- Category:
- Richest Business › CEOs
- Net Worth:
- $1.5 Billion
- Date of Birth:
- Feb 6, 1960 (63 years old)
- Place of Birth:
- Pematang Siantar, North Sumatra
- Profession:
- Co-Founder, Non Executive Director (since April 2017) of Wilmar International
What is Martua Sitorus' Net Worth?
Martua Sitorus is a Chinese Indonesian businessman who has a net worth of $1.5 billion. Martua Sitorus aka Thio Seng Hap is the co-founder and CEO of Wilmar International Limited, the world's biggest processor of palm oil and eighth-biggest sugar manufacturer. Almost half of the revenue, the group gets in cooking-oil sales from China through its Jin Long Yu, or Golden Dragon Fish, brand.
In 1991, Sitorus cofounded the Singapore-listed company together with Kuok Khoon Hong, the nephew of Malaysia's richest man, Robert Kuok. Ever since the duo has been working on Wilmar's expansion, making it a company with over 300 manufacturing plants and an extensive distribution network spreading across China, India, Indonesia, the United States and some 50 other countries. In addition to the multinational Wilmar, Sitorus and Kuok Khoon Hong are owners of the London skyscraper Aviva Tower.
