Martua Sitorus
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- Name
- Martua Sitorus
- Net Worth
- 3.4 Billion USD
- Birth Date
- 18 February 1960
- Age
- 64
- Country
- Singapore
- City
- Singapore
- Business
- Manufacturing
Martua Sitorus, a billionaire from Indonesia, has made a significant impact in the global palm oil industry through his co-founding of Wilmar International Limited. Born in 1961 in Pangkalan Brandan, North Sumatra, Sitorus began his career in the palm oil sector, leveraging his family's experience in the industry.
In 1991, Martua Sitorus and his business partner, Kuok Khoon Hong, founded Wilmar International, which has since become the world's largest palm oil trader and one of the largest agribusiness companies globally. Wilmar's operations span the entire palm oil value chain, including cultivation, processing, refining, and distribution. The company is also involved in other agricultural commodities such as soybeans, sugar, and grains.
Under Martua Sitorus' leadership as Vice Chairman of Wilmar International, the company has expanded its global footprint, establishing a presence in more than 50 countries and employing tens of thousands of people. Wilmar is known for its commitment to sustainable practices in palm oil production, adhering to stringent environmental and social standards.
Beyond Wilmar International, Martua Sitorus is involved in various philanthropic initiatives focused on education, healthcare, and community development in Indonesia. His contributions aim to improve the quality of life for disadvantaged communities and promote sustainable development practices.
Martua Sitorus' entrepreneurial journey and leadership in the palm oil industry underscore his influence in shaping global agricultural markets and sustainable practices. His vision for Wilmar International has positioned the company as a key player in the agribusiness sector while demonstrating a commitment to environmental stewardship and social responsibility.
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