Bachtiar Karim
Bachtiar Karim 林益建 | |
|---|---|
| Born | November 5, 1957 |
| Other names | Lim Ek Tjioe[1] |
| Citizenship | Indonesian |
| Alma mater | NUS Business |
| Occupation(s) | Owner, Musim Mas |
| Parent | Anwar Karim & Mikie Wijaya |
| Relatives | Burhan Karim (brother) Bahari Karim (brother) |
Bachtiar Karim (born November 5, 1957) or Lim Ek Tjioe (Chinese: 林益建; pinyin: Lín Yìjiàn) is a Chinese-Indonesian[2] 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] His family's real estate investment company, Invictus Developments, is redeveloping the plot of land under the Standard Hotels chain into a luxury boutique 143-room hotel, slated to be open in 2023.[10]
In 2022, Karim's family bought the House of Tan Yeok Nee (a mansion building designated as a national monument of Singapore) in the Museum Planning Area through a competitive Expression of Interest exercise (EOI).[11] It is one of just five privately-owned Commercial national monuments. Chayadi Karim, the spokesperson of the Karim family, said they are "exploring various investment strategies for ... this conservation marvel."[12] Currently, it remains the campus of Amity Global Institute.
Family
His father Anwar Karim founded the Nam Cheong Soap Factory in Medan in 1932.[13] He has three brothers: Burhan Karim, Bahari Karim, Bachrum Karim. His family founded an entrepreneur center, which operates in the University of North Sumatra.[13]
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.[14]
References
- ^ "Lim Ek Tjioe". Retrieved 12 December 2021.
- ^ https://deras.co.id/2016/04/14/pt-musim-mas-berencana-perpanjang-beasiswa-anak-mas-ypsa/ Bachtiar Karim and wife, pictured in 2016
- ^ "Prestige Online". Prestige. Retrieved 12 December 2021.
- ^ Reuters Staff (2012-07-15). "FACTBOX-Indonesia's palm oil tycoons drive investment spree". Reuters. Retrieved 2020-10-25.
{{cite news}}:|author=has generic name (help) - ^ "Bachtiar Karim & family". Forbes. Retrieved 2020-08-03.
- ^ Web, Digital (2014-08-26). "Biography of Bachtiar Karim". Indonesia Richest. Retrieved 2020-08-03.
- ^ "Tatler Asia's Most Influential 2021". Retrieved 12 December 2021.
- ^ "PressReader.com - Your favorite newspapers and magazines". www.pressreader.com. Retrieved 2020-08-03.
- ^ hermesauto (2019-10-14). "Singapore property investment sales more than double to $16.7b on quarter: Report". The Straits Times. Retrieved 2020-10-25.
- ^ "Standard Hotel Coming to Singapore". Retrieved 12 December 2021.
- ^ "House of Tan Yeok Nee sold to family of Indonesian tycoon Bachtiar Karim". CNA. Retrieved 2023-01-17.
- ^ "Savills Singapore | House of Tan Yeok Nee Sold". www.savills.com.sg. Retrieved 2023-01-17.
- ^ a b Salihovic, Elnur. Major players in the Muslim business world. Boca Raton, Florida. p. 120. ISBN 978-1-62734-052-6. OCLC 988749011.
- ^ "NUS Business Honour Role". Retrieved 12 December 2021.