BillionaireNet
Nursalim
S
Rank #2790
IDautomotiveTires, retail

Sjamsul Nursalim

Net Worth
$2.8B
% (24h)
Sjamsul Nursalim, born January 19, 1942, is an Indonesian businessman, currently estimated to have a net worth of $2.8 billion. His wealth stems primarily from his involvement in the automotive and retail industries, notably as the driving force behind Gajah Tunggal, a leading tire manufacturer. Nursalim's career includes notable achievements such as expanding Gajah Tunggal into a major player in Southeast Asia, and establishing a strong presence in the retail sector through his stake in Mitra Adiperkasa. His business journey, however, has also been marked by controversies, including his association with the BLBI case during the 1998 financial crisis. Nursalim's resilience and strategic acumen have made him a prominent figure in Indonesia's business landscape.

The Full Dossier

Early Life

Sjamsul Nursalim was born in Lampung on January 19, 1942. He came from a family with a trading background, which influenced his interest in business from a young age. His father was a rubber seller. Nursalim pursued his education in the United States, earning a degree in business administration.

Rise to Success

Returning to Indonesia, Nursalim took over Gajah Tunggal, a small tire manufacturing company founded in 1951. Under his leadership, the company transformed significantly. He focused on modernizing the manufacturing process, improving product quality, and expanding the company's market reach. One of Nursalim's key strategies was to diversify Gajah Tunggal's product line, expanding into tires for motorcycles, passenger cars, and commercial vehicles. The success of Gajah Tunggal made him well-known internationally.

Key Business Strategies

Nursalim expanded his business portfolio to various sectors. He owns shares in Mr. Sing Holdings, a property company listed on the Singapore Stock Exchange. He also has great involvement in PT Mitra Adiperkasa Tbk (MAPI), a major retail company that houses various international brands such as Zara, Converse, and Starbucks in Indonesia. Through PT Satya Mulia Gema Gemilang, Sjamsul is suspected of controlling around 51 percent of MAPI's shares.

Philanthropy

Throughout his career, Sjamsul Nursalim has demonstrated a commitment to corporate social responsibility. He has supported various philanthropic initiatives, particularly in the areas of education, healthcare, and poverty alleviation. His contributions have positively impacted the lives of many Indonesians, reflecting his belief in giving back to society.

Career Timeline

1990

Listed Gajah Tunggal on Jakarta and Surabaya Stock Exchange

The company was listed on the Jakarta and Surabaya Stock Exchange.

1970s

Took over Gajah Tunggal

Took over Gajah Tunggal and transformed it into a major tire manufacturer.

1951

Founded Gajah Tunggal

Established to produce and distribute bicycle tires and inner tubes.

Philanthropic Impact

VariousUndisclosed

Various Initiatives

Supported various philanthropic initiatives in education, healthcare, and poverty alleviation.

Wealth Trajectory