This article discusses Hermanto Tanoko net worth and his success story of becoming a billionaire as a paint magnate.
In the dynamic business world, certain individuals rise to prominence not only for their insight but also for their incredible achievements.
Hermanto Tanoko, a name synonymous with success, has made an indelible mark in the industry, particularly through his involvement in the Avian Paint business. According to Forbes, he is one of the wealthiest people in the world.
He is the co-owner of Avia Avian, Indonesia’s second-largest domestic paints company, and the founder of Tancorp Group, a diversified conglomerate interested in FMCG, property and retail.
This article is a deep dive into Hermanto Tanoko’s net worth as of 2024, shedding light on his financial standing.
We’ll also explore the path he’s traversed in his career, uncovering the earnings and remarkable achievements that have catapulted him to the upper echelons of the business world.
Hermanto Tanoko Net Worth 2024: How Much Does He Make?
As of March 2024, Hermanto Tanoko’s net worth is estimated at $2.1 billion.
His wealth comes mainly from his stake in Avia Avian, which he and his brother Wijono inherited from their father, Soetikno Tanoko, who founded the company in 1978.
Avia Avian went public in 2021 and has a market capitalization of $4.7 billion as of September 2023. Hermanto serves as the President Commissioner of the company, while Wijono is the President Director.
Avia Avian is known for its innovative and high-quality products, such as anti-bacterial paint, anti-mosquito paint and eco-friendly paint.
The company has a strong presence in Indonesia, with over 20 factories and 300 distribution centers nationwide. It also exports to several countries in Southeast Asia, Africa and the Middle East.
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Besides Avia Avian, Hermanto also owns Tancorp Group, which he established in 1998. Tancorp Group has businesses in various sectors, such as bottled water (Cleo), ceramics (Toto), snacks (Tango), fashion (Matahari), hotels (Aston) and malls (Pakuwon).
Hermanto is known for his visionary and aggressive expansion strategy and his philanthropic activities.
Hermanto Tanoko Career Earnings And Achievements
Hermanto Tanoko was born in Surabaya, Indonesia, in 1963. He grew up in a humble family and spent his childhood in a chicken coop that his father converted into a house.
He helped his father sell paint from a bicycle and learned the basics of the business at a young age. Hermanto graduated from Petra Christian University in Surabaya with a degree in industrial engineering.
The businessman then joined his father’s company and helped him grow it into a leading paint manufacturer in Indonesia.
He also ventured into other businesses, such as bottled water, ceramics and snacks, with his own capital and vision. Hermanto is regarded as one of Indonesia’s most influential and successful entrepreneurs.
Hermanto has received numerous awards and recognitions for his achievements, such as Ernst & Young Entrepreneur of The Year (2009), Forbes Asia Businessman of The Year (2010), Indonesia Best CEO (2011) and Indonesia Living Legend (2012).
Tanoko is also a generous philanthropist who supports various causes, such as education, health, environment and social welfare.
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The businessman has donated millions to build schools, hospitals, orphanages and mosques. He also sponsors scholarships for underprivileged students and provides free water and paint to disaster victims.
Hermanto is married to Lanny Tanoko and has four children: Kevin, Kenny, Karen and Kelly. He lives in Surabaya with his family and enjoys collecting art, playing golf and traveling.