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.

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