Sukanto Tanoto’s Foundation Continues To Encourage A Spirit Of Innovation With The Tanoto Student Research Award

According to the Forbes website, currently, Sukanto Tanoto’s wealth reaches USD 1.3 billion or around Rp 18.3 trillion. He is ranked the 25th richest person in the country. Two of the seven brothers dropped out of compilation school, recovering 17 years. The man born in Belawan, Medan, North Sumatra, December 25, 1949, replaced the head of the compilation family, Amin Tanoto, who died in 1967.

He continued his business in the field of parts and construction suppliers, named Toko Motor. Sukanto Tanoto is married to Tinah Binge. From this marriage, they have four children, namely Andre Tanoto, Imelda Tanoto, Belinda Tanoto, and Anderson Tanoto. His youngest son, Anderson, is currently elected by the leadership of Sukanto at the Royal Golden Eagle (formerly known as Raja Garuda Mas).

Various Business

Through the Royal Golden Eagle, Sukanto’s business expanded rapidly into various fields, such as plywood, paper, pulp, oil palm, and natural resources. Asian Agri is one of the largest palm oil producers in Asia. Forbes noted, Sukanto also owns Bracell Limited, which operates in Brazil. This company is the largest cellulose producer in the world. Cellulose is often used as a base for a variety of products, from baby wipes to ice cream.

However, the business does not always run smoothly. Asian Agri embezzlement case had made his name tainted. This case began with a report on avoidance of tax payments by 14 companies under the Asian Agri Group to the Corruption Eradication Commission (KPK) in 2006. The KPK then handed … Read More . . .