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Suggest pagesSudono Salim
| Sudono Salim 林紹良[1] |
|
|---|---|
| Residence | Indonesia |
| Ethnicity | Han Chinese[2] |
| Citizenship | Indonesia |
| Sudono Salim | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 林紹良 | ||||||||||||
| Simplified Chinese | 林绍良 | ||||||||||||
| Hanyu Pinyin | Lín Shàoliáng | ||||||||||||
|
|||||||||||||
| Indonesian name | |||||||||||||
| Indonesian | Liem Sioe Liong | ||||||||||||
Sudono Salim (born 16 July 1916), also known as Liem Sioe Liong, is 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 in 1992.
Contents |
[edit] Early life
Salim was born in Fuqing, Fujian, China, as the second son 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.[4] 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.[5] As soldiers seized Dutch businesses following independence, his business absorbed many of their assets and gained a monopoly in the clove market,[4] but he denied working with Suharto in expanding his ventures.[6]
[edit] Business career
After moving to Medan 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.[5] In 1990, he established the food manufacturer Indofood.[7]
Salim handed over management of the conglomerate Salim Group in 1992 to his sons Anthony and Harlim Exstrada. 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.[8] Salim fled to Singapore during the May 1998 riots, when a mob burned his Medan home; his son remained to rebuild the Salim Group.[9] He eventually settled in Los Angeles in the United States.[8] Forbes magazine listed him as the 25th wealthiest businessperson in Southeast Asia in 2004 with a net worth of US$655 million.[10]
[edit] Family
Salim has four sons and two daughters.[5][11]
[edit] See also
[edit] Notes
- ^ [1]
- ^ [2]
- ^ a b Suryadinata 1995, p. 139
- ^ a b "A Tradition of Mistrust". South China Morning Post. 15 March 2000. Archived from the original on 19 October 2006. http://web.archive.org/web/20061019184037/special.scmp.com/wchal/background/ZZZKYOJ7CPC.html. Retrieved 31 January 2010.
- ^ a b c Suryadinata 1995, p. 140
- ^ Suryadinata 1995, p. 141
- ^ Witular, Rendi A. (26 June 2004). "Salim in driving seat at Indofood". The Jakarta Post. http://www.thejakartapost.com/news/2004/06/26/salim-driving-seat-indofood.html. Retrieved 1 February 2010.
- ^ a b Shari, Michael (28 September 1998). "Indonesia: A Tycoon Under Siege". BusinessWeek. http://www.businessweek.com/archives/1998/b3597087.arc.htm. Retrieved 1 February 2010.
- ^ Vatikiotis, Michael (26 November 2004). "Indonesian Food Giant Undergoes a Transformation". The New York Times. http://www.nytimes.com/2004/11/26/business/worldbusiness/26noodle.html. Retrieved 1 February 2010.
- ^ Doebele, Justin (27 August 2004). "Liem Sioe Liong". Forbes. http://www.forbes.com/finance/lists/76/2004/LIR.jhtml?passListId=76&passYear=2004&passListType=Person&uniqueId=7QBC&datatype=Person. Retrieved 31 January 2010.
- ^ Chelvi, S. Tamarai (27 November 2006). "Mirzan's wife withdraws application for divorce". The Sun. http://www.thesundaily.com/article.cfm?id=16230. Retrieved 31 January 2010.
[edit] Bibliography
- Rowley, Anthony (7 April 1983), "Birth of a Multinational", Far Eastern Economic Review, ISSN 0014-7591.
- Siregar, Sori Ersa & Widya, Kencana Tirta (1989) (in Indonesian), Liem Sioe Liong: Dari Futching ke Mancanegara, Jakarta: Pustaka Merdeka, ISBN 978-979-8054-16-7.
- Soetriyono, Eddy (1989) (in Indonesian), Kisah Sukses Liem Sioe Liong, Jakarta: Indomedia.
- Suryadinata, Leo (1995), Prominent Indonesian Chinese: Biographical Sketches (3rd ed.), Singapore: Institute of Southeast Asian Studies, ISBN 978-981-3055-04-9.
[edit] Further reading
- Landler, Mark (16 May 1999), "Year of Living Dangerously For a Tycoon in Indonesia", The New York Times: 31, http://www.nytimes.com/1999/05/16/business/year-of-living-dangerously-for-a-tycoon-in-indonesia.html.
[edit] External links
- (Indonesian) Sudono Salim at Tokoh Indonesia
