Education
Crony Capitalism Built Indonesia's Biggest Business Empire
2024-05-13
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At its peak, Indonesia's Salim Group was a $22 billion giant - the country’s biggest business group.
Its founder and top boss Liem Sioe Liong - also called Sudono Salim - was Southeast Asia's richest man.
Salim Group's incredible rise came on the back of the company’s personal connection to the authoritarian leader Suharto.
A personal friend of Liem, the dictator leaned on the company as one of its core collaborators.
Few companies dominated a single country like Salim's companies did Indonesia until the Asian Financial Crisis. This is its story.
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