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Jakarta, CNBC Indonesia – One of the people living in this republic, Sukanto Tanoto, recently bought the real estate assets of the former palace of King Louis in Munchen, Germany. Of course, this purchase was made at a fantastic price, the price is said to have reached 350 million euros or almost the equivalent of 6 trillion rupees.
To be able to buy a property at this fantastic price, of course, you also need great wealth. So how much wealth does this entrepreneur have?
According to Forbes reports, as of February 12, 2021, his wealth reached 1,400 million dollars or the equivalent of 19.6 trillion rupees (exchange rate of 14,000 rupees / $). This value is less than the US $ 1.6 billion last year.
With this wealth, Sukanto is ranked 22nd richest person in Indonesia at the end of 2020 and is 1730th richest person in the world.
His wealth comes from the businesses he currently runs, namely in the fields of plywood, pulp and paper, palm oil and the development of energy resources under the Royal Golden Eagle (RGE) company.
He started his business as a spare parts supplier and construction services entrepreneur for the oil industry in 1967.
Later, RGE went from being a national company and went global. Today, the group has become a leading company in the pulp and paper industry (APRIL and Asia Symbol), palm oil (Asian Agri and Apical), viscose fibers (Sateri and Asia Pacific Rayon), special cellulose (Bracell).
In addition, he also runs an energy resources business (Pacific Oil & Gas), with operations in Indonesia, China, Brazil, Spain and marketing offices in many countries around the world.
In fact, Bracell is one of the largest specialty pulp producers in the world. This particular cellulose is used in everything from baby wipes to ice cream.
Currently Sukanto Tanoto is known as a philanthropist through an organization called Fundación Tanoto that he founded with his wife in 1981 and which focuses on education.
In 2018, it became a sponsor of the 2018 Asian Games and pledged to renew Indonesia’s library of 31 gold medals through this philanthropic organization.
The company he owns has also earmarked $ 200 million to develop plant raw materials and clean manufacturing solutions for textile manufacturing.
[Gambas:Video CNBC]
(hps / hps)
