Sudono Salim

Sudono Salim (Chinese: 林绍良, Liem Swie Liong or Lim Sioe Liong) (born 10 September 1915), an ethnic-Chinese Indonesian (Chinese Indonesian) of Hok-Chia (Fuqing, Fujian) origin, is considered one of the most successful entrepreneurs in Indonesia. At one point in time, he was believed to be the richest individual in Indonesia. His businesses were mostly without competition, due largely to his strong ties to then-president Suharto and co-ownership with prominent politicians and public figures. He monopolized the Indonesian cement and flour industries, among many others. He is a major shareholder in Indofood Sukses Makmur, a company that manufactures one of the most popular instant noodle brands in Indonesia, Indomie. Another of his assets come from his holdings in Philippine Long Distance Telephone Company (PLDT).

Impact of Financial Crisis

In 1998, he gave up his majority stake in Indonesia's largest private bank, Bank Central Asia (BCA), to the Indonesian government, as a way to repay the huge loans that his family-owned company Salim Group has incurred. The monopolistic nature of his businesses left many grumbling, and during the Jakarta Riots of May 1998, his mansion in Jakarta was razed to the ground. He has resided in countries like Singapore and the United States since then. Most of his businesses have been run by his youngest son, Anthony Salim.

ee also

* List of Chinese Indonesians
* Salim Group

References

* [http://www.tokohindonesia.com/ensiklopedi/s/sudono-salim/index.shtml Biography from Tokoh Indonesia] (in Indonesian)
* [http://www.forbes.com/finance/lists/76/2004/LIR.jhtml?passListId=76&passYear=2004&passListType=Person&uniqueId=7QBC&datatype=Person Short feature on Forbes.com] (in English)
* [http://www.thesundaily.com/article.cfm?id=16230 Mirzan’s wife withdraws application for divorce]