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Indonesia palm oil tycoon who built US$9bil empire dies


JAKARTA (BLOOMBERG): Eka Tjipta Widjaja, who became a coconut and palm-oil trader at the age of 15 before building a multi-billion dollar empire with businesses spanning paper and pulp to financial services, has died.

Widjaja, 98, passed away at his home in Jakarta on Saturday, said Gandi Sulistiyanto, a managing director at Sinar Mas Group.

   

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