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R. Budi Hartono

R. Budi Hartono

R. Hartono
-0.52% | - $-102.54M
$19.66 B ₹ 1.79 Lk Cr
Real Time Net Worth #126 Ranking as of 21 Feb 2026 By Forbes

More on R. Budi Hartono

Gender

Male

Age

84Y

Country

Indonesia

Born On

April, 1941

Deceased

No

Relationship Status

Married

Children

3

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Expanded Family Business)

Primary Organization

Djarum Group

Titles

CEO

Sources of Wealth

Djarum Group, Bank Central Asia

Industry

Tobacco, Banking, Investments, Diversified

About R. Budi Hartono


R obert Budi Hartono, along with his brother Michael Hartono, is the owner of the Djarum Group, a massive Indonesian conglomerate, and is consistently ranked as one of the richest individuals in Indonesia. The brothers inherited the business from their father, Oei Wie Gwan, who founded the company as a small kretek (clove cigarette) manufacturer in the 1950s. After their father's death and a devastating factory fire, the Hartono brothers took control and rebuilt the company, transforming it into one of Indonesia's largest cigarette producers.

While Djarum remains the core of their wealth, the brothers have astutely diversified their business interests. Their most significant investment is a majority stake in Bank Central Asia (BCA), Indonesia's largest private bank, which they acquired during the Asian Financial Crisis. This investment has proven to be incredibly lucrative, forming a substantial portion of their fortune. Their conglomerate also has significant holdings in telecommunications, with a major stake in the operator Sarana Menara Nusantara, as well as interests in electronics, palm oil plantations, and prime real estate in Jakarta. Budi is also a passionate bridge player and has represented Indonesia in international competitions.

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Quick Reads


  • Co-owner of the Djarum Group with his brother Michael Hartono.
  • Inherited the kretek cigarette company from his father.
  • Holds a controlling stake in Bank Central Asia (BCA), Indonesia's largest private bank.
  • Has diversified interests in telecom, electronics, and real estate.
  • An accomplished bridge player who has won medals for Indonesia.

Early Life and Background


Robert Budi Hartono (Oei Hwie Tjhong) is an Indonesian businessman, the billionaire Patriarch and Co-owner of the Djarum Group, a massive conglomerate spanning tobacco (Djarum cigarettes), banking (Bank Central Asia - BCA), and telecommunications. His wealth is generational, tied to the empire founded by his late father, Oei Wie Gwan (d. 1963), in 1951.

Hartono's career is defined by generational stewardship and executive leadership in the tobacco, finance, and industrial sectors. His structural role is tied to managing the family's assets across diverse sectors, focusing on long-term stability and financial governance (via BCA). He and his older brother, Michael Hartono, are consistently ranked as the richest people in Indonesia.

  • Djarum Group (Patriarch & Co-owner): The core private asset, a massive conglomerate spanning tobacco (Djarum), banking (Bank Central Asia - BCA), and telecommunications. He and his brother Michael Hartono control the empire.
  • Bank Central Asia (BCA) (Major Shareholder): Indonesia's largest private bank (the family holds a substantial stake).
  • Industrial Focus: His success is built on scale manufacturing of kretek (clove) cigarettes and financial services dominance.
  • Sports Focus: The family is a major patron of Badminton (through the PB Djarum club).

Career Journey of R. Budi Hartono


R. Budi Hartono's strategic leadership transformed Djarum into a global giant. He and his brother, Michael Hartono, assumed control after their father's death, successfully diversifying the company beyond tobacco. Their structural contribution is immense: orchestrating the strategic acquisition of a controlling stake in Bank Central Asia (BCA) during the Asian Financial Crisis (1997–1998), which became the largest and most valuable private bank in Indonesia.

His wealth is secured by the colossal, long-term, stable profitability of the tobacco, banking, and financial services sectors.

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R. Budi Hartono's Timeline


1963:

His father, Oei Wie Gwan, passes away; Budi and Michael assume control of Djarum (Succession).

1990s (Late):

Acquires a controlling stake in Bank Central Asia (BCA) during the Asian Financial Crisis (Strategic Acquisition/Apex).

Ongoing:

Continues as Patriarch and Co-owner, guiding the banking and industrial empire (Executive Oversight).

Major Business Ventures and Investments


R. Budi Hartono's wealth is concentrated in his family's controlling stake and executive leadership of Djarum Group and Bank Central Asia (BCA).

  • Djarum Group (Patriarch & Co-owner): The core private asset, a massive conglomerate spanning tobacco (Djarum), banking (Bank Central Asia - BCA), and telecommunications. He and his brother Michael Hartono control the empire.
  • Bank Central Asia (BCA) (Major Shareholder): Indonesia's largest private bank (the family holds a substantial stake).
  • Industrial Focus: His success is built on scale manufacturing of kretek (clove) cigarettes and financial services dominance.
  • Sports Focus: The family is a major patron of Badminton (through the PB Djarum club).

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Philanthropy and Social Impact


R. Budi Hartono's social impact is structural, stemming from Djarum Group's role as a massive employer and foundational provider of essential banking and consumer goods in Indonesia. His commitment to education and sports (supporting PB Djarum badminton club and various educational scholarships) provides a major structural contribution to national development. His wealth is a barometer of the success of the modern Indonesian economy.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


R. Budi Hartono maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits or traditional Indonesian attire. His aesthetic reflects serious authority and stability, typical of a patriarch in the Asian chaebol-like system.

Residing in Jakarta, Indonesia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, investment strategy, and industrial scale.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He and his brother Michael Hartono control the Djarum Group (tobacco, banking, telecom).
  • They acquired a controlling stake in Bank Central Asia (BCA), Indonesia's largest private bank.
  • He is consistently ranked as one of the richest people in Indonesia.
  • His family's wealth is tied to the successful diversification outside of tobacco.
  • The family is a major patron of Badminton.
  • His wealth is estimated at $25.8 billion (2024 estimate).
  • His philosophy emphasizes long-term asset hold and financial governance.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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