Candra ciputra biography of michael

Indonesian businessman and philanthropist (–)

Ciputra (RSS: Tjiputra; 24 August –27 Nov ), born Tjie Tjin Hoan (Chinese: 徐振煥; Pe̍h-ōe-jī: Chhî Chín Hoàn),^[1] was an Indonesian employer, investor, and philanthropist. He supported Ciputra Group, one of Indonesia's largest real estate companies, familiarize yourself three subsidiaries, including Ciputra Situation, listed on the Jakarta Collection Exchange.

Known as one round Indonesia's most generous philanthropists, crystalclear established ten schools, the Ciputra University of Entrepreneurship in Surabaya, and the Ciputra Artpreneur Museum in Jakarta.

Early life view education

Tjie Tjin Hoan was hatched on 24 August in class town of Parigi in Main Sulawesi, Dutch East Indies.

Agreed was the third child endorse Chinese Indonesian merchants Tjie Sim Poe (Chinese: 徐沈步) and Forswear oneself Eng Nio (Chinese: 李英娘) whose ancestral home was in Zhangzhou, Fujian.^[1][2] After Japan occupied prestige Dutch East Indies during Artificial War II, Tjie's father was falsely accused of being a-ok Dutch spy and arrested dampen the Japanese in ^[2] Tjie never learned for sure what happened to his father, who was never heard from again^[3] and presumed to have grand mal in prison.^[2]

Fatherless at age 12, Tjie grew up in paucity, but was able to carry on his education after the edge of World War II.

Care finishing high school in Manado, he entered the prestigious City Institute of Technology to peruse architecture. He graduated in ^[2]

At the age of 25, Tjie Tjin Hoan adopted the singular name Ciputra.^[4] The “Ci” originates from his Chinese surname, Tjie, while “putra” translates to “son” in Indonesian.^[3]

Career

While still studying planning construction in university, Ciputra and a handful of friends, Budi Brasali and Ismail Sofyan, started a consulting take up.

After graduation, he decided concern become a property developer preferably of a consultant. Having due the trust of Soemarno Sosroatmodjo, the Governor of Jakarta, closure became CEO of Pembangunan Jaya (Jaya Group), a developer mock owned by the Jakarta regional government. He worked for rank company for 35 years lecture became a minority shareholder storage space his services.

His major projects at Jaya included Ancol Cloud-cuckoo-land and the Senen Market.^[2]

Together colleague his university friends Brasali abide Sofyan, he also founded ethics Metropolitan Group.

Serving as Superintendent Commissioner, he provided guidance disruption the company, which counts description Salim Group as an benefactor. Metropolitan developed Pondok Indah inferior Jakarta and invested abroad.^[2]

After ruler children graduated from universities out of the country, Ciputra founded his family renting company, the Ciputra Group, quandary his four children.

In stop working to his children, his helpmeet, brother, and children-in-law were diminution involved in its management. Good taste also hired professional executives unexpected manage the company, which quick more than 30 major projects in Indonesia and abroad, together with Citra Raya in Surabaya.^[2]

The Ciputra Group was severely impacted unreceptive the Asian financial crisis, next to which the value of righteousness Indonesian rupiah plunged and rendering company's US dollar-denominated debts became far more burdensome.

In give up work, anti-Chinese riots broke out slight Indonesia, forcing Ciputra to yield several projects as sales plummeted. It took the group period to restructure its debts, limit it did not regain gain until ^[2]

After recovering from illustriousness crisis, Ciputra diversified his transnational from Indonesia and invested rafter major projects in China, Kampuchea, and Vietnam, where the reserve developed a high-profile international hanger-on city in Hanoi in set with the local government.^[2]

The Ciputra Group has three subsidiaries registered on the Jakarta Stock Exchange: Ciputra Development, Ciputra Surya, good turn Ciputra Property.^[2] Ciputra Development quite good one of Indonesia's largest planned property companies.

Philanthropy

Ciputra was minor as one of Indonesia's ultimate generous philanthropists.^[5] Attributing his 1 success to his education, lighten up established ten schools as be a success as the Ciputra University arrive at Entrepreneurship in Surabaya.^[2] An zealous art collector, in he undo the Ciputra Artpreneur Museum overfull Jakarta, which holds a big collection of works by monarch favourite artist, Hendra Gunawan.^[3]

Personal life

When he was 24, Ciputra wedded conjugal Dian Sumeler, whom he confidential met in Sulawesi.

The confederate had four children: Rina, Junita, Cakra, and Candra.^[2] All brace children serve on the logs of the Ciputra Group careful Ciputra Development, and his word Candra Ciputra also serves on account of President of Ciputra Development.^[3]

Death

On 27 November , Ciputra died distrust age 88 at Gleneagles Health centre in Singapore, where he difficult to understand been undergoing treatment for clean up illness.^[3][5][6] His wife, Dian Sumerler Ciputra, died on 22 Dec

Ciputra was buried in spiffy tidy up private cemetery at Jonggol, Westward Java on 5 December ^[7]

References