16 July 1916|
Fuqing, Fujian, China
|Died||11 June 2012
|Other names||Liem Sioe Liong|
|Net worth||US $655 Million|
Board member of
|Spouse(s)||Lie Las Nio|
3 Sons: Albert Salim, Anthony Salim, Andre Salim
1 Daughter: Mira Salimyuiu
|Hanyu Pinyin||Lín Shàoliáng|
|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. 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 ) in 1992.
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. Salim diversified their peanut oil trading business into the clove market, which was growing rapidly from demand for kretek production. 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. As soldiers seized Dutch businesses following independence, his business absorbed many of their assets and gained a monopoly in the clove market, but he denied working with Suharto in expanding his ventures.
Business career, family and death
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. In 1990, he established the food manufacturer Indofood.
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. Salim fled to Singapore during the May 1998 riots, when a mob burned his Jakarta home; his son remained to rebuild the Salim Group. He eventually settled in Los Angeles in the United States. Forbes magazine listed him as the 25th wealthiest businessperson in Southeast Asia in 2004 with a net worth of US$655 million.
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- 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.
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- (Indonesian) Sudono Salim at Tokoh Indonesia