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When the US President is Your 'Best Friend'

Tuesday, January 23, 2001

Tycoon James Riady is only required to do community service at the Pelita Harapan Foundation, which he owns. Steps to impose stiffer penalties on him are ongoing, however.

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James Tjahaja Riady has a brilliant name (Tjahaja means 'light' in Indonesian). His Lippo Group has a cool symbol that combines the alpha and omega letters to form the number 8 in brilliant red. In Chinese mythology, eight symbolizes good luck, a symbol of infinite prosperity—no beginning, no end. In 1997, Forbes listed the Riady family as number six on the rich list in Indonesia, with a total wealth of US$1.8 billion.

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