Bachtiar Karim

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Bachtiar Karim
Born (1957-11-05) November 5, 1957 (age 64)
Other namesLim Ek Tjioe[1]
CitizenshipIndonesian
Alma materNUS Business
OccupationOwner, Musim Mas
Parent(s)Anwar Karim & Mikie Wijaya
RelativesBurhan Karim (brother)
Bahari Karim (brother)

Bachtiar Karim (born November 5, 1957) is a Chinese-Indonesian tycoon and businessman who lives in Singapore. He is the executive chairman of Musim Mas, one of the world's leading palm oil conglomerates that is family-owned,[3] currently headquartered in Singapore.[4] Despite being listed as Indonesia's #10 richest man, with a net-worth of 3.5 billion US dollar as of 2021,[5] he is publicity-shy and has kept a relatively low profile.[6] Karim was listed in Tatler as one of Asia's Most Influential in 2021[7]

Education[]

He studied in Singapore at the Hwa Chong Junior College and completed a degree in Mechanical Engineering at the National University of Singapore.[8]

Notable Transactions[]

In 2019, Karim bought over the entire Darby Park Executive Suites (a 6-story serviced residence building in Singapore) in prime area Orange Grove near Orchard Road for $160 million from Royal Group Holdings Pte Ltd, one of the largest private property transactions in Singapore that year.[9] He plans to develop the plot of land under the Standard Hotels into a 143-room hotel in prime area Singapore, slated to be open in 2023.[10]

Family[]

His father Anwar Karim founded the Nam Cheong Soap Factory in Medan in 1932.[11] He has three brothers: Burhan Karim, Bahari Karim, Bachrum Karim. His family founded an entrepreneur center, which operates in the University of North Sumatra.[11]

Philanthropy[]

Karim is actively involved in philanthropy, having his own entrepreneur and training center in Medan, and having donated back to his alma mater, the NUS Business School.[12]

References[]

  1. ^ "Lim Ek Tjioe". Retrieved 12 December 2021.
  2. ^ "Bachtiar Karim". Forbes. Retrieved 9 December 2020.
  3. ^ "Prestige Online". Prestige. Retrieved 12 December 2021.
  4. ^ Reuters Staff (2012-07-15). "FACTBOX-Indonesia's palm oil tycoons drive investment spree". Reuters. Retrieved 2020-10-25.
  5. ^ "Bachtiar Karim & family". Forbes. Retrieved 2020-08-03.
  6. ^ Web, Digital (2014-08-26). "Biography of Bachtiar Karim". Indonesia Richest. Retrieved 2020-08-03.
  7. ^ "Tatler Asia's Most Influential 2021". Retrieved 12 December 2021.
  8. ^ "PressReader.com - Your favorite newspapers and magazines". www.pressreader.com. Retrieved 2020-08-03.
  9. ^ hermesauto (2019-10-14). "Singapore property investment sales more than double to $16.7b on quarter: Report". The Straits Times. Retrieved 2020-10-25.
  10. ^ "Standard Hotel Coming to Singapore". Retrieved 12 December 2021.
  11. ^ a b Salihovic, Elnur. Major players in the Muslim business world. Boca Raton, Florida. p. 120. ISBN 978-1-62734-052-6. OCLC 988749011.
  12. ^ "NUS Business Honour Role". Retrieved 12 December 2021.
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