Bachtiar Karim
{{short description|Indonesian businessman}}
{{Infobox person
| name = Bachtiar Karim
| other_names =
| birth_date = {{birth date and age|1957|11|5}}
| birth_place = Medan, Indonesia
| citizenship = Indonesian
| alma mater = NUS Business
| occupation = Owner, Musim Mas
| parents = Anwar Karim & Mikie Wijaya
| spouse =
| children =
| relatives = Burhan Karim (brother)
Bahari Karim (brother)
}}
Bachtiar Karim (born November 5, 1957) is an Indonesian businessman and palm oil tycoonhttps://deras.co.id/2016/04/14/pt-musim-mas-berencana-perpanjang-beasiswa-anak-mas-ypsa/ Bachtiar Karim and wife, pictured in 2016{{cite web | url=https://www.forbes.com/sites/gloriaharaito/2023/06/01/indonesian-palm-oil-billionaire-bachtiar-karims-son-is-building-a-property-group-to-diversify-the-familys-business-empire/?sh=35a6fbd52a3a | title=Indonesian Palm Oil Billionaire Bachtiar Karim's Son is Building a Property Group to Diversify the Family's Business Empire | website=Forbes }} He is the chairman of Musim Mas, one of the world's leading palm oil conglomerates headquartered in Singapore.{{Cite news|date=2012-07-15|title=FACTBOX-Indonesia's palm oil tycoons drive investment spree|language=en|work=Reuters|url=https://www.reuters.com/article/us-indonesia-palm-tycoons-idUSBRE86E0IE20120715|access-date=2020-10-25}}[1] Karim was listed as Indonesia's #10 richest man, with a net-worth of $3.5B in 2021.{{Cite web|last=Web|first=Digital|date=2014-08-26|title=Biography of Bachtiar Karim|url=https://www.indonesiarichest.net/biography-of-bachtiar-karim/|access-date=2020-08-03|website=Indonesia Richest|language=en-US}} He was also listed in Tatler as one of Asia's Most Influential in 2021{{cite web |title=Tatler Asia's Most Influential 2021 |url=https://www.tatlerasia.com/people/bachtiar-karim |access-date=12 December 2021}}
Education
He studied in Singapore at the Hwa Chong Junior College and completed a degree in Mechanical Engineering at the National University of Singapore.{{Cite web|title=|url=https://www.pressreader.com/singapore/the-business-times/20190919/page/2|access-date=2020-08-03|via=PressReader}}
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.{{Cite web|last=hermesauto|date=2019-10-14|title=Singapore property investment sales more than double to $16.7b on quarter: Report|url=https://www.straitstimes.com/business/property/singapore-property-investment-sales-more-than-double-to-167b-in-q3-from-previous|access-date=2020-10-25|website=The Straits Times|language=en}} 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.{{cite web |title=Standard Hotel Coming to Singapore |date=5 August 2021 |url=https://sg.style.yahoo.com/first-look-the-standard-coming-to-singapore-in-2023-091032737.html |access-date=12 December 2021}}
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).{{Cite web |title=House of Tan Yeok Nee sold to family of Indonesian tycoon Bachtiar Karim |url=https://www.channelnewsasia.com/singapore/house-tan-yeok-nee-sold-family-indonesian-tycoon-bachtiar-karim-2535521 |access-date=2023-01-17 |website=CNA |language=en}} 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."{{Cite web |title=Savills Singapore {{!}} House of Tan Yeok Nee Sold |url=https://www.savills.com.sg/insight-and-opinion/savills-news/205541-0/house-of-tan-yeok-nee-sold |access-date=2023-01-17 |website=www.savills.com.sg |date=24 July 2017 |language=English}} Currently, it remains the campus of Amity Global Institute.
Family
His father Anwar Karim founded the Nam Cheong Soap Factory in Medan in 1932.{{Cite book|last=Salihovic, Elnur|url=https://www.worldcat.org/oclc/988749011|title=Major players in the Muslim business world|date=5 October 2015|publisher=|isbn=978-1-62734-052-6|location=Boca Raton, Florida|pages=120|oclc=988749011}} He has three brothers: Burhan Karim, Bahari Karim, Bachrum Karim. His family founded an entrepreneur center, which operates in the University of North Sumatra.
==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.{{cite web |title=NUS Business Honour Role |url=https://bschool.nus.edu.sg/giving/honour-roll/ |access-date=12 December 2021}}
References
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Category:Indonesian businesspeople
Category:Indonesian people of Chinese descent