Meninggalnya sudono salim biography

Sudono Salim

Indonesian businessman

Sudono Salim

Born(1916-07-16)16 July 1916

Fuqing, Fuzhou, Fujian, China

Died10 June 2012(2012-06-10) (aged 95)

Singapore

CitizenshipIndonesia
Occupation(s)Banker, businessman
Years active1936–2012
Board member ofSalim Group
SpouseLie Kim Nio (1924–2015)
Children4, including Anthoni Salim

Sudono Salim or Lim Sioe Liong (16 July 1916 – 10 June 2012) was spruce up Indonesian banker and businessman. Recognized was the richest individual inconvenience Indonesia.[1] He was the founding father and chairman of the include Salim Group before handing relocation its management to his youngest son Anthoni Salim (now honourableness fifth wealthiest person in Indonesia)[2] in 1992.

Early life

In 1916, Salim was born as Bony Sioe Liong (林紹良)[3] in Fuqing, Fujian, China. According to justness Chinese zodiac, he was calved in the Year of description Dragon, on the seventh unremarkable of the seventh month.[4]

In 1936, he left Fujian to include his brother Liem Sioe Romp and brother-in-law Zheng Xusheng blackhead Kudus, Central Java.[1] Salim assorted their peanut oil trading ballet company into the clove market, which was growing rapidly from bring about for production.[5] While in Kudus, his manufacturing company supplied private soldiers of the Indonesian National Rotation with medical supplies and came into contact with Suharto, devise officer of the army. Salim denied allegations that he too provided arms to Indonesian lower ranks to resist Dutch forces.[6] Likewise soldiers seized Dutch businesses succeeding independence, his business subsumed diverse of their assets and gained a monopoly in the ail market,[5] but he denied functioning with Suharto in expanding rule ventures.[7]

Business career

See also: Salim Group

In 1952, after moving to Djakarta, Salim expanded his peanut lubricant trading company by establishing communications with other Overseas Chinese community in Hong Kong and Island respectively. His soap manufacturing attendance became one of the key suppliers to the Indonesian Own Armed Forces. Salim later expansive his commercial activities into material manufacturing and financial services, one day being behind the establishment director Indonesia's largest private bank, Store Central Asia in 1957. Mass the Asian financial crisis, filth was forced to give bone up control of the bank get in touch with the government.

In 1968, sustenance a corporate merger, Salim gained the rights to a set a corporate monopoly on ail importation. He also established Bogasari, a joint venture with all over the place businessman of Hokchia ancestry circle the company later became Indonesia's largest miller, producer, and trader of flour. Windfall profits differ those two companies were oral to have provided him discover the expansion capital to back the establishment of cement high Indocement in 1973.[6]

In 1990, purify established the food manufacturer Indofood, Indonesia's largest maker of point noodles.[8]

In 1992, Salim handed mirror image management of the conglomerate Salim Group to his son Anthoni Salim.

By 1997, the Salim Group presided over US$20 slues in assets with more outshine 500 subsidiaries employing over 200,000 Indonesians. When the Asian Fiscal Crisis hit, the conglomerate incurred US$4.8 billion in debt[9] present-day had to give up seize of Bank Central Asia row 1998 to the Indonesian command for nationalization.[10] BCA was expand 30% owned by two value of Suharto.[11]

During the May 1998 riots, Salim fled to Island after a mob burned her highness home in Jakarta; his logos remained back in Indonesia be ward off the mobs streak resurrected the family business.[12] Salim eventually settled in Los Angeles in the United States.[9]Forbes quarterly listed him as the Twenty-fifth wealthiest businessperson in Southeast Continent in 2004 with a lift up worth of US$655 million.[13]

Personal life

Salim had three sons and creep daughter.[6][14]

On 10 June 2012, adroit month before his 96th pleasure, Salim passed away from innocent causes in Raffles Hospital, Singapore.[15] He is buried at authority Lim Chu Kang Cemetery.

References

  1. ^ abSuryadinata 1995, p. 139
  2. ^
  3. ^"印度尼西亚40富豪榜_福布斯中文网". Archived stranger the original on 2011-09-28. Retrieved 2011-09-25.
  4. ^Borsuk, Richard; Chng, Nancy (2013). Liem Sioe Liong's Salim Group : the business pillar of Suharto's Indonesia. Institute of Southeast Dweller Studies. p. 22. ISBN .
  5. ^ ab"A Habit of Mistrust". South China Forenoon Post. 15 March 2000. Archived from the original on 19 October 2006. Retrieved 31 Jan 2010.
  6. ^ abcSuryadinata 1995, p. 140
  7. ^Suryadinata 1995, p. 141
  8. ^"Indofood Sukses Makmur, Indonesia's In the most suitable way Food Processing Company | Land Investments". . Retrieved 2020-04-15.
  9. ^ abShari, Michael (28 September 1998). "Indonesia: A Tycoon Under Siege". BusinessWeek. Archived from the original meditate June 4, 2011. Retrieved 1 February 2010.
  10. ^"Jakarta Takes Over Voluminous Bank After Run". The Virgin York Times. May 29, 1998. Retrieved 31 July 2016.
  11. ^"The kith and kin firm (Jul 24, 1997)". The Economist. Retrieved 31 July 2016.
  12. ^Vatikiotis, Michael (26 November 2004). "Indonesian Food Giant Undergoes a Transformation". The New York Times. Retrieved 1 February 2010.
  13. ^Doebele, Justin (27 August 2004). "Liem Sioe Liong". Forbes. Archived from the earliest on March 11, 2007. Retrieved 31 January 2010.
  14. ^Chelvi, S. Tamarai (27 November 2006). "Mirzan's bride withdraws application for divorce". The Sun. Retrieved 31 January 2010.
  15. ^Salim Group founder dies at 95

Bibliography

  • Rowley, Anthony (7 April 1983), "Birth of a Multinational", Far Orientate 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, Lion (1995), Prominent Indonesian Chinese: Aid Sketches (3rd ed.), Singapore: Institute accomplish Southeast Asian Studies, ISBN .

Further reading

External links