- Mochtar Riady
This is a Chinese Indonesian name; the family name is (李) Riady.
Mochtar Riady Traditional Chinese 李文正 Simplified Chinese 李文正 Hanyu Pinyin Li Wénzhèng Transcriptions Mandarin - Hanyu Pinyin Li Wénzhèng
Mochtar Riady (Chinese: 李文正) is an ethnic Chinese financial magnate in Southeast Asia. He is the founder and CEO of Lippo Group. He is also the chairman of the Asian Bankers Association. Born on 12 May 1929, in Malang, East Java, Mochtar is known to have a cold hand at transforming the fortunes of financial institutions. He was recruited by another magnate, Lim Sioe Liong, in 1975 to replicate his achievement in developing Panin Bank to be Indonesia's largest private bank in Lim's Bank Central Asia (BCA). At the time of his appointment at BCA, the bank's asset was Rp 12.8 billion. By the time he left BCA in 1990, it was already a juggernaut institution with assets valued at more than Rp 5 trillion.
Convinced that he had what he need to walk his own road, he formed Lippo Group. Over the years, the group diversified in financial services (banking, investment, securities, insurance, asset management and mutual fund), property (satellite cities, housing, condominium, shopping malls, office buildings, and industrial sites), and infrastructure (power plants, gas production, roads, sanitation, and communication), which is largely handled by Lippo Group Hong Kong office, controlled by his son Stephen Riady.
In one of his pet projects, Lippo Karawaci, where he also reside along with son James Riady, he built Gleneagles Hospital from Singapore, Sekolah Pelita Harapan, and Supermal along with world class facilities.
In 1996, Lippo Group acquired 50% of retailer Matahari owned by Hari Darmawan.
Mr. Riady also hold a central position as Senior Advisor to Ma Chung University.
He has made substantial donations to the DNC.
According to CNN, "President Clinton met twice with Riady at the White House, and belatedly acknowledged receiving a detailed letter from him that pressed Clinton to establish formal relations with Vietnam and to renew most-favored-nation trading status with China, among other issues."
His son, James Riady, is the chairman for Indonesia's operations, and his son Stephen Riady is the chairman for Asia's operations.
- ^ a b Suryadinata 1995, p. 136
- ^ "The Democratic Fund-Raising Flap - Cast of Characters". cnn.com. http://edition.cnn.com/ALLPOLITICS/1997/gen/resources/infocus/fundraising.flap/characters.html. Retrieved 16 December 2010.
- Suryadinata, Leo (1995), Prominent Indonesian Chinese: Biographical Sketches (3rd ed.), Singapore: Institute of Southeast Asian Studies, ISBN 978-981-3055-04-9.
Wikimedia Foundation. 2010.
Look at other dictionaries:
James Riady — is the deputy chairman of the Lippo Group, a major Indonesian conglomerate. He is the son of Mochtar Riady, founder of the group. The group has recently signed an agreement with Khazanah of Malaysia to relinquish its majority stake in Lippo Bank … Wikipedia
NUS Business School — Established in 1965, National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian… … Wikipedia
1996 United States campaign finance controversy — The 1996 United States campaign finance controversy, also known as Chinagate, was an alleged effort by the People s Republic of China to influence domestic American politics during the 1996 federal elections. The issue first received public… … Wikipedia
List of Chinese Indonesians — This is the list of famous Chinese Indonesians: Contents 1 Academia 2 Activist 3 Arts 4 Authors 5 Bu … Wikipedia
Lippo Banking Group — is Indonesia s 9th largest lender. It is controlled by ethnic Chinese Mochtar Riady together with the Lippo Group. Indonesia sold the stake in Bank Lippo as part of asset disposals aimed at cutting the government s budget deficit and recouping… … Wikipedia
Chinese Indonesians — For notable Indonesian people of Chinese descent, see List of Chinese Indonesians. Chinese Indonesians Chinese Indonesians pray at a temple in Glodok, Jakar … Wikipedia
Lippo Group — The Lippo Group (力宝集团) is a major Indonesian conglomerate founded by Mochtar Riady. The Lippo Group began with Bank Lippo, later using this as a platform for regional property development projects. These projects, throughout Indonesia and China,… … Wikipedia
Bert Lance — 23rd Director of the Office of Management and Budget In office January 24, 1977 – September 24, 1977 President Jimmy Carter Preceded by James Thomas Lynn Succeeded by … Wikipedia
Lippo Karawaci — Infobox Company company name = Lippo Karawaci, Tbk. company type = Property/Public (JSX : LPKR) foundation = Mochtar Riady (1990) location = flagicon|Indonesia Tangerang, Indonesia key people = flagicon|Indonesia Gouw Vi Ven, CEO revenue = profit … Wikipedia
Jackson T. Stephens — (b. August 9, 1923, d. July 23, 2005) [ [http://www.nytimes.com/2005/07/28/business/28stephens.html? r=1 oref=slogin Jackson T. Stephens, 81, Financier, Dies] , Associated Press, July 28 2005] was the founder of Little Rock, Arkansas based… … Wikipedia