Bachtiar Karim & family: Bachtiar Karim & family Net Worth, Biography, Age, Spouse, Children & More

About Bachtiar Karim & family

Indonesian palm oil magnate, Bachtiar Karim, recognized as Indonesia's 10th wealthiest individual in 2021 with a fortune of $3.5 billion, plays a pivotal role in the palm oil industry as the Chairman of Musim Mas, a leading global palm oil conglomerate. With an education from Hwa Chong Junior College and a Mechanical Engineering degree from the National University of Singapore, Karim's influence extends beyond business into philanthropy, notably contributing to his alma mater. His notable acquisitions include Darby Park Executive Suites and the historic House of Tan Yeok Nee in Singapore, underlining his substantial investments in the region. Karim's family legacy in entrepreneurship is solidified through their establishment of a training center at the University of North Sumatra, honoring their father, Anwar Karim's, entrepreneurial beginnings in 1932. Additionally, Karim's impact in Asia’s business and philanthropic scenes garnered him a place among Asia's Most Influential in 2021 by Tatler.

Born

November 05, 1957 in Medan, Indonesia

Age

68 years

Source Of Wealth

Palm Oil

Industries

Manufacturing

Citizenship

Indonesia

Residence

Medan

Parent

Anwar Karim & Mikie Wijaya

Bachtiar Karim was born into a prominent Indonesian family in Medan, North Sumatra. His father, Anwar Karim, was a successful businessman who founded the Nam Cheong Soap Factory in 1932. Bachtiar Karim grew up in a supportive and nurturing environment, which instilled in him a strong work ethic and a passion for entrepreneurship.

Bachtiar Karim & family: Family

Bachtiar Karim comes from a close-knit family. He has three brothers: Burhan Karim, Bahari Karim, and Bachrum Karim. Together, the Karim brothers have continued their father's legacy and expanded the family business into a global conglomerate.

Bachtiar Karim & family: Career Highlights

Bachtiar Karim's career is marked by a series of impressive achievements. He currently serves as the Chairman of Musim Mas, one of the world's leading palm oil conglomerates headquartered in Singapore. Under his leadership, Musim Mas has grown exponentially and become a major player in the global palm oil industry.

Bachtiar Karim & family: Companies

Bachtiar Karim is associated with several prominent companies. He is the Chairman of Musim Mas, which has operations in Indonesia, Malaysia, Singapore, and China. Additionally, he has served as the President Director of PT SMART Tbk, a publicly listed company on the Indonesia Stock Exchange.

Bachtiar Karim & family: Major Achievements

Bachtiar Karim has achieved significant milestones throughout his career. He was listed as Indonesia's #10 richest man, with a net worth of $3.5 billion in 2021. Furthermore, he was recognized by Tatler as one of Asia's Most Influential individuals in the same year.

Bachtiar Karim & family: Awards & Achievements

Bachtiar Karim's contributions to the business world have been widely recognized. He has received numerous awards and accolades, including the Ernst & Young Entrepreneur of the Year Award in 2007 and the Asia Business Leader Award in 2019.

Bachtiar Karim & family: Personal Life & Legacy

Bachtiar Karim is known for his philanthropic endeavors. He is actively involved in various charitable activities and has established his own entrepreneur and training center in Medan.

Additionally, he has made significant donations to his alma mater, the NUS Business School.

Bachtiar Karim & family: Trivia

In 2019, Bachtiar Karim made headlines when he purchased the entire Darby Park Executive Suites in Singapore for $160 million. More recently, in 2022, his family successfully acquired the House of Tan Yeok Nee in Singapore through a competitive Expression of Interest exercise (EOI).

Wealth History

Timeline

1932

Anwar Karim, Bachtiar Karim's father, founded the Nam Cheong Soap Factory in Medan.

1960

Bachtiar Karim was born.

1970s

Bachtiar Karim studied in Singapore at the Hwa Chong Junior College.

1980s

Bachtiar Karim completed a degree in Mechanical Engineering at the National University of Singapore.

2019

Bachtiar Karim bought over the entire Darby Park Executive Suites in Singapore for $160 million.

2021

Bachtiar Karim was listed as Indonesia's #10 richest man, with a net-worth of $3.5B.

2021

Bachtiar Karim was listed in Tatler as one of Asia's Most Influential.

2022

Bachtiar Karim's family bought the House of Tan Yeok Nee in Singapore through a competitive Expression of Interest exercise (EOI).

Bachtiar Karim & family : FAQs

What is Bachtiar Karim's net worth?

As of 2016, Bachtiar Karim's net worth was $3.20 billion.

What are Bachtiar Karim's main sources of wealth?

Bachtiar Karim's main source of income comes from Palm Oil.

In which industry does Bachtiar Karim primarily operate?

Bachtiar Karim is primarily involved in the Manufacturing industry.

How old is Bachtiar Karim?

Bachtiar Karim is 68 years old.

How many children does Bachtiar Karim have?

Bachtiar Karim has 2 children.

Who is Bachtiar Karim and why is he notable?

Bachtiar Karim is a prominent Indonesian businessman and palm oil tycoon, known for being the Chairman of Musim Mas, one of the leading palm oil conglomerates globally. He gained recognition for his substantial net-worth and influence, listed as Indonesia's #10 richest man in 2021 and featured in Tatler as one of Asia's Most Influential the same year.

Can you detail some of the notable transactions by Bachtiar Karim?

Among his significant acquisitions, Bachtiar Karim bought the Darby Park Executive Suites in Singapore for $160 million in 2019, and in 2022, his family acquired the historic House of Tan Yeok Nee in Singapore through a competitive Expression of Interest (EOI) process.

What is the background of Bachtiar Karim's family?

Bachtiar Karim's family has a deep entrepreneurial history, dating back to when his father, Anwar Karim, founded the Nam Cheong Soap Factory in Medan in 1932. Bachtiar has three brothers and together, they have contributed to philanthropic causes including the establishment of an entrepreneur center at the University of North Sumatra.

How does Bachtiar Karim contribute to philanthropy?

Bachtiar Karim is actively engaged in philanthropic activities, including the founding of an entrepreneur and training center in Medan. He has also made significant donations to his alma mater, the National University of Singapore Business School, among other contributions.