Billionaire Profile
Bachtiar Karim
Global Rank
#2587

Image: Unsplash Contributor | Unsplash License | via Unsplash

Bachtiar Karim

CEO, Palm oil
INDONESIA
Real-Time Net Worth
$1.553B
Estimated based on Palm oil stock value as of April 21, 2026
0% (24h)
Age
68
Source
Palm oil
Industry
Diversified
Citizenship
INDONESIA

Biography

Bachtiar Karim, born in Medan, Indonesia, is a prominent businessman and palm oil magnate. As the Chairman and CEO of Musim Mas Holdings, a leading integrated palm oil company based in Singapore, he oversees global operations including plantations, refining, and manufacturing. With an estimated net worth of $1.6 billion, Bachtiar Karim's wealth is derived from his significant stake in Musim Mas. His career began at a young age, taking over the family's soap factory and transforming it into a global enterprise with $8.9 billion in revenue in 2023. Beyond business, he is involved in philanthropy through the Karim Family Foundation, supporting education and community development.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Bachtiar Karim, born on November 5, 1957, in Medan, North Sumatra, Indonesia, is of Chinese-Indonesian heritage. He is the eldest of four sons born to Anwar Karim, who founded the Nam Cheong Soap Factory in 1932. Bachtiar received his secondary education in Singapore and later earned a bachelor's degree in mechanical engineering from the National University of Singapore.

Rise to Success

Karim began his career in the family business at a young age. After his grandfather's death, he took on management responsibilities at age 20, improving the family's soap production. Under his leadership, Musim Mas evolved into a fully integrated palm oil operation with upstream plantations, midstream refining, and downstream exports. In 1997, after his father's death, he became the chairman and CEO of Musim Mas. Under his guidance, the company has expanded globally, with key markets in India and diversified into sustainable practices.

Key Business Strategies

Key strategies include vertically integrating the business from cultivation to finished products. Musim Mas has focused on sustainable practices, including plasma smallholder schemes. The company has also invested in technological and operational improvements. Musim Mas has a strong global presence, exporting products to various countries including India.

Philanthropy

Bachtiar Karim is actively involved in philanthropy. He has established the Karim Family Foundation with his wife, Dewi Sukwanto. The foundation focuses on areas like education, sports development, and mental health. He also supports his alma mater, the National University of Singapore, where he established the Bachtiar Karim Professorship in Sustainability. The family's entrepreneur center operates in the University of North Sumatra.

Career Milestones

1970

First Palm Oil Refinery

The Karim family opened the first palm oil refinery in Indonesia.

1972

Musim Mas Established

PT Musim Mas was formally set up.

1981

Joined Family Business

Karim joined the family business, learning the intricacies of the oleochemical business.

1997

Chairman and CEO of Musim Mas

Bachtiar Karim took over the roles of chairman and CEO of Musim Mas after his father's death.

2019

Acquisition

Karim bought Royal Darby Park Executive Suites for $117 million.

2021

Established Karim Family Foundation

Established with Dewi Sukwanto to formalize their philanthropic efforts.

Philanthropy & Social Impact

Education

Karim Family Foundation Scholarship

$2M

Established a scholarship at SMU to support Indonesian students.

Education

Bachtiar Karim Professorship in Sustainability

$2M

Donated to establish a professorship at the NUS Business School.