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Grizzly Bulls’ Billionaires Index

⬅ # 696 Igor Altushkin|# 698 Chung Mong-koo ➡

# 697 Chairul Tanjung 

$4.67B

Real Time Net Worth
as of 6/21/2024
$62.9M (1.35%)

# 697 Chairul Tanjung 

$4.67B

Real Time Net Worth
as of 6/21/2024
$62.9M (1.35%)
OccupationFounder, CT Corp
Source of WealthDiversified
Age62
ResidenceJakarta, Indonesia
Marital StatusMarried
Children2
EducationMedical Doctor, University of Indonesia
Age-Adjusted Net Worth$4.08B
Chairul Tanjung
Chairul Tanjung
Indonesia
Net worth: $4.67B

Self-Made Score 

Wealth History

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Biography

Overview

Chairul Tanjung was born on June 18, 1962, in Jakarta, Indonesia, to A.G. Tanjung and Halimah.
His father, A.G. Tanjung, was a reporter who established a magazine company, which was later shut down by the Suharto regime.
Chairul Tanjung graduated from Boedi Oetomo Senior High School in 1981 and earned a bachelor's degree from the Faculty of Dentistry, University of Indonesia.
During his studies, Chairul and two friends opened a shop selling books and T-shirts, later expanding into medical equipment sales.
In 1987, Chairul Tanjung founded PT CT Corp with a loan of Rp150 million from Exim Bank, initially producing children's footwear.
Chairul Tanjung served as Indonesia's Coordinating Minister for Economics, appointed in 2014 by President Susilo Bambang Yudhoyono.

Business Ventures

Early Ventures
Chairul Tanjung established CT Corp in 1987, initially focused on children's footwear production.
He acquired Bank Karman and rebranded it as Bank Mega, expanding into financial services.
CT Corp ventured into the media industry, founding Trans TV and acquiring TV 7.
In the retail sector, CT Corp acquired Carrefour's Indonesia operation and later rebranded it as Transmart.
Chairul Tanjung expanded into property development, with projects like Bandung Super Mall and Batam Indah Prospertindo.

Key Holdings
CT Corp's financial arm includes Bank Mega, Bank Sulut, Bank Sulteng, and Allo Bank, among others.
In media, CT Corp operates Trans TV, Trans7, CNN Indonesia, and CNBC Indonesia.
Retail operations include Transmart, Metro department store, and various high-end fashion and F&B brands.
Property ventures encompass Trans Studio Malls, Trans Park, and hotel chains such as Trans Luxury.
Chairul Tanjung holds stakes in Indonesia's national carrier Garuda Indonesia and is involved in palm oil plantations.

Corporate Evolution

CT Corp, originally known as Para Group, was founded by Chairul Tanjung in 1987.
On December 1, 2011, Para Group rebranded to CT Corp, consisting of three sub-holding companies: Mega Corp, Trans Corp, and CT Global Resources.
This corporate transformation marked 30 years of operation and included changes in identity and logo.

Partnerships and Relations

CT Corp maintains good relations with Anthoni Salim, collaborating on various projects in Indonesia and Singapore.
With Sinar Mas Group, CT Corp partners in ventures such as Mega Life life insurance company.
In Singapore, CT Corp acquired Asia Medic and established a joint venture called Gladifora.
In Batam, CT Corp collaborates with Arsikon on property ventures, including the development of entertainment and residential centers.

How long would it take you to become as rich as Chairul Tanjung?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Chairul Tanjung's net worth of $4.67B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Chairul Tanjung is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Chairul Tanjung, Diversified is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey