Billionaire Profile
Bambang Sutantio
Global Rank
#2097

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Bambang Sutantio

CEO, Dairy & consumer products
INDONESIA
Real-Time Net Worth
$1.938B
Estimated based on Dairy & consumer products stock value as of March 6, 2026
+0.19% (24h)
Age
67
Source
Dairy & consumer products
Industry
Food & Beverage
Citizenship
INDONESIA

Biography

Bambang Sutantio, the founder of Cimory Group, is a prominent Indonesian entrepreneur known for his success in the dairy and consumer products industry. With a net worth of $2.35 billion as of December 2025, his wealth primarily stems from his ownership of Cimory, a company celebrated for its dairy products, including milk and yogurt. His career began in the food industry, later establishing Macroprima Panganutama in 1993, and Cimory in 2004, supporting local dairy farmers. Sutantio's achievements include leading Cimory to become a public company, and expanding the business into processed foods and tourism, significantly impacting Indonesia's food and beverage sector. He was also recognized as EY Entrepreneur of the Year 2019 category Food Manufacturing.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Bambang Sutantio was born on December 26, 1958, in Semarang, Indonesia. He graduated from the Technical University of Berlin with a degree in food technology in 1984. After graduating, he started his career as a sales engineer for Fuehrmeister, a German industrial-equipment company, in Jakarta. This experience provided him with valuable insights into the food and beverage industry.

Rise to Success

In 1993, Sutantio founded PT Macroprima Panganutama, a meat processing company, starting from his family's garage. The company produced sausages under the Kanzler brand. In 2004, he established Cisarua Mountain Dairy (CMD), known as Cimory, with the goal of supporting dairy farmers in Cisarua. Cimory initially focused on producing fresh milk and yogurt. Bambang invested Rp1.12 billion (approximately $70,000 USD) in Cimory, holding a 60% stake. Cimory went public in December 2021.

Key Business Strategies

Sutantio's business strategy involved creating high-quality products and supporting the local community. He established partnerships with dairy farmers in Cisarua, offering them prices 10% higher than market rates. Cimory expanded its product line to include yogurt and pasteurized milk. Cimory also ventured into the tourism sector by opening Dairyland, an educational tourism site.

Philanthropy

Bambang Sutantio's Cimory Group is known to support the local dairy farmers and women's empowerment by specifically training women as distribution agents. Cimory's initiatives to support dairy farmers are part of its commitment to social impact.

Career Milestones

1993

Founded Macroprima Panganutama

Established a meat processing company, producing Kanzler sausages.

2004

Founded Cisarua Mountain Dairy (Cimory)

Started a dairy business to support local farmers, producing milk and yogurt.

2006

Production of Yogurt and Pasteurized Milk

Cimory expanded its product line.

2019

EY Entrepreneur of the Year

Awarded in the Food Manufacturing category.

2021

Cimory IPO

Took Cimory public on the Indonesia Stock Exchange.

Philanthropy & Social Impact

Community Support

Support for Local Dairy Farmers

Not specified

Purchasing milk from farmers at prices higher than market rates

Social Impact

Women Empowerment

Not specified

Specifically training women as distribution agents