Eka Tjipta Widjaja
, Indonesia
-
[5]Trinidewi Lasuki(died 2017)
-
Mellie Pirieh Widjaja(died 2009)
Hanyu PinyinHuáng Yìcōng
Eka Tjipta Widjaja (Indonesian pronunciation:
Early life
Widjaja was born Oei Ek Tjhong (c. 1921[a]–2019, born in Quanzhou, China as Oei Ėk-Tjhong)[7] He was the son of a Celebes-based trader.[8] Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.[7][9] He was educated in a local Chinese school but left at the age of fifteen to work as a hawker.[4] As a teenager, he sold biscuits and candy from his bicycle.[10]
Career
In his early career, Widjaja did various business, including trading cooking oil and agricultural products, coffee shop, pig rearing, bakery, and grave construction.[4][11][12] During Japanese occupation, price controls devastated his cooking oil business. When Indonesia's war for independence against the Dutch crushed his commodity-trading business in 1949, he sold family jewelry to repay creditors and traded in his car for a bicycle.[13]
In the 1950s, when Indonesian military sent troops to Makassar to fight Andi Aziz in the Makassar Uprising and later Abdul Kahar Muzakkar in the Darul Islam Rebellion, Widjaja sold food and other supplies to the troops, forging ties between him and the military. He used the military ship to trade copra—the raw material to make coconut oil—from Manado to Makassar. And thus, his copra business started, later reaching Jakarta and Surabaya. However, the Permesta rebellion happened in Sulawesi and Widjaja decided to move to Surabaya.[12]
In 1962, CV Sinar Mas was first registered in Surabaya, and soon it opened a branch office in Jakarta. This company exported natural products and imported textiles.[14]
In 1968, Widjaja opened a cooking oil factory PT Bitung Manado Oil in Manado, followed by PT Kunci Mas in Surabaya. The Manado-based factory later produced cooking oil under the brand Bimoli, which catered to up to 50 percent of the demand in the Indonesian cooking oil market. In 1990, Widjaja lost this brand to Salim Group after their joint ventures in cooking oil business split.[4][14]
In 1972, together with Taiwanese investors, Widjaja acquired caustic soda producer Tjiwi Kimia, which he transformed into the Sinar Mas Group's first pulp and paper manufacturer.[15] In the same year, he started Duta Pertiwi, a property developer and real estate business.[9] In the 1970s, he already acquired logging concessions.[8]
In 1980, Sinar Mas changed all its cooking oil refinery machines to be able to produce palm oil. In the same year, Widjaja already possessed extensive oil palm fields in Sumatra, Kalimantan, Sulawesi, and Papua. In 1982, he acquired a 10,000-hectare (39 sq mi) field in North Sumatra.[16][17]
Also in 1982, Widjaja acquired
In 1990, Widjaja received an
By the mid-1990s, Widjaja's best-known asset was a controlling stake in
As of 2003, Widjaja lived primarily in Singapore and had turned over day-to-day control of his businesses to his extensive family.[13]
Personal life and family
Unlike many other Chinese-Indonesian tycoons, Widjaja was known to flaunt his wealth. He rode in fancy cars and wore a belt buckle encrusted with diamonds spelling out his name, "EKA".[28][8][29][13][30]
Widjaja had several wives and at least 40 children.[8][31][28]
His first wife was Trinidewi (or Trini Dewi) Lasuki,[8] who died in 2017.[5] Eka reportedly treated the children of his first wife as his heirs, while providing financial support to his other children to help start businesses.[28] Most of Eka's children by Trinidewi — six males and two females — are involved in the family businesses. The eldest daughter, Sukmawati Widjaja (Oei Siu Hoa), serves as Sinar Mas vice chairperson since 1988.[32] Sukmawati was previously married to her cousin, Rudy Maeloa, who was Eka's right hand who died in 1988.[14][28]
Eka's eldest son, Teguh Ganda Widjaja (Oei Tjie Goan), heads the pulp and paper division of the group as the chairman of Asia Pulp & Paper.[33][34] Teguh's son, Jackson Widjaja, is the CEO of Paper Excellence, Catalyst Paper, Domtar and Resolute Forest Products. These companies' pulp and paper capacity will be more than 11 million tons per year after the acquisition of Resolute. Teguh's brothers are or were in charge of other divisions; Eka's third son, Indra Widjaja (Oei Pheng Lian or Oei Beng Nien[3]), of financial services; the fourth son, Muktar Widjaja (Oei Siong Lian), of property; and the youngest sixth son, Franky Oesman Widjaja (Oei Jong Nian), of agribusiness (he is the chairman of Golden Agri-Resources[35]).[33]
Indra Widjaja's son, Fuganto Widjaja, heads coal mining and trading company Golden Energy and Resources, Sinar Mas' Singapore-based subsidiary, and is considered as the group's new face, proclaimed to shift its focus to energy and infrastructure, telecoms, healthcare, and education.[36][37]
Some of Eka's other wives and their children have been given their own business groups to manage. His seven children by one wife—Mellie Pirieh, who died in 2009[6]—run the Duta Dharma Bhakti group of 26 companies.[31] A son from another marriage, Oei Hong Leong, is ranked by Forbes in 2018 as the 22nd richest person in Singapore, with a net worth of US$1.5 billion.[38]
After Widjaja's death, his family continues to have a net worth of $9.7 billion and is ranked second on the list of Indonesia's 50 Richest List as of December 2021.[39]
Death
Widjaja died on 26 January 2019, at his home in Menteng, Jakarta.[40][41] He was buried on 2 February 2019, in the family cemetery in Karawang, West Java.
See also
- Sudono Salim, a Chinese-Indonesian tycoon
- Sinar Mas Group
Notes
References
- ^ a b c "Founder of Sinar Mas Group, Eka Tjipta Widjaja, Passes Away at 97". Tempo.co. 27 January 2019. Retrieved 15 July 2019.
- ^ a b c Ben Otto (7 February 2019). "His Business Empire Survived Two Wars and a $14 Billion Default". The Wall Street Journal. Retrieved 17 July 2019.
- ^ ISBN 978-979-91-0125-9. Retrieved 16 July 2019.
- ^ ISBN 9813055030. Retrieved 19 July 2019.
- ^ a b Vina A. Muliana (7 February 2017). "Istri Miliarder Eka Tjipta Widjaja Meninggal Dunia". Liputan6.com. Retrieved 17 July 2019.
- ^ a b Nurwahid-Satibi (17 December 2009). "Sakit Parah pun, Besarkan Hati Sesama Penderita Kanker". jpnn.com. Retrieved 17 July 2019.
- ^ a b c "缅怀黄奕聪先生 (Remembering Mr. Huang Yicong)". yicongfound.org. Retrieved 15 July 2019.
Born in 1922 in Houxi Village, Luoxi Town, Quanzhou, Fujian Province, Mr. Huang Yicong, who left his hometown with his mother at the age of 8 and went to Indonesia to reunite with his father ....
- ^ ISBN 978-0-87113-968-9.
- ^ a b Muhamad Al Azhari (27 January 2019). "Sinar Mas Founder Eka Tjipta Widjaja Passes Away; Here's the Story of His Path to Fortune". Jakarta Globe. Retrieved 16 July 2019.
- ^ "Eka Tjipta Widjaja & family". Forbes. Retrieved 12 July 2019.
- ^ Petrik Matanasi (25 November 2017). "Karena Bimoli, Eka Tjipta jadi Raja Minyak Goreng Indonesia". tirto.id (in Indonesian). Retrieved 19 July 2019.
- ^ a b Dahlan Iskan (28 January 2019). "Eka Tjipta". DI's Way: Catatan Harian Dahlan Iskan (in Indonesian). Retrieved 19 July 2019.
- ^ a b c d Timothy Mapes (15 August 2003). "Asian Paper Giant Survives Debt Saga as Creditors Fume". The Wall Street Journal. Retrieved 18 July 2019.
- ^ ISBN 978-9814459570.
- ^ Borsuk, Richard; Webb, Sara (5 March 2001). "The Rise and Plummet Of APP's Widjaja Family". The Wall Street Journal. Retrieved 22 July 2019.
- ^ "80 Tahun Perjalanan Sinarmas #TumbuhBersama Indonesia". Asuransi Simasnet (in Indonesian). 10 October 2018. Retrieved 20 July 2019.
- ^ a b Romys Binekasri (27 January 2019). "Pendiri Sinar Mas Group Tutup Usia, Apa Saja Bisnisnya?". JawaPos.com. Retrieved 20 July 2019.
- ^ ISBN 1134157541. Retrieved 21 July 2019.
- ISBN 978-1134150403. Retrieved 23 July 2019.
- ^ Harry Suhartono & Fathiya Dahrul (26 January 2019). "Indonesia Palm Oil Tycoon Who Built $9 Billion Empire Dies". Bloomberg. Retrieved 23 July 2019.
- ^ Richard Borsuk (5 March 2001). "Controversial Widjaja Patriarch Affects All Sinar Mas Decisions". The Wall Street Journal. Retrieved 19 July 2019.
- ^ "US$14b default forgotten as Indonesia billionaire Widjaja sells debt". South China Morning Post. 30 April 2015.
- ^ "Worst Asian default forgiven as Indonesia billionaire sells debt". Straits Times. 28 April 2015.
- Asia Times OnlineJan. 23, 2013
- ^ Forestry authorities charges Singaporean paper giant with illegal logging People's Daily Online 08:26, March 31, 2005. Source: Singapore paper giant charged with illegal logging in Yunnan Archived 2012-03-09 at the Wayback Machine chinaview.cn 2005-03-30 20:54:19
- ^ "Investigative Report on APP's Forest Destruction in Yunnan" (PDF). Green Peace. November 2004.
- ^ Staples Ends Contracts With Asia Pulp on Environment (Update1) Heather Burke - Bloomberg L.P. February 7, 2008 21:52 EST
- ^ a b c d Paul Blustein (11 September 1994). "Indonesia's Eka Tjipta Widjaja". The Washington Post. Retrieved 17 July 2019.
- ISBN 978-0807003244.
- ^ Sara Webb (10 August 2010). "Widjajas' Indonesia empire spans resources, finance". Reuters. Retrieved 18 July 2019.
- ^ a b Michael Backman (15 June 1999). "Too Many Wives Are Bad for Business". The Asian Wall Street Journal. Retrieved 17 July 2019.
- ^ "Board of Directors". Top Global Limited. Retrieved 17 July 2019.
- ^ ISBN 9789812302007.
- ^ S&P Global Market Intelligence. "Teguh Ganda Wijaya Executive Profile". Bloomberg.com. Retrieved 18 July 2019.
- ^ "Board of Directors". Golden Agri-Resources. Retrieved 19 July 2019.
- ^ Henny Sender (30 August 2015). "Fuganto Widjaja, Sinar Mas: a new start in Indonesia". Financial Times. Archived from the original on 11 December 2022. Retrieved 19 July 2019.
- ^ Yanto Soegiarto (June 2016). "The Rise of the Third Generation". GlobeAsia. Archived from the original on 19 July 2019. Retrieved 19 July 2019.
- ^ "Oei Hong Leong". Forbes. Retrieved 17 July 2019.
- ^ Rosendar, Yessar. "Indonesia's Widjaja Family, Country's Second Richest, Buys Central London Building For $240 Million". Forbes. Retrieved 11 October 2022.
- ^ Jatmiko, Bambang Priyo (27 January 2019). Sumardi, Edi (ed.). "Penyebab Eka Tjipta Widjaja Bos Sinar Mas Group Meninggal Dunia" (in Indonesian). Tribun News. Retrieved 27 January 2019.
Pengusaha Eka Tjipta Widjaja meninggal dunia karena faktor usia.
- ^ "Jenazah Eka Tjipta Widjaja Disemayamkan Di Rumah Duka Gatot Subroto, Malam ini Pukul 23.00". Bisnis.com. 26 January 2019. Retrieved 26 January 2019.