What is Sjamsul Nursalim's Net Worth?
Sjamsul Nursalim is an Indonesian businessman who has a net worth of $950 million. Sjamsul Nursalim amassed his wealth mainly through two companies: Mitra Adiperkasa, which is licensed to sell to huge conglomerates such as Burger King, Starbucks and Zara as well as Gajah Tunggal, a tire production company. Though the two companies have experienced periods of being only moderately successful and their shares have taken a downturn at times, Sjamsul Nursalim has remained on the Indonesia's richest list. He also holds stakes in enterprises such as Polychem Indonesia and KMI Wire, as well as Tuan Sing Holdings. The bulk of his wealth seems to have come from Gajah Tunggal (a name meaning supreme elephant), although at last count Mitra Adiperkasa was engaged in the retail trading of clothing, shoes, toys and accessories, bags and sports equipment in Indonesia.
The company primarily operates sports equipment, fashion, food and beverage, and lifestyle stores as well as department stores and supermarkets. The also operate several cafes and restaurants. It operates through 1,792 retail stores under approximately 150 brands. In the year 2008, The Business Times reported that false accusations were printed (by another media source), which perpetuated inaccuracies regarding 'millions of dollars in emergency funds allegedly embezzled by Sjamsul Nursalim.' The Business Times instead reported that Sjamsul Nursalim was never charged by the Indonesian authorities of any misappropriation.
