Ted Sioeng

Ted Sioeng (pronounced 'shyong' ) , also known as Xiong Delong and Sioeng San Wong, and other parts of Asia, worth around US$500 million.

Background Sioeng grew up in Indonesia. Raised in an ethnically Chinese family, he has a strong affinity for China, which is now the focus of his business interests, while he also admires the United States - he and his family have been based in Los Angeles since 1987.

Business interests While in his 20s, Sioeng became successful selling foam rubber padding. In the 1970s, he was quick to recognize that money could be made in emerging China and he built a multimillion-dollar fortune selling the Chinese used factory equipment – such as for cigarette- and toy-manufacturing and in the medical field – and exporting Chinese cigarettes to the West. In China, he goes by the name Xiong Delong.

According to an unclassified final draft of a report by the US Senate committee then investigating campaign finance abuses, half of the $400,000 given to the Democrats by Sioeng and his family was "funded by transfer from overseas accounts," suggesting that the money came from the Chinese government.

Arrest and trials After being an Interpol fugitive since April 2023 for bad credit case against Mayapada with the amount of 1.550 trillion rupiah (US$95.3 million), Sioeng was arrested in China who was in hiding under the alias of Gatot S with Belizean passport. Sioeng landed in Jakarta in November 2024 and was taken to Kramat Jati Police Hospital afterward for a medical checkup. Sioeng was charged for credit fraud against Mayapada that caused 133 billion rupiah (US$8.172 million) and was sentenced 3 years in prison due to his proven fraud and refusal to cooperate with the law but judges also commuted his sentencing due to his old age and he said to have returned 70 billion rupiah (US$4.3 million) to Mayapada.

Family and personal life Sioeng, who is ethnically a Dutch-Indo descent, began his life in an orphanage. He was then brought up (in Indonesia) by an Indonesian Chinese couple, which led to his interests in China.

He is married with five children, including his eldest, daughter Jessica Elnitiarta, who heads the family interests in California and was also involved in the Clinton controversy, having donated $300,000, some of which was alleged to have been Chinese government money.

Mr. Ted Sioeng holds a Singapore passport but his wife and children are permanent U.S. residents. He is able to speak good English.