Aburizal Bakrie
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| Aburizal Bakrie | |
|---|---|
 | |
| Born | 15 November 1946 Jakarta, Indonesia |
| Nationality | Indonesian |
| Occupation | Chairman of Bakrie & Brothers |
| Net worth | ▲US$2.5 billion (2009)[1] |
| Title | Golkar Party Chairman |
| Term | 2009–present |
| Predecessor | Jusuf Kalla |
| Political party | Golongan Karya |
| Religion | Islam |
| Spouse | Tatty Murnitriati |
| Children | Anindya Noverdian Bakrie Anindhita Anestya Bakrie Anindra Ardiansyah Bakrie |
Contents[hide] |
[edit] Family business
Bakrie was born in Jakarta on November 15, 1946. He attended the Bandung Institute of Technology where he obtained a degree in electrical engineering in 1973. In 1972 he joined PT Bakrie & Brothers Tbk - the conglomerate founded by his father Ahmad Bakri - which had prospered during the Soeharto regime.[2] The Bakrie Group conducts business in agriculture, real estate, trade, shipping, banking, insurance, media, manufacturing, construction, and mining. Aburizal Bakrie, the eldest of four siblings, was the chairman of the family enterprise from 1999 to 2004. The Bakrie conglomerate went into deep debt after the 1998 Asian economic crisis and survived only after a refinancing process in 2000.[3] The refinancing allowed the Bakrie family to maintain control over the conglomerate.[edit] Public offices
In 2004 Bakrie was named Chief Economic Minister of Indonesia.[4] This appointment by a president who planned to fight corruption was viewed with some reservation.[5] Subsequently Aburizal Bakrie has been blamed for poor economic development and business nepotism. [6] After a reshuffling of the cabinet in 2005, he became the Coordinating Minister for People's Welfare.Previous positions included the presidency of the ASEAN Business Forum for two consecutive terms from 1991 to 1995, and the chairmanship of the Indonesian Chamber of Commerce and Industry (Kadin) for two consecutive terms from 1994 to 2004.[4] As a member of the Golkar party Bakrie competed unsuccessfully to become Golkar's candidate for the presidency in 2004; eventually General Wiranto became the party's candidate.[7]
He was elected as the chairman of Golkar party at 2009 Golkar Party Congress at Pekanbaru, Riau, Indonesia after defeating Surya Paloh, Yuddy Chrisnandi and Hutomo Mandala Putra. In May of 2010, he successfully formed and was elected the leader of a majority parliamentary coalition with President Susilo Bambang Yudhoyono's party. Around the same time, Minister of Finance Sri Mulyani Indrawati resigned to accept an offer to become a Managing Director of the World Bank in Washington, DC. This happened after a year-long political campaign led by Mr. Bakrie's party to oust her and the Vice President Budiono for alleged improprieties in the bailout of the Century Bank during the 2008 worldwide financial crisis. In her public lecture at her almamater the University of Indonesia after her resignation, Sri Mulyani spoke bluntly of the pressure to influence her decisions as Minister of Finance, by political creatures who are "same-sex married". In the same time period, there had been an ongoing investigation against Mr. Bakrie's company for tax evasion.
[edit] Sidoarjo mud flow
Main article: Sidoarjo mud flow
In May 2006, a drilling hole at Porong, Sidoarjo that was conducted without protective casings by PT Lapindo Brantas, a mining company of the Bakrie conglomerate, started a continuous release of hot mud, a possible mud volcano, that made people homeless and threatens the local economy in East Java. While not officially running the family business since joining the cabinet, Bakrie received protests by environmentalists in view of the damage done by the company of his family.[8] The proposed sale of Lapindo Brantas for $2 to an off-shore company in September 2006 was seen as an attempt to reduce financial exposure for the Bakrie family.[9] President Susilo Bambang Yudhoyono urged Lapindo to pay Rp 2.5 trillion (about USD 250 million) to over 10,000 residents who had been dislocated by the mud flow.[10] As of June 2009, the residents had received less than 20% of the suggested compensation.[edit] See also
[edit] References
- ^ Indonesia's 40 Richest. Forbes.com. Accessed April 2010.
- ^ Mark Forbes (2006-06-23). "Mud flung at minister in wake of Java disaster". http://www.smh.com.au/news/world/mud-flung-at-minister-in-wake-of-java-disaster/2006/06/22/1150845316233.html.
- ^ "Bakrie's Restructuring of Debts Completed". IBonWeb.com. 11/30/200. http://articles.ibonweb.com/webarticle.asp?num=525.
- ^ a b CACCI Profile, 2004. "Mr. Aburizal Bakrie now economic minister of Indonesia". http://www.cacci.org.tw/CACCI%20Profile/2004%20Nov/Bakrie.pdf. Retrieved 2006-10-15.
- ^ BBC News (2004-10-20). "Indonesian leader sets out goals". http://news.bbc.co.uk/1/hi/world/asia-pacific/3756870.stm.
- ^ Yosef Ardi (11/05/2005). "Aburizal Bakri:No more waltz?". http://yosef-ardi.blogspot.com/2005/11/aburizal-bakrie-no-more-waltz.html.
- ^ Golkar
- ^ "Minister Aburizal Bakrie denounces Greenpeace's anarchic rally". Antara news. 2006-10-13. http://www.antara.co.id/en/seenws/?id=20815. Retrieved 2006-10-15.
- ^ Bonner R and Suhartono M (2006-10-05). "Seeking gas, Indonesioans face geysers of mud". International Herald Tribune. http://www.iht.com/articles/2006/10/06/asia/web.1006mud.php. Retrieved 2006-10-16.
- ^ "Mud disaster team readies new transportation corridor". 2007-01-13. http://www.corfina.com/financial_news/2007/20070113.html. Retrieved 2007-03-16.
- http://en.wikipedia.org/wiki/Aburizal_Bakrie
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