Sukanto Tanoto

Sukanto Tanoto

From his humble beginnings as a spare components supplier to the oil and construction trade in 1967, Sukanto Tanoto all the time had an entrepreneurial spirit and frequently sought to grow and diversify his business.

His founding of RGE (then often known as RGM) and entry into the plywood business in 1973 later proved a key turning level in his career. Having efficiently established a presence within the business, the far-sighted entrepreneur ventured into other useful resource-based mostly industries comparable to pulp and paper, palm oil and energy generation. Right this moment, RGE is a group of world-class firms with an asset base of over US$15 billion and have operations in Indonesia, China and Brazil and sales offices worldwide.

One of his favorite advice to younger entrepreneurs is to not pretend to know every little thing, however instead take the time to study and analyse the most effective practices within the field, speak with relevant consultants – be humble but resolute in one’s want to learn.

Having been actively concerned in philantropy since 1981, Sukanto Tanoto and his family formally established the Tanoto Foundation in 2001 because the philanthropic arm of the Tanoto household with the purpose of supporting poverty alleviation efforts in nations and communities in which RGE companies operate. The inspiration champions poverty alleviation by supporting, developing or funding programmes under three focus areas: Education, Empowerment and Enhancement. Past these structured programmes, Tanoto Foundation also provides assistance to communities affected by pure disasters. The foundation runs on the identical guiding rules entrenched in RGE group of companies – that business must be performed in a manner that is good for the neighborhood, good for the country, good for the climate, and good for the company.

Sukanto Tanoto is a member of the INSEAD Worldwide Council, the Wharton Board of Overseers and varied different academic, community and business bodies. He's a recipient of the Wharton School Dean’s Medal Award, which recognises people for his or her contributions to the enlargement of the global financial system and to the improvement of lives worldwide.