With brothers Burhan and Bahari, Bachtiar Karim runs Musim Mas, an integrated palm oil firm with $8.9 billion in 2023 revenue.
His late father Anwar founded Nam Cheong Soap Factory in 1932; the family-run operation still makes soaps and margarine.
The family opened the first palm oil refinery in Indonesia in 1970. Musim Mas was formally set up two years later.
Karim, who bought Royal Darby Park Executive Suites for $117 million from Singapore billionaire Asok Hiranandani's Royal Group in 2019, is building a Standard hotel on the site.
Son Chayadi Karim is building a property group through Singapore-based Invictus Developments. It includes hotel properties in Singapore, Sydney and Brisbane.
The family has set up an entrepreneur center at the University of North Sumatra in Medan.
Karim has donated $2 million to the National University of Singapore, his alma mater, to establish a professorship on sustainability in its business school.
In 2020, he donated $3.7 million to various causes in Singapore, including the Singapore General Hospital and the Alzheimer's Disease Association.
The economy will grow but at a slower pace than 2024. Inflation will remain above the Fed's target, with Trump’s policies limiting production while stimulating spending.
The boxing match between Logan Paul and Conor McGregor feels more real every day. A few more details about the rumored exhibition were revealed and McGregor confirmed.
The music industry is entering a critical phase where AI could either amplify its value or decimate its foundations, real music, copyrights and artists
After a tough loss to Australia, cricket legends Virat Kohli and Rohit Sharma might need to step aside for a struggling India Test team that needs to transition.
Many believe state-run visa programs could be part of a consensus immigration plan, uniting GOP factions that have been in conflict, as well as Democrats.
The NBA's reigning champions haven't looked the part lately. After a 123-114 loss to the Pacers, the Celtics are 7-6 in December.
"We've got to get out of it together."
Kiki Barki, whose coal mining riches made him a billionaire, is shifting his Harum Energy’s focus into nickel, which is used to power electric vehicles.
Media and property mogul Hary Tanoesoedibjo, executive chairman of Media Nusantara Citra (MNC) group, who dropped out of the ranks last year, is back on the list, boosted by his business associate’s imminent return to the White House.
Garibaldi “Boy” Thohir’s coal miner, known until recently as Adaro Energy Indonesia, is doubling down on renewable energy, aiming to get over half of its revenue from non-coal businesses by 2030.
The Widjaja family’s wealth soared 75% to $18.9 billion, fueled by a sevenfold jump in shares of Dian Swastatika Sentosa, the energy-to-infrastructure unit of their Sinar Mas group.