Sjamsul Nursalim Net Worth
Sjamsul Nursalim Net Worth: Sjamsul Nursalim is an Indonesian businessman who has a net worth of $950 million. Sjamsul Nursalim built his fortune mainly through two companies: Mitra Adiperkasa, which is licensed to sell to major conglomerates such as Burger King, Starbucks and Zara, and Gajah Tunggal, a tire maker.
Even though both companies have had periods of moderate success and their share prices have at times slumped, Sjamsul Nursalim remains on the list of the richest in Indonesia. He also holds stakes in businesses such as Polychem Indonesia and KMI Wire, as well as Tuan Sing Holdings. Much of his wealth appears to come from Gajah Tunggal (a name meaning Supreme Elephant), although Mitra Adiperkasa retails clothing, shoes, toys and accessories, bags and sports equipment in Indonesia. The company operates primarily in sports equipment, fashion, food and beverage, lifestyle stores, as well as department stores and supermarkets. Also operates several cafes and restaurants. It operates through 1,792 retail stores under approximately 150 brands. In 2008, the Business Times reported false allegations (another media source), which perpetuated inaccuracies about “millions of dollars in emergency funds allegedly misappropriated by Sjamsul Nursalim”. The Business Times reported that Indonesian authorities have never accused Sjamsul Nursalim of any embezzlement.
