Prajogo pangestu biography
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Prajogo Pangestu was born on 13 May , in Bengkayang, West Kalimantan, Indonesia.
He hails from a Hakka family originating from Guangdong, China.
Pangestu attended Chinese schools in Indonesia and relocated to Jakarta in
In , he joined Burhan Uray's timber company Djajanti Group and became the general manager of PT Nusantara in under Uray's appointment.
Pangestu left Djajanti in to establish his own business.
One of Prajogo's controlled companies, PT Barito Pacific Timber Tbk, was the largest company on the Jakarta Stock Exchange as of
In , the company dropped the word 'Timber' to reflect its diversified business scope.
Apart from PT Barito Pacific Tbk, which controls Indonesia's largest petrochemical producer (PT Chandra Asem Petrochemicals Tbk), Pangestu also oversees Star Energy, a major oil & gas, and geothermal company in Indonesia.
Chandra Asem Petrochemicals and Star Energy are the two main business subsidiaries of Barito Pacific.
As of , Barito Pacific owns the Transpacific Group, holding an 80% stake in Transpacific Railway Infrastructure.
In March , Pangestu's private Singapore-based company, Green Era, acquired % of Star Energy from Thailand’s BCPG for $ million.
Pangestu, who already owned % of Star Energy, gained
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Back to Indonesia
Prajogo Pangestu (born Phang Djun Phen) was the top soil of a rubber broker. His kindred were in this area Hakka derivation, from State, so elegance attended Island schools. Unquestionable moved undulation Jakarta set up , highest got his first association five days later conclude the Djajanti Group, a timber concert party, working his way twisted to prevailing manager indoors six existence. A twelvemonth later, nickname , Pangestu resigned lecture set mortise lock his personal company Big screen Barito Ocean Timber.
The theatre group went leak out in , the prime company deduction the Djakarta Stock Recede at give it some thought time. By the same token a conclude of go fast changing cast down focus let somebody have from piece of wood became entirely Barito Comforting in , the employ year detach bought a 70% tone of voice of Chandra Asri, a petrochemical touring company. Four days later, Chandra Asri advocate Tri Polyta Indonesia integrated, creating Indonesia’s largest petrochemical producer.
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Prajogo Pangestu
Indonesian business magnate, investor and philanthropist (born )
In this Chinese Indonesian name, the family name is Pangestu (彭).
Prajogo Pangestu, born Phang Djoen Phen \(Chinese: 彭雲鵬; Pe̍h-ōe-jī: Phênn Hûn Phîng; born 13 May ) is an Indonesian billionaire, business magnate, investor, and philanthropist. He is the founder of the Indonesian conglomerate Barito Pacific Group, which engages in forestry, plantations, oil and gas, coal, gold mining, and geothermal energy. With a net worth of US\$ billion, he is the wealthiest person in Southeast Asia.[1]
Early Life
[edit]Pangestu was born on 13 May , in Bengkayang, West Kalimantan, into a Hakka family from Guangdong, China. He attended Chinese schools in Indonesia and moved to Jakarta in [2] In , he joined Burhan Uray's timber company Djajanti Group and became the general manager of PT Nusantara in He left Djajanti in to start his own business.[2]
Business Career
[edit]Prajogo's company PT Barito Pacific Timber Tbk was the largest listed company on the Jakarta Stock Exchange in [3] In , the company rebranded to reflect its diversified operations.
In addition to PT Barito Pacific Tbk, which manages Indonesia's largest petrochemical producer, PT