Sukanto Tanoto Net Worth is$2,800 $Million
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Ethnicity: Han Chinese Residence: Indonesia
Citizenship: Indonesia
Sukanto Tanoto (traditional Chinese: e??ae??a??; simplified Chinese: e??ae??a??; pinyin: ChA(C)n JiA?nghA(C); born in Medan on 25 December 1949) was said in 2008 as the richest Indonesian, according to the Forbes magazine with the total net worth of US$ 2.8 billion (ranked 418th on Forbes 500 list). Started as a supplier of equipments and materials for the state own oil firm Pertamina, Sukanto Tanoto then moved to the forest industry in 1973. He acquired public pulp and paper business Asia Pacific Resources International on New York Stock Exchange, which then delisted in 2001. His current business vehicle is Raja Garuda Emas International or Royal Golden Eagle International (RGEI), a holding company with its activities ranging from paper, palm oil, construction, and energy business sectors.
Born on Christmas Day 1949, Sukanto Tanoto was the eldest of seven boys. His father was an immigrant from the Fujian province of the mainland China. In 1966, when he was just 17 years old, Tanoto's education was suddenly put into an abrupt stop, because all local Chinese schools were shut down by Suharto after he took over the presidency. Tanoto immediately conducted his first business. "I was studying in a Chinese school. I wasn't allowed to go to a national school because my parents held Chinese citizenship. I was considered a foreigner. I never learnt Bahasa Indonesia formally," Tanoto recalls.
Working for 16 hours a day, the young Tanoto slowly moved from a common trading to snare contracts in building gas pipelines for multinational companies. His luck began to show up during the 1972 oil crisis. Oil prices went hike and oil producers rapidly expanded their operations. Tanoto's contracts grew dramatically and he managed to cash in his first US 1 million dollars.
With some capitals at hands, Sukanto Tanoto tried to force his luck on bigger business. Tanoto noticed that Indonesia exported wooden logs, which were then converted into plywood abroad in countries like Jap

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In the midst of celebrating and enjoying the fruits of their labor, entrepreneurs like Sukanto Tanoto and other successful business people caution others not to forget those who are less fortunate and to do whatever possible to help them achieve full ...
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