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Billionaire Profile
Bachtiar Karim
Global Rank
#2586

Bachtiar Karim

CEO, Palm oil
Medan, Indonesia
Real-Time Net Worth
$1.55B
Estimated based on Palm oil stock value as of September 10, 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.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.55B
2025$1.60B
2024$1.60B

Portfolio Holdings

Musim Mas Holdings

Musim Mas Holdings

Specialty Chemicals
Singapore
37,000 employees
Founded 1932

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.

Billionaires Connected to Bachtiar Karim

Peers in Diversified

All Diversified billionaires

Richest in Indonesia

All billionaires from Indonesia

Adjacent Global Ranks

Full global ranking

Frequently Asked Questions

What is Bachtiar Karim's net worth in 2026?
As of 2026, Bachtiar Karim's estimated net worth is $1.554 billion, ranking #2586 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Bachtiar Karim make their money?
Bachtiar Karim's wealth primarily comes from Palm oil, most notably through Palm oil.
Where is Bachtiar Karim from?
Bachtiar Karim is from Indonesia.
How old is Bachtiar Karim?
Bachtiar Karim is 68 years old.

Sources & References

  1. Bachtiar Karim — Forbes profile Forbes