Ciputra

$1.10 B

Ranked #1941 in World

About Ciputra

Indonesian businessman, investor, and philanthropist Ciputra, born on August 24, 1931, in Parigi, Central Sulawesi, emerged from humble beginnings to become a prominent real estate mogul. Flourishing as CEO of the Jaya Group and later founding the influential Ciputra Group, he played a pivotal role in developing over 30 significant projects in Indonesia and internationally. Ciputra was also celebrated for his generosity, founding ten schools and Ciputra University of Entrepreneurship. His legacy continued through his family's active involvement in the Ciputra Group until his passing on November 27, 2019, in Singapore. Ciputra's endeavors in business and philanthropy have left an indelible mark on Indonesia's landscape and society.

Born

August 24, 1931 in Parigi, Dutch East Indies (now Parigi Moutong, Central Sulawesi, Indonesia)

Died

November 27, 2019 (aged 88)

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

Indonesia

Education

Bachelor of Arts/Science, Bandung Institute of Technology

Spouse

Dian Sumeler (died 22 Dec 2021)

Children

Parent

Tjie Siem Poe, Lie Eng Nio

Ciputra, born Tjiputra, was born on August 24, 1931, in Parigi, Central Sulawesi, Dutch East Indies. He was the third child of Chinese Indonesian merchants Tjie Sim Poe and Lie Eng Nio. His father was falsely accused of being a Dutch spy and arrested by the Japanese in 1943 and presumed dead. Ciputra grew up in poverty but resumed his education after World War II. He graduated from Bandung Institute of Technology in 1960 with a degree in architecture. At the age of 25, he adopted the mononym Ciputra (Tjiputra).

Ciputra: Family

Ciputra married Dian Sumeler at the age of 24. They had four children: Rina, Junita, Cakra, and Candra. All of his children serve on the boards of Ciputra Group and Ciputra Development. His son, Candra Ciputra, serves as the President of Ciputra Development.

Ciputra: Career Highlights

While studying architecture, Ciputra started a consulting firm with friends Budi Brasali and Ismail Sofyan. He later became the CEO of Pembangunan Jaya (Jaya Group), a developer partly owned by the Jakarta provincial government. He worked for Jaya Group for 35 years and became a minority shareholder. Major projects at Jaya included Ancol Dreamland and Senen Market.

Ciputra co-founded Metropolitan Group with Brasali and Sofyan and served as its President Commissioner. He developed Pondok Indah in Jakarta and invested abroad. He founded Ciputra Group as a family holding company for his four children. Ciputra Group developed over 30 major projects in Indonesia and abroad, including Citra Raya in Surabaya.

Ciputra faced challenges during the 1997 Asian financial crisis, restructured debts, and regained profitability in 2005. After the crisis, he diversified his business to China, Cambodia, and Vietnam. Ciputra Group has three subsidiaries listed on the Jakarta Stock Exchange: Ciputra Development, Ciputra Surya, and Ciputra Property.

Ciputra: Companies

Pembangunan Jaya (Jaya Group)
Metropolitan Group
Ciputra Group
Ciputra Development
Ciputra Surya
Ciputra Property

Ciputra: Major Achievements

Developed Ancol Dreamland and Senen Market
Co-founded Metropolitan Group and developed Pondok Indah
Founded Ciputra Group and developed over 30 major projects in Indonesia and abroad
Restructured debts and regained profitability after the 1997 Asian financial crisis
Diversified business to China, Cambodia, and Vietnam

Ciputra: Awards & Achievements

Honorary Doctorate from Bandung Institute of Technology
Honorary Doctorate from Ciputra University of Entrepreneurship
Lifetime Achievement Award from Indonesian Property Developers Association
Forbes Indonesia Lifetime Achievement Award

Ciputra: Personal Life & Legacy

Ciputra was known for his generosity and philanthropy.

He established ten schools and Ciputra University of Entrepreneurship in Surabaya. He also opened the Ciputra Artpreneur Museum in Jakarta in 2014, showcasing his art collection.

Ciputra: Trivia

Ciputra was a passionate golfer and played regularly until his late 80s.
He was a fan of classical music and enjoyed playing the piano.
Ciputra was a voracious reader and had a personal library of over 10,000 books.
He was a strong advocate for education and believed that it was the key to success.

Wealth History

Timeline

August 24, 1931

Ciputra (Tjiputra) was born in Parigi, Central Sulawesi, Dutch East Indies.

1943

Ciputra's father was falsely accused of being a Dutch spy and arrested by the Japanese, presumed dead.

1960

Ciputra graduated from Bandung Institute of Technology with a degree in architecture.

1960s

Ciputra started a consulting firm with friends Budi Brasali and Ismail Sofyan while studying architecture.

1960s

Ciputra became CEO of Pembangunan Jaya (Jaya Group), a developer partly owned by Jakarta provincial government.

1997

Ciputra faced challenges during the 1997 Asian financial crisis, restructured debts, regained profitability in 2005.

2005

Ciputra Group regained profitability after the 1997 Asian financial crisis.

2014

Ciputra opened Ciputra Artpreneur Museum in Jakarta, showcasing his art collection.

November 27, 2019

Ciputra passed away at age 88 in Gleneagles Hospital, Singapore.

December 5, 2019

Ciputra was buried in a private cemetery in Jonggol, West Java.

Ciputra : FAQs

What is Ciputra's net worth?

As of 2019, Ciputra's net worth was $1.10 billion.

What are Ciputra's main sources of wealth?

Ciputra's main source of income comes from Real Estate.

In which industry does Ciputra primarily operate?

Ciputra is primarily involved in the Real Estate industry.

What is Ciputra educational background?

Ciputra holds a Bachelor of Arts/Science from Bandung Institute of Technology.

Is Ciputra dead?

Yes, Ciputra died on November 27, 2019 (aged 88).

How many children does Ciputra have?

Ciputra has 4 children.

Who was Ciputra and what is his significance in Indonesia?

Ciputra was an influential Indonesian businessman, investor, and philanthropist, known for founding the Ciputra Group which developed over 30 major projects in Indonesia and abroad. He was also celebrated for his contributions to philanthropy, particularly in education and the arts.

What were the major milestones in Ciputra's career?

Ciputra's career milestones included starting a consulting firm while studying architecture, becoming CEO of Pembangunan Jaya (Jaya Group), co-founding the Metropolitan Group, developing significant projects like Pondok Indah, and founding the Ciputra Group which thrived even through economic challenges.

How did Ciputra contribute to education and the arts in Indonesia?

Ciputra established ten schools and the Ciputra University of Entrepreneurship in Surabaya. He also opened the Ciputra Artpreneur Museum in Jakarta in 2014, significantly contributing to Indonesia's education sector and cultural heritage through his philanthropy.

Can you share details about Ciputra's early life and family background?

Ciputra was born on August 24, 1931, in Parigi, Central Sulawesi, as the third child of Chinese Indonesian merchants. His early life was marked by adversity after his father was falsely accused and arrested by the Japanese in 1943. Despite growing up in poverty, Ciputra pursued education and graduated in architecture from the Bandung Institute of Technology.

What were the circumstances surrounding Ciputra's death?

Ciputra passed away on November 27, 2019, at the age of 88 in Gleneagles Hospital, Singapore. He was buried in a private ceremony at a cemetery in Jonggol, West Java, on December 5, 2019.