30 Groups Who Own Jakarta Nightlife
By
Tibs
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You would be surprised to know that 90% of Jakarta's main clubs, bars, spas and karaokes are in the hands of less than 50 persons and only about 30 groups. It is quite difficult to know precisely who owns what because there are usually several partners in each business venture . This is a way to minimize the investment cost, to spread the risks and to help with the promotion. Each of the owners brings his network of friends, family, strategic connections and partners to support the business and to make it grow. Within the same group, it is also not uncommon to have several companies (PT) with different shareholders each. Another difficulty is that the real owners are sometimes hidden behind a nominee. This is especially true when the venue is reputed for hosting illegal activities such as drugs, prostitution or gambling. The best illustration for that is Tommy Winata who has the particularly of being a nominee who uses other nominees: He owns stakes in multiple compan