Conglomerate Chairul Tanjung Merangsek To Rank 5 Richest People In Indonesia By Forbes

Conglomerate Chairul Tanjung. (Photo: Instagram @forbesindonesia)

JAKARTA - For economic actors, who does not know Chairul Tanjung. The conglomerate that owns CT Corp. is one of the most respected senior entrepreneurs in the country.

Most recently, the owner of CT Corp was known to improve his position as the richest man in Indonesia by Forbes titled Forbes World's Billionaires List The Richest in 2021 by jumping four spots to fifth place.

In its report, the world's leading business and financial media mentioned that the total wealth of CT, a familiar nickname of Chairul Tanjung, is worth a total of not less than 4.8 billion US dollars or equivalent to Rp6.9 trillion.

Inevitably, many people ask what "Si Anak Singkong" does so that it can hoard more wealth compared to other entrepreneurs in pandemic situations like this.

Based on the information gathered by VOI, ct entrepreneur's spirit began to be felt when he was a student at the Faculty of Dentistry, University of Indonesia in the 1980s. At that time, he had a taste of selling textbooks, T-shirts, and photocopying on campus.

Chairul also established a medical equipment store and laboratory in Senen, Central Jakarta, but went bankrupt.

After college, he founded PT Pariarti Shindutama with three colleagues. With an initial capital of Rp150 million from Bank Exim, they produce children's shoes for export.

Luck sided, the company immediately got an order of 160,000 pairs of shoes from Italy. However, due to differences in vision about business expansion, Chairul chose to split up and set up his own business.

His expertise builds networks and as an entrepreneur, makes his business grow. Directing his business to the conglomerate, Chairul repositioned itself to three core businesses: finance, property, and multimedia. In the field of finance, he took over Bank Karman which was the forerunner of Bank Mega.

Under Para Group, CT has a number of companies in the financial field, including Mega General Insurance, Mega Life Insurance, Para Multi Finance, Bank Mega, Mega Capital Indonesia, Bank Mega Syariah, and Mega Finance.

While in the field of property and investment, the company oversees Para Bandung Propertindo, Para Bali Propertindo, Batam Indah Investindo, and Mega Indah Propertindo. In the field of broadcasting and multimedia, Para Group owns Trans TV, Trans7, Mahagagaya Perdana, Trans Fashion, Trans Lifestyle, and Trans Studio.

Especially in the property business, Para Group owns Bandung Supermall. Then, in the field of investment, in early 2010 Para Group through its subsidiary, Trans Corp bought a majority stake in Carrefour Indonesia, which amounted to 40 percent.

On December 1, 2011, Chairul Tanjung inaugurated the change of The Group to CT Corp. CT Corp consists of three sub-holding companies, namely Mega Corp, Trans Corp, and CT Global Resources which include financial services, media, retail, lifestyle, entertainment, and natural resources.

In addition to pursuing the profession as an entrepreneur, Chairul Tanjung also had a chance to feel the bureaucratic chair after being appointed by the 6th President of indonesia Susilo Bambang Yudhoyono as Minister of Economy in 2014 ago.