulations. This comes as scrutiny of Suparmanto’s substantial wealth, publicly disclosed in a 2021 assets report, resurfaces amid the political controversy.
The dispute over Suparmanto’s leadership and renewed attention to his financial holdings highlight ongoing concerns about transparency and governance within Indonesian politics. The PPP’s rejection of the acclamation raises questions about the party’s internal dynamics and the legitimacy of the process,while the details of Suparmanto’s wealth offer a glimpse into the financial profile of a prominent political figure. The outcome of this internal party conflict could significantly impact the PPP’s future direction and its role in Indonesian politics.
According to a report submitted to the Corruption Eradication Commission (KPK) on March 31, 2021, Agus Suparmanto’s total wealth amounted to rp 1,625,410,685,152 (approximately $104.7 million USD based on 2021 exchange rates). this wealth is comprised of a diverse portfolio of assets.
The largest component of Suparmanto’s wealth is real estate, totaling Rp 896,443,102,000, spread across 15 properties in South Jakarta, Bandung, Badung, and Singapore. He also owns two vehicles – a 2019 Lexus RX 300 Luxury 4×2 valued at Rp 1,300,000,000 and a 2006 Lexus GS 300 valued at Rp 250,000,000 – for a combined value of Rp 1,550,000,000.
Beyond property and vehicles, Suparmanto’s assets include Rp 950,000,000 in other movable assets, Rp 766,273,000,000 in securities, and Rp 51,213,209,476 in cash and cash equivalents. He also reported a debt of Rp 91,018,626,324, bringing his net worth to Rp 1,625,410,685,152.
Recent reports indicate the PPP has contested the claim that Suparmanto was chosen as chairman by acclamation, asserting the process does not align with the party’s Articles of Association and bylaws (AD/ART). (https://nasional.kompas.com/read/2025/09/28/11322061/ppp-sebut-klaim-aklamasi-agus-suparmanto-tidak-sah-menurut-ad-art)
