His father was Oey Koan Gwee (Huang Guan-guo) and his mother was Lo Tjoan Nio (Luo Zhuan-niang).
He moved to Jakarta in 1964 to pursue a degree in law and social sciences (Fakultas Hukum dan Ilmu Pengetahuan Kemasyarakatan) at the University of Indonesia.
Wibisono's critical analyses of geopolitics and macroeconomics have continuously played an effective role in ensuring national interest representation through policies enforced by Indonesian decision-makers.
[3] In 1980 he established the Indonesian Business Data Center, a leading business consultant and data mining firm,[3] while consistently presenting sharp political and economic insights and analysis through his columns on many of Indonesia's most reputable media such as Kompas and Suara Pembaruan among others.
During his stay in the US, he managed to gain an offer by former Indonesian president Abdurrahman Wahid; for a top cabinet position of Coordinating Minister of Economic Affairs in June 2001, which he then declined.