Rank #1217
Martua Sitorus
Net worth $3.6B
Palm oil · Indonesia
- Born
- Feb 18, 1960
- Age
- 66
- Source
- Palm oil
- Residence
- Singapore
- Citizenship
- Indonesia
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Martua Sitorus cofounded Wilmar with Kuok Khoon Hong, now also a billionaire, in 1991.
- Sitorus stepped off the board of Wilmar, one of the world's largest palm oil traders, in 2018.
- He and his brother Ganda cofounded KPN, formerly known as Gama, with interests in palm oil plantations, property development and cement manufacturing.
- In partnership with the Ciputra Group, KPN's property arm Gama Land built a township in Medan, North Sumatra in 2024.
- The family's cement maker Cemindo Gemilang listed its shares in 2021 raising $77 million. Their hospital company Murni Sadar raised $21 million through an IPO in 2022.
- A former economics student, Sitorus traded shrimp as a teenager, then switched to palm oil.
- His business partner Kuok Khoon Hong is the nephew of revered Malaysian businessman Robert Kuok.
Financial assets
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