Michael Riady joined the Lippo Group, a multi-billion plus Pan Asia Pacific diversified conglomerate, in 2004, through PT. Lippo Karawaci, Tbk. as a casual leasing agent in one of the malls. Over a period of time, Riady worked across various departments and took more responsibilities.
Currently, Riady serves in various positions within the organization, primarily real estate in the United States of America and Indonesia. Riady has extensive experience in real estate design and development, operations and corporate finance.
Riady is a Director of Lippo Malls, Indonesia's largest owner with 42 malls and over 25 in the pipeline. He is also the CEO of The St. Moritz, an 11 million square feet US$1.2 billion mixed-use development in Jakarta, Indonesia. Previously, Riady served as the CEO of Lippo Malls Indonesia and Director of Kemang Village, a US$1 billion mixed-use development. Riady has sold over 1,000 units of condos worth US$300 million since 2008 and developed Indonesia's largest shopping mall of 4.5 million square feet among others. Riady was actively involved in a global road show that raised US$250 million in equity for the company in 2009. Riady was consistently ranked as one of the Top Sales CEO performer for the whole company from 2008 to 2012.
Riady spearheaded the group's return to the United States of America in 2010 and serves as the Country Managing Partner of Lippo North America, which oversees all the group's activities in America. Riady is also the Managing Partner of Lippo Energy, which has direct interests in a copper and gold mine operation in Utah. Recently, Riady sourced and led the team to the sole acquisition of California's tallest iconic US Bank Tower in Bunker Hill, Downtown Los Angeles.
Previously, he was a guest speaker at CNBC Cash Flow, International Council of Shopping Centers (ICSC) World Summit - Shanghai, ICSC Recon - Las Vegas, Asia GRI Singapore, The Real Estate Show Singapore, National University of Singapore Business School Jakarta Forum. He received Asia Society's "Young Leaders under 40" award in Malaysia. Riady has appeared in various publications including Investor and Fortune Magazine - Indonesia edition. Riady sits on the Founding Board of UCLA's Ziman Center of Real Estate since summer 2013.
Michael Riady graduated with a Bachelor's degree in Business Administration from California State University, Fullerton (CSUF), followed by an Executive MBA dual degree from the University of California, Los Angeles (UCLA) Anderson School of Management and National University of Singapore (NUS). Riady was born in Jakarta and is of Chinese-Indonesian descent.