Royal Golden Eagle
Plantations, energy, pulp
$2.45 billion (2015)
$2.2 billion (2016)
In addition to his existing assets, Sukanto Tanoto’s vision is to become a major global LNG player. Under Pacific Oil and Gas, he has operations in Canada, Indonesia and China.
Through Royal Golden Eagle (RGE) he is expanding his palm oil business while his pulp and paper business is grouped under APRIL.
The group last year unveiled a new sustainability framework under which it pledged that all pulp and paper companies under both the group and third-party suppliers will stop clearing natural forests until assessments are carried out to set aside land that is carbon-rich forest or has high conservation value.
Youngest son Anderson, a director at RGE and up-and-coming figure from the younger generation, is leading the group’s new eco-push.