Sudono Salim

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Sudono Salim
[1]
Born (1916-07-16)16 July 1916
Fuqing, Fujian, China
Died 11 June 2012(2012-06-11) (aged 95)
Singapore, Singapore
Residence Indonesia
Nationality Chinese Indonesia
Other names Liem Sioe Liong
Ethnicity Han Chinese[1]
Citizenship Indonesia
Occupation Businessman
Years active 99
Home town Jakarta
Net worth US $655 Million
Board member of
Salim Group
Religion Buddhism[2]
Spouse(s) Lie Las Nio
Children

3 Sons: Albert Salim, Anthony Salim, Andre Salim


1 Daughter: Mira Salimyuiu
Sudono Salim
Traditional Chinese
Simplified Chinese
Hanyu Pinyin Lín Shàoliáng
Indonesian name
Indonesian Liem Sioe Liong

Sudono Salim (16 July 1916 – 10 June 2012), also known as Liem Sioe Liong, was a Chinese Indonesian businessman of Hokchia origin. He was once considered the richest individual in Indonesia.[3] He was the head of the conglomerate Salim Group before turning over its management to his youngest son Anthony Salim (now #5 of Indonesia's 40 richest people [4]) in 1992.

Early life[edit]

Salim was born in Fuqing, Fujian, China, as the second son of a farmer. He left Fujian in 1936 to join his brother Liem Sioe Hie and brother-in-law Zheng Xusheng in Medan, North Sumatra.[3] Salim diversified their peanut oil trading business into the clove market, which was growing rapidly from demand for kretek production.[5] While in Medan, he supplied soldiers of the Indonesian National Revolution with medical supplies and came into contact with Suharto, an officer of the army. Salim denied allegations that he also provided arms to Indonesian soldiers to resist Dutch forces.[6] As soldiers seized Dutch businesses following independence, his business absorbed many of their assets and gained a monopoly in the clove market,[5] but he denied working with Suharto in expanding his ventures.[7]

Business career, family and death[edit]

See also: Salim Group

After moving to Jakarta in 1952, Salim expanded his trading business by establishing connections with other ethnic Chinese businessmen in Singapore and Hong Kong. His soap factory became one of the primary suppliers to the Indonesian National Armed Forces. He later expanded into textiles and banking, eventually establishing largest private bank in Indonesia—the Bank Central Asia (BCA). After a merger in 1968, he gained the right to monopoly on clove importation. A joint venture with another Hokchia businessman became the largest producer of flour in Indonesia. These two companies were said to have provided him with the capital to establish the cement giant Indocement in 1973.[6] In 1990, he established the food manufacturer Indofood.[8]

Salim handed over management of the conglomerate Salim Group in 1992 to his son Anthony salim. By 1997, the Salim Group possessed US$20 billion in assets and included more than 500 companies employing over 200,000 Indonesians. When the Asian Financial Crisis hit, the conglomerate incurred US$4.8 billion in debts.[9] Salim fled to Singapore during the May 1998 riots, when a mob burned his Jakarta home; his son remained to rebuild the Salim Group.[10] He eventually settled in Los Angeles in the United States.[9] Forbes magazine listed him as the 25th wealthiest businessperson in Southeast Asia in 2004 with a net worth of US$655 million.[11]

Salim has four sons and one daughter.[6][12] Sudono died on June 10, 2012 at the age of 95 from natural causes in Singapore (Raffles Hospital).

Young cousin Lam Hak Lam 林克霖, Hong Kong renowned Performance Artist. On June 10, 2012, he was bullied by Wong Yuk-man Hong Kong Politician, Chairman of League of Social Democrats while he was mourning his cousin death on the street.[13]

See also[edit]

Notes[edit]

  1. ^ a b [1]
  2. ^ Pemakaman Om Liem di Singapura
  3. ^ a b Suryadinata 1995, p. 139
  4. ^ Forbes.com
  5. ^ a b "A Tradition of Mistrust". South China Morning Post. 15 March 2000. Archived from the original on 19 October 2006. Retrieved 31 January 2010. 
  6. ^ a b c Suryadinata 1995, p. 140
  7. ^ Suryadinata 1995, p. 141
  8. ^ Witular, Rendi A. (26 June 2004). "Salim in driving seat at Indofood". The Jakarta Post. Retrieved 1 February 2010. 
  9. ^ a b Shari, Michael (28 September 1998). "Indonesia: A Tycoon Under Siege". BusinessWeek. Retrieved 1 February 2010. 
  10. ^ Vatikiotis, Michael (26 November 2004). "Indonesian Food Giant Undergoes a Transformation". The New York Times. Retrieved 1 February 2010. 
  11. ^ Doebele, Justin (27 August 2004). "Liem Sioe Liong". Forbes. Retrieved 31 January 2010. 
  12. ^ Chelvi, S. Tamarai (27 November 2006). "Mirzan's wife withdraws application for divorce". The Sun. Retrieved 31 January 2010. 
  13. ^ url = http://www.youtube.com/watch?v=-Ar-jliVby8

Bibliography[edit]

  • Rowley, Anthony (7 April 1983), "Birth of a Multinational", Far Eastern Economic Review, ISSN 0014-7591. 
  • Siregar, Sori Ersa & Widya, Kencana Tirta (1989), Liem Sioe Liong: Dari Futching ke Mancanegara (in Indonesian), Jakarta: Pustaka Merdeka, ISBN 978-979-8054-16-7. 
  • Soetriyono, Eddy (1989), Kisah Sukses Liem Sioe Liong (in Indonesian), Jakarta: Indomedia. 
  • Suryadinata, Leo (1995), Prominent Indonesian Chinese: Biographical Sketches (3rd ed.), Singapore: Institute of Southeast Asian Studies, ISBN 978-981-3055-04-9. 

Further reading[edit]

External links[edit]