Rank #2363
Bambang Sutantio
Net worth $1.7B
Dairy & consumer products · Indonesia
- Born
- Dec 26, 1958
- Age
- 67
- Source
- Dairy & consumer products
- Residence
- Jakarta
- Citizenship
- Indonesia
- Marital status
- Children
- 3
- Education
Net worth over time
Biography
- Bambang Sutantio founded Cisarua Mountain Dairy, better known as Cimory, a manufacturer and distributor of dairy products and processed foods in Jakarta.
- Cimory is known for its range of dairy products such as milk and yogurt as well as processed meats.
- Sutantio first set up meat processor Macroprima Panganutama in 1993. He started the dairy business in 2004 to support dairy farmers in East Java.
- Sutantio took Cimory public in 2021, raising more than $200 million.
- In 2023, private equity firm General Atlantic bought a 5.6% stake in the dairy firm for $130 million.
- Sutantio has a diploma in food technology from the Technical University of Berlin.
- He started his career as a sales engineer at the Jakarta office of Fuehrmeister, a German maker of industrial equipment.
Financial assets
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