Sukanto Tanoto – Indonesia’s Seventh Richest Businessperson

Royal Golden Eagle’s Desires to Go Green

With the stack of complaints and protests from people and the society in Indonesia due to the company’s operation that allegedly damages the environment, Anderson Tanoto, the next-generation leader of the company stated the company’s intention to work on the issue. This future leader of Tanoto’s business empire gives hope to the Sumatran environment by taking different approach to the environmental concerns that have long overshadowed the family’s business.

Commitment for the environment

Anderson Tanoto, 24, is now pledging the long-term commitment of the company towards Indonesia’s environment. He stated his willingness to reset the company’s relationship with the green activists who have protested and criticized the company’s practice in pulp and paper business sector. In a gathering held July 2013 in Kerinci, Riau, Anderson told the media about the importance to give second generation leaders an aspiration to become more interactive and value the role of environment while keep the business running. It is also one of the ways towards a better world.

RGE to be More Transparent

Tanoto’s businesses have suffered lots of accusations when it comes to environmental matters. The youngest son of Sukanto Tanoto is currently serving as an assistant manager at Asia Pacific Resources International Limited (APRIL), which focuses on pulp and paper production.

In accordance to his statement, some business analysts said that Anderson is the favorite successor to continue Tanoto’s family business by widening the business focuses from pulp and paper to agriculture. As we already know, the pulp and paper business has become a regular object for the green activists to voice their protest because its business activities considered damaging the environment, due to the massive deforestation in order to get the primary materials for the production.

However, instead of remaining silent, Anderson took the chance to speak up about the company’s intention to fix the relationship, and avoid pointing fingers at the campaigners. The company has also prepared budget for Kampar restoration for about $17 million.

Sukanto Tanoto – Indonesia’s Seventh Richest Businessperson

Sukanto Tanoto – Indonesia’s Seventh Richest Businessperson

Being successful in establishing and managing his business kingdom, Sukanto Tanoto, the chairperson of Raja Garuda Mas (RGM) is listed in the Indonesia’s richest tycoon. According to Forbes magazine, by 2012, Sukanto ranks the seventh as the richest businessperson with assets more than US $2.8 billion or equal to Rp 26.6 trillions. Although his net asset has fallen by $500 million from 2011, Sukanto is still capable of recording fantastic revenue values, derived from his companies.

Beginning of career as businessman

The decrease was mostly due to the low estimated profit margin at one of his companies, Asia Pacific Resources International Limited (APRIL). With his assets, Sukanto Tanoto also sits in the 503rd wealthiest person in World Billionaires List. Born in Medan, North Sumatra, Indonesia, Sukanto Tanoto accumulated his assets, worth of US $2.8 billions, through some of his companies with offices in some areas in Indonesia and abroad, including in Singapore, Jakarta, Hong Kong, Beijing, and Nanjing.

Starting his career as an underdog, Sukanto Tanoto continued his family business at the age of 17 by supplying spare parts to the oil companies and construction industries. After the death of his father, he took over the family business and managed to establish the main and foremost pulp and paper company in Asia. Not only that, Sukanto also managed to make his company enter the New York Stock Exchange, which makes it such an extraordinary achievement. His companies are playing in various sectors at the present, such as palm oil, paper, construction, and energy resources.

Lots of Hardship, Lots of Gain

Mr. Tanoto is capable to reach his position today through hardships and hard works. His mother’s strong character is the one that helped shape his character and led him to become a decisive businessperson today. In addition, Sukanto Tanoto also has a great willingness to help the community by establishing Tanoto Foundation, which focuses on the development of human resources in Indonesia.