Fuganto Widjaja (born 1980/1981) is an Indonesian

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

businessman. Fuganto Widjaja is the grandson of

Eka Tjipta Widjaja Eka Tjipta Widjaja (; –2019, born in Quanzhou, China as Oei Ėk-Tjhong (), was a Chinese-Indonesian business magnate who founded the Sinar Mas Group, one of the largest conglomerates in Indonesia. After immigrating to Indonesia with his family ...

, the founder of the Sinar Mas Group, an Indonesian

palm oil Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from ...

and property conglomerate started before the Second World War. In April 2015, he revealed a surprise takeover bid for

Asia Resource Minerals Asia Resource Minerals, was a mining company listed on the London Stock Exchange. History In July 2010 Vallar plc, a Jersey-incorporated investment vehicle founded by Nathaniel Rothschild, raised £707.2 million ($1.07 billion) in an Initial pu ...

, the coal mining company founded by

Nathaniel Philip Rothschild , nickname = {{Plainlist, * Nat * Nate , footnotes = Nathaniel is an English variant of the biblical Greek name Nathanael. People with the name Nathaniel * Nathaniel Archibald (1952–2018), American basketball player * Nate A ...

Early life

Fuganto Widjaja was educated at High School in Singapore, before earning a bachelor's degree in Computer Science & Economics from

Cornell University Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach an ...

in 2003, and an M Phil in Finance from the

Cambridge Judge Business School Cambridge Judge Business School is the business school of the University of Cambridge. The School is a provider of management education. It is named after Sir Paul Judge, a founding benefactor of the school. The School is considered to be par ...

in 2004.

Career

Fuganto Widjaja is Director at Sinar Mas Multihara TBK. He is also the Group Chief Executive Officer & Executive Director at Golden Energy & Resources Ltd. Golden Energy & Resources is a subsidiary of the Sinar Mas Group. Sinar Mas Group is a brand of companies which is active in six business pillars—Pulp & Paper, Agri-business & Food, Financial Services, Developer & Real Estate, Communications & Technology and in Energy & Infrastructure. Golden Energy and Resources Limited is a Singapore listed leading energy and resources company in the Asia Pacific region. An heir to the large family-owned conglomerate, Fuganto Widjaja is on a mission to modernise the family business. He is shifting the business to focus on energy, infrastructure, telecommunications and education. As an entrepreneur, he believes in starting and creating new things that people need. In April 2015, he revealed a surprise takeover bid by Asia Coal Energy Ventures, a Sinar Mas subsidiary, for

, a shell company which owned a majority of Berau Coal’s stock, founded by

. This was a surprise takeover as past contenders have failed to secure a majority stake in the coal company. It was also viewed as a move that restored confidence in the Indonesian’s ownership of a sizeable mining venture. Fuganto Widjaja shared with the media that the investment was to support the Indonesian government’s aim to boost electricity supply for the country through coal. Under Fuganto Widjaja’s leadership, Berau Coal received an award for its corporate social responsibility program at the 2019 ASEAN Coal Award. As part of this program, the company assisted the Punan Basap Tribe in a resettlement project. Widjaja is a president director of

Berau Coal Energy PT Berau Coal Energy Tbk is Indonesia's fifth largest coal producer. History Berau Coal Energy was created in 1983, following the signing of a contract with the Indonesian government as sole mining contractor within the Berau regency of Nor ...

. Fuganto Widjaja also received an award as a TOP leader on CSR Community 2018. This is an award organised by TOP Business. In April 2019, Fuganto Widjaja launched Gear Innovation Network, a tech innovation centre by Golden Energy and Resources in Singapore. The centre was established with an initial investment of US$2 million and supported by the Economic Development Board in Singapore. Gear Innovation Network focuses on transforming capital-intensive industries such as mining, logistics and construction through digital technologies in Southeast Asia. Golden Energy & Resources Limited sources coal from its coal mining concession areas, covering approximately 66,204 hectares in South and Central Kalimantan and South Sumatra Basin. Sinar Mas Group has been recognised as one of the winners in the 2019 Indonesian Employers of Choice Awards (EOC) by SWA and Korn Ferry Indonesia. The company has also been awarded as one of the top three social business innovation companies in the category of property, real estate and insurance by Warta Ekonomi in 2018. In 2019, Sinar Mas Mining was recognised as one of HR Asia’s Best Companies to work for. The company achieved this status in the categories of HR Innovation, Employer Branding and Leadership and Development. After a stint at UBS, Widjaja founded Pristine Brand mineral water, before becoming a director of Sinar Mas Multiartha, holding company of Sinar Mas Financial services.

References

{{DEFAULTSORT:Widjaja, Fuganto Living people Indonesian billionaires 1980s births Cornell University alumni Alumni of the University of Cambridge