Indonesian Palm Oil News (IPO News) – Ciliandra Fangiono is a young entrepreneur in Indonesia who is among the richest people in Indonesia. He is a young entrepreneur who operates in the palm oil sector. Its palm oil business is in Sumatra and Kalimantan. He owns a palm oil company which manages more than 247,000 hectares of palm oil plantations called First Resources Ltd.
The chairman of First Resources, who has already managed more than 247 thousand hectares of CPO land, together with his brother Cik Sigih control 74 percent of First Resources’ shares.
Ciliandra Fangiono also has a business family. His father, Martias Parto, is also a businessman in the palm oil sector and is the founder of First Resources. His brothers also help him in oil palm business. For example, Cik Sigih, who is the brother of Ciliandra Fangiono, also plays a very important role in the development of the company so that the company has now become a very large company. Ciliandra Fangiono has a wife named Lim Mei Jin Serene and two children.
This palm oil king owns a company namely First Resources as an inheritance from his father, Martias, who was the founder of the company. Ciliandra Fangiono is only continuing his father’s company. However, in his hands, the company has now become more advanced and had a huge influence in Indonesia. Since 2003, Ciliandra Fangiono’s father has not been involved in the company’s shares so only Ciliandra Fangiono and his brother are left to continue the business.
Ciliandra Fungiono has frequently ever been listed in the wealthiest businessmen in Indonesia based on Forbes Magazine’s version at a young age. At his 44 years old in 2021, Ciliandra ranked at 30th wealthiest businessmen in Indonesia with a wealth of US$ 1.05 billion. In 2023, his treasures soared to US$ 2.2 billion at 20th ranking of the wealthiest businessmen in Indonesia and his treasures will reach US$ 2.6 billion in 2024.
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