Chairul Tanjung
Photo: Coordinating Ministry for Economic Affairs (Indonesia), Public domain, via Wikimedia Commons17

Chairul Tanjung

Indonesian businessman and bureaucrat

Chairul Tanjung (born 18 June 1962) is an Indonesian businessman. He was the former Coordinating Minister for Economics in the Indonesian cabinet.2

From Wikipedia’s article on Chairul Tanjung (this version), CC BY-SA 4.0.

Born Jun 18, 1962.1

Net worth $3.3B (as of 2020, per forbes.com).18 Richest people

About

He was appointed to this post by President Susilo Bambang Yudhoyono on 19 May 2014 following the resignation of the previous Coordinating Minister for Economics, Hatta Rajasa, who resigned to take part in Indonesia's 2014 presidential election. In 2024, he had an estimated net worth of $5.2 billion.

From Wikipedia’s article on Chairul Tanjung, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • 1981 to 1987University of Indonesia3

Chairul Tanjung was born in Jakarta to A. G. Tanjung and Halimah. His father, a reporter, had established a magazine company, which was shut down by the Suharto regime, resulting in A.G. Tanjung having to sell the family's large house and cars to cover debt, and the family moved into a small apartment. Chairul graduated from Boedi Oetomo Senior High School in 1981. He obtained a bachelor's degree at the Faculty of Dentistry, University of Indonesia. He was named a "national noble student" in 1984 and 1985. While studying, he and his two friends opened a shop that originally sold books and T-shirts, and expanded to sell medical equipment. In his spare time, Chairul conducted business until graduating from dentistry school, and establishing PT CT Corp with a loan of Rp 150 million from Exim Bank. They produced children's footwear and received an order from Italy for 160 pairs of shoes, but a month later, Chairul split from his two friends because a disagreement over the business. He later became the chairman and founder of CT Corp.

From Wikipedia’s article on Chairul Tanjung (this version), CC BY-SA 4.0.

Career

Occupation: entrepreneur, socialite.8

  • Date not recordedFounded CT Corpora4
  • Date not recordedFounded Trans TV5
  • Date not recordedFounded Trans Media6
  • Date not recordedChair, Persatuan Bulutangkis Seluruh Indonesia7

He worked with Hasbi Hafani to establish the business. He bought Bank Karman and changed its name to Bank Mega. He expanded his business interests into insurance and securities. Chairul is now involved in the television business; he founded Trans TV and acquired TV 7 from the Kompas-Gramedia Group. Chairul owns property projects such as Bandung Super Mall, Batam Indah Prospertindo, Para Bali Propertindo, and Mega Indah Propertindo. In 2012, he bought a minority share of Garuda Indonesia. His holding company is CT Corp., formerly Para Group, with 3 sub-holdings:

Mega Corp which oversees Financial Services in 3 main operations:

Financial Services: Bank Mega, Bank Sulut, Bank Sulteng, Allo Bank

Insurance: Mega Jiwa, Mega Insurance, PFI Mega Life (partners with Pramerica (Prudential Financial))

Financing: Mega Auto Finance, Mega Central Finance

Trans Corp which oversees 2 main operations:

Media, which operates television channels of Trans TV, Trans7, CNN Indonesia, CNBC Indonesia, digital media Detik.com, Insertlive.com, Haibunda.com, Female Daily, and Direct broadcast satellite of Transvision.

Retail, which operates Transmart (acquired from Carrefour's Indonesia operation) and Metro department store

Fashion: operates specialty stores of Aigner Munich, Hugo Boss, Canali, Find Kapoor, Furla, Geox, Bimba Y Lola, and previously operated Mango, Hugo Boss, Versace, Armani, Furla, Etienne Aigner, Tod's, Tommy Hilfiger, Valentino, Brioni, Jimmy Choo.

F&B: such as The Coffee Bean & Tea Leaf, Wendy's, Baskin-Robbins

Property, which includes Trans Studio Malls, Trans Park, and hotel chains of Trans Luxury, and licensed hotel chains from Ibis, and FashionTV.

Other Investments, include:

Plantations: which oversees palm oil plantations operations, such as: CT Plantations, CT Agro, CT Global Resources

Transportations: with the investment in Garuda Indonesia, Indonesia's flag-carrier (and its low-cost carrier subsidiary, Citilink)

From Wikipedia’s article on Chairul Tanjung (this version), CC BY-SA 4.0.

Personal life

  • BornJun 18, 1962, Jakarta9
  • CitizenshipIndonesia10 11
  • SpouseAnita Ratnasari Tanjung12

Awards

  • 2021Asia's Most Influential Indonesia13 14