When you are already wealthy and then sell the family business for $5.2 billion, there is very little that money can’t buy. That’s what 56 year old Putera Sampoerna is discovering.
The family fortune was built on palm oil and rubber plantations in Malaysia which young Mr Sampoerna ran for 10 years after returning in 1970 from the US where he studied at the University of Houston.
Then he went to work in the family’s tobacco business which he took over from his father in 1986 and since the elder Sampoerna’s death in 1994, Putera has been trying to professionalize his empire, bringing in executives from Singapore, Taiwan, the U.S., Korea and Indonesia.
He has built up a large portfolio of businesses in food, cars, watches and he has also dabbled in telecoms.
He was listed as Indonesia’s third richest man even before last year when he sold the tobacco business to Philip Morris and has since turned his attention to online sports betting and luxury casinos, which many say are his natural habitats.
Word has it that he is set to buy the leading London casino Les Ambassadeurs for £115 million from London Clubs International and once approved by LCI shareholders, the deal could be announced within the next week or two.
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