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Mochtar Riady was born to wealthy Chinese family in Malang East Java in 1929. A most painful childhood, his father was put in jail for three and a half years by invading Japanese military. His mother died when he was 9. He studied Philosophy for 2 years at Nanjing University but dropped out. Returned to Indonesia, he moved to Jakarta in 1954, and in 1955 he founded Commerce Kapital, a small private bank, with $2,000 US. His big breakthrough came in the 1970s when he hired 86 Americans to merge with other banks and IPO. He soon branched into real estate, education, telecommunication, healthcare and built Lippo Group into one of largest conglomerate in Indonesia. He even expanded overseas to own property in LA and worldwide. In 2021, he is 92 year old and his empire is run by his 2 sons: James and Stephen Riady