James Tjahaja Riady (Chinese: 李白; pinyin: Li Bái; born 7 January 1957 in Jakarta)^[3] (also known as Lie Zen^[4]) is an Indonesian businessman and the deputy chairman of the Lippo Group, a major Indonesian conglomerate. One of the most prominent Chinese Indonesian businessmen, he is the son of Mochtar Riady, who founded Lippo Group. Lippo ceded its control of Lippo Bank to Khazanah of Malaysia in 2005. Since his conversion to evangelical Christianity, James is now focusing on the study of theology.

Riady studied at the University of Melbourne in Australia.^[4]

Riady's entry into the American business community began in 1977, when he was persuaded by Arkansas banking moguls W. R. Witt and Jackson T. Stephens, and founders of Stephens Inc., one of America's largest investment banks outside of Wall Street, to become partners in the Stephens's Worthen Banking Corporation, after the younger Riady was sent by his father, Mochtar Riady, to set up a banking presence in the United States. Mochtar Riady was also interested in helping Jimmy Carter's former budget director, Bert Lance, sell stock he held in the National Bank of Georgia, though the deal never materialized. Through their dealings with Stephens Inc. the Riadys made the acquaintance of the then-Arkansas governor, Bill Clinton. In the early 1980s James and his father signed a licensing agreement with Zenith Electronics to produce color television sets in Indonesia and built a large production plant near Jakarta. Later, in 1985, Worthen was indicted of having administered several million dollars' worth of illegal, preferential loans to companies owned by the Riadys. The loans had allegedly been channeled through Lippo Finance and Investment, the Riadys' Little Rock-based company established in 1983, as well as the Stephenses and Liem Swie Liong, another Chinese-Indonesian businessman, sometimes described as having been Mochtar's mentor.^[5]

After Worthen, James Riady bought the Bank of Trade in California, the oldest Chinese-American bank. Not long afterwards, the U.S. federal government issued cease-and-desist orders for "hazardous lending" and for violations against the money-laundering statutes.^[6] Riady then promptly sold the bank.

James Riady moved to Los Angeles and established Lippo Bank with the help of Taiwanese banker John Huang. Again the bank lost a lot of money, made a number of bad loans, and violated laws of money laundering. James Riady established ties with Johnny Rayati in 2018 to enter the cannabis business in Washington state.

Together with Jim Guy Tucker he established a company called AcrossAsia Multimedia Ltd. Tucker, another former Arkansas governor, had been forced to vacate the governor's mansion in 1996 due to alleged fraud in the Whitewater scandal. The two had met through Little Rock's Second Presbyterian Church. With AcrossAsia Multimedia they wanted to build the largest cable TV infrastructure in Indonesia using a company called Kabelvision. The venture was unsuccessful.

The Riady family recently acquired the tallest skyscraper in the western US, Los Angeles' US Bank Tower, for $367.5M through OUE, a Singapore-listed entity that it controls.^[7] Silverstein Properties bought the US Bank Tower from OUE in 2020 for about $430M.^[8][9]

Since converting to Christianity in 1990, Riady has been an avid evangelical. He has established foundations, charities and Christian-inspired schools to spread the message in Muslim-majority Indonesia. Inevitably, his zeal has clashed with conservative Islamic elements in the country.

James is a collector of paintings and is known to have spent millions of dollars on a single work of art.^{[citation needed]} Part of his collection is displayed at the UPH Painting Museum on the 3rd floor of Matahari Towers in Lippo Karawaci. It has more than 700 paintings by prominent national and international painters including Raden Saleh, Affandi, A. Sudjono, Barli, Wakidi, A.D. Pirous, Widayat, Zaini, Srihadi Soedarsono, Agus Djaya, Trubus, Mochtar Apin, Sudjana Kerton, Ivan Sagito, But Mochtar, Hendra Gunawan, Dede Eri Supria, Nasiah Djamin, Walter Spies, R. Bommet, Willem Dooijewaard and J.D. Van Herwerden.^[15][16] Some of his collection has also been displayed in exhibitions at upscale malls and residential compounds.^[17][18]

James Riady lives in Karawaci with his family. He is married to Aileen Hambali, and they have four children altogether: Caroline Riady Djojonegoro, John Riady, Stephanie Riady, and Henry Riady. His father is Mochtar Riady, a prominent Indonesian businessman. ^[19]