Bachtiar Karim | |
---|---|
Born | |
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) is an Indonesian businessman and palm oil tycoon [1] [2] He is the chairman of Musim Mas, one of the world's leading palm oil conglomerates headquartered in Singapore. [3] [4] Karim was listed as Indonesia's #10 richest man, with a net-worth of $3.5B in 2021. [5] [4] He was also listed in Tatler as one of Asia's Most Influential in 2021 [6]
He studied in Singapore at the Hwa Chong Junior College and completed a degree in Mechanical Engineering at the National University of Singapore. [7]
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. [8] 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. [9]
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). [10] 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." [11] Currently, it remains the campus of Amity Global Institute.
His father Anwar Karim founded the Nam Cheong Soap Factory in Medan in 1932. [12] He has three brothers: Burhan Karim, Bahari Karim, Bachrum Karim. I His family founded an entrepreneur center, which operates in the University of North Sumatra. [12]
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. [13]
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