Eddy Kusnadi Sariaatmadja

Eddy Kusnadi Sariaatmadja
Born	(1953-08-23) August 23, 1953 Jakarta, Indonesia
Occupation(s)	Businessman, philanthropist
Known for	Proprietor of Elang Mahkota Teknologi (Emtek), equity stakes in Bukalapak and Dana

Eddy Kusnadi Sariaatmadja (born 23 August 1953) is a prominent Indonesian businessman and philanthropist. He is the proprietor of Elang Mahkota Teknologi (Emtek) and holds equity stakes in emerging companies such as Bukalapak and Dana. As reported in June 2021, his estimated net worth reached $3.6 billion.

Early life and education

Originating from Jakarta, Sariaatmadja is the son of Mohamad Soeboeb Sariaatmadja, a Sundanese entrepreneur, and his mother descends from the Palembang-Malay ethnic group. He completed a bachelor's degree in Civil Engineering in 1978, followed by a master's degree in Engineering Science two years later at the University of New South Wales, Australia.

Business career

In 1983, Sariaatmadja established PT Elang Mahkota Komputer, initially serving as an official distributor for Compaq products within Indonesia. This enterprise was renamed PT Elang Mahkota Teknologi (Emtek) in 1997.

Emtek collaborated with MRA Media in 2004 to introduce O Channel (currently known as Moji), a private television broadcaster targeting the Jakarta audience. The following year, Emtek acquired Surya Citra Media and subsequently purchased MRA Media's shares in O Channel by 2007, gaining full ownership. By 2008, Emtek had assumed direct control over Surya Citra Media.

On 12 January 2010, Emtek made its debut on the Indonesia Stock Exchange through an initial public offering. In May 2011, it secured a majority ownership of 84.77% in Indosiar Karya Media, the parent company of Indosiar.

Emtek launched Nexmedia on 23 November 2011, a subscription-based television service that operated without satellite dish installations; this service was discontinued in September 2019 and succeeded by Vidio and Nex Parabola platforms.

Diversifying into digital services, Emtek developed the DANA electronic wallet and acquired a 50% interest in PT Nusa Satu Inti Artha, which manages the DOKU wallet system. Additionally, Emtek possesses a 34.88% shareholding in the e-commerce platform Bukalapak.

In healthcare investments, Emtek obtained a controlling interest of 71.88% in PT Sarana Metropolitan Tbk (SAME) in 2020, overseeing Omni International Hospital and complementing its existing ownership of EMC Hospital.

By 2021, Forbes listed Sariaatmadja among Indonesia’s wealthiest entrepreneurs with a net worth of $3.6 billion and acknowledged him as one of Asia's most philanthropic business leaders.

External links

• Eddy Kusnadi Sariaatmadja
• Eddy Kusnadi Sariaatmadja - Elang Mahkota Teknologi