Mysterious Stock Surge Produces Indonesia’s Newest Billionaire
- Pollux Properti’s gain has boosted Nico Purnomo Po’s net worth
- Some market observers say the stock’s rally is unjustified
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Ask Nico Purnomo Po about the world-beating stock rally that turned him into Indonesia’s latest billionaire, and he’ll tell you the market is rewarding his property company’s ability to complete big projects in prime locations.
“There were concerns before about whether we could execute what we had promised to customers, but we’ve proven ourselves,” Nico, 37, the chief operating officer and controlling shareholder of PT Pollux Properti Indonesia, said in an interview.