Anderson Tanoto, the Second Generation of Tanoto’s Business Kingdom

SukantoTanoto has been running his business for almost 40 years. He realized his business must be at the right hand when he finally retires. That is why Sukanto Tanoto is reportedly preparing the second generation for his kingdom, and his youngest son, Anderson Tanoto is one of the candidates. Despite being young, Anderson inherits the business talent from his father. The 24 years old man has completed his business study in the University of Pennsylvania, where he had studied for 4 years.

Focus on Transparency

The founder and owner of Tanoto Foundation, Sukanto has four children, who will be in charge of a business kingdom with an asset of more than US$ 15 Millions. Therefore, Sukanto Tanoto really prepares his children to be able to run the business and to go in line with the changing needs and demands of business environments and consumers. This intuition has been evident in his youngest child, Anderson.

Anderson once said that one of the strategies he and his siblings would apply in the second-generation business kingdom is transparency. This policy will allow the public to find out how the Tanoto family will manage RGE, Sateri Holdings Limited, RAPP, Pacific Oil & Gas, and Asian Agri. They would allow the public to monitor the businesses and their impacts upon the community. He realizes that they run long-term business that needs certainty and support from all relevant parties, including the society, and the survival of their businesses depend upon the public trust. “We are not the guests in the society; instead, we are parts of it,” he said.

Still in the process of learning business

The young man is still far from the top position in his father’s company. Sukanto Tanoto does not allow his son to jump up to top position in his business enterprises (even though he actually can do it). Anderson still has to learn much. He once worked for a global consulting company, Bain & Company, where he learned much about business and conducted field trips to see how the companies works.