Bet of a lifetime’s 10,000% surge made Indonesian man a billionaire

Sugiri, 68, is not just a multimillionaire. He’s one of the world’s richest people with a fortune estimated at US$2.5bil, according to the Bloomberg Billionaires Index. — PT DCI Indonesia

Otto Toto Sugiri was already a multimillionaire after selling his company to Indonesia’s largest telecom operator. Then he spotted a once-in-a-lifetime opportunity.

It was 2011, and web usage in the nation was booming. To ensure data security, the government was planning a law requiring online information to be stored in Indonesia rather than abroad. That meant a huge need for local data centres.