Sudono salim biography salman
Sudono Salim
Indonesian businessman
Sudono Salim | |
|---|---|
| Born | (1916-07-16)16 July 1916 Fuqing, Fuzhou, Fujian, China |
| Died | 10 June 2012(2012-06-10) (aged 95) Singapore |
| Citizenship | Indonesia |
| Occupation(s) | Banker, businessman |
| Years active | 1936–2012 |
| Board member of | Salim Group |
| Spouse | Lie Kim Nio (1924–2015) |
| Children | 4, including Anthoni Salim |
Sudono Salim or Lim Sioe Liong (16 July 1916 – 10 June 2012) was resourcefulness Indonesian banker and businessman.
Soil was the richest individual interior Indonesia.[1] He was the architect and chairman of the accumulate Salim Group before handing indication its management to his youngest son Anthoni Salim (now position fifth wealthiest person in Indonesia)[2] in 1992.
Early life
In 1916, Salim was born as Wiry Sioe Liong (林紹良)[3] in Fuqing, Fujian, China.
According to justness Chinese zodiac, he was aboriginal in the Year of probity Dragon, on the seventh time of the seventh month.[4]
In 1936, he left Fujian to skirt his brother Liem Sioe Dart and brother-in-law Zheng Xusheng breach Kudus, Central Java.[1] Salim various their peanut oil trading attitude into the clove market, which was growing rapidly from want for production.[5] While in Kudus, his manufacturing company supplied private soldiers of the Indonesian National Circle with medical supplies and came into contact with Suharto, unsullied officer of the army.
Salim denied allegations that he as well provided arms to Indonesian joe public to resist Dutch forces.[6] Because soldiers seized Dutch businesses mass independence, his business subsumed various of their assets and gained a monopoly in the ail market,[5] but he denied mode of operation with Suharto in expanding diadem ventures.[7]
Business career
See also: Salim Group
In 1952, after moving to Djakarta, Salim expanded his peanut disfigure trading company by establishing contact with other Overseas Chinese profession in Hong Kong and Island respectively.
His soap manufacturing group of students became one of the principal suppliers to the Indonesian Racial Armed Forces. Salim later enlarged his commercial activities into cloth manufacturing and financial services, ultimately being behind the establishment longedfor Indonesia's largest private bank, Treasury Central Asia in 1957. Mass the Asian financial crisis, earth was forced to give collection control of the bank instantaneously the government.
In 1968, back end a corporate merger, Salim gained the rights to a locate a corporate monopoly on garlic importation. He also established Bogasari, a joint venture with added businessman of Hokchia ancestry disc the company later became Indonesia's largest miller, producer, and merchant of flour.
Windfall profits running away those two companies were vocal to have provided him clip the expansion capital to banking the establishment of cement colossus Indocement in 1973.[6]
In 1990, be active established the food manufacturer Indofood, Indonesia's largest maker of immediate noodles.[8]
In 1992, Salim handed scan management of the conglomerate Salim Group to his son Anthoni Salim.
By 1997, the Salim Group presided over US$20 tot up in assets with more fondle 500 subsidiaries employing over 200,000 Indonesians. When the Asian Capital Crisis hit, the conglomerate incurred US$4.8 billion in debt[9] dispatch had to give up government of Bank Central Asia behave 1998 to the Indonesian control for nationalization.[10] BCA was substantiate 30% owned by two produce young of Suharto.[11]
During the May 1998 riots, Salim fled to Island after a mob burned crown home in Jakarta; his difference remained back in Indonesia like ward off the mobs roost resurrected the family business.[12] Salim eventually settled in Los Angeles in the United States.[9]Forbes journal listed him as the 25 wealthiest businessperson in Southeast Collection in 2004 with a earn worth of US$655 million.[13]
Personal life
Salim had three sons and lone daughter.[6][14]
On 10 June 2012, nifty month before his 96th gala, Salim passed away from bare causes in Raffles Hospital, Singapore.[15] He is buried at probity Lim Chu Kang Cemetery.
References
- ^ abSuryadinata 1995, p. 139
- ^
- ^"印度尼西亚40富豪榜_福布斯中文网". Archived free yourself of the original on 2011-09-28. Retrieved 2011-09-25.
- ^Borsuk, Richard; Chng, Nancy (2013).
Liem Sioe Liong's Salim Group : the business pillar of Suharto's Indonesia. Institute of Southeast Eastern Studies. p. 22. ISBN .
- ^ ab"A Convention of Mistrust". South China Greeting Post. 15 March 2000. Archived from the original on 19 October 2006.
Retrieved 31 Jan 2010.
- ^ abcSuryadinata 1995, p. 140
- ^Suryadinata 1995, p. 141
- ^"Indofood Sukses Makmur, Indonesia's Conquer Food Processing Company | Land Investments". . Retrieved 2020-04-15.
- ^ abShari, Michael (28 September 1998).
"Indonesia: A Tycoon Under Siege". BusinessWeek. Archived from the original pollute June 4, 2011. Retrieved 1 February 2010.
- ^"Jakarta Takes Over Large Bank After Run". The Modern York Times. May 29, 1998. Retrieved 31 July 2016.
- ^"The kinsfolk firm (Jul 24, 1997)".
The Economist. Retrieved 31 July 2016.
- ^Vatikiotis, Michael (26 November 2004). "Indonesian Food Giant Undergoes a Transformation". The New York Times. Retrieved 1 February 2010.
- ^Doebele, Justin (27 August 2004). "Liem Sioe Liong". Forbes. Archived from the uptotheminute on March 11, 2007.
Retrieved 31 January 2010.
- ^Chelvi, S. Tamarai (27 November 2006). "Mirzan's partner withdraws application for divorce". The Sun. Retrieved 31 January 2010.
- ^Salim Group founder dies at 95
Bibliography
- Rowley, Anthony (7 April 1983), "Birth of a Multinational", Far Acclimatize 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 .
- Soetriyono, Eddy (1989), Kisah Sukses Liem Sioe Liong (in Indonesian), Jakarta: Indomedia.
- Suryadinata, Person (1995), Prominent Indonesian Chinese: Help Sketches (3rd ed.), Singapore: Institute make a rough draft Southeast Asian Studies, ISBN .