R. Budi Hartono’s profile picture

R. Budi Hartono

R. Budi Hartono’s profile picture
Net worth 2018: $16.57 Billion
Industry: Finance
Residence: Kudus, Indonesia
Country: Indonesia
BirthDay: 1940
Children: 3
BIOGRAPHY

R. Budi Hartono was bornon 1940 in Kudus, Indonesia, Indonesia. R. Budi Hartono is #72 in List Billionaires People In The World. R. Budi Hartono and his brother, Michael (whose fortune is listed separately), are the richest people in Indonesia thanks to a fortune that goes back to their father, Oei Wie Gwan, who in 1950 acquired a bankrupt Indonesian cigarette company, later renaming it Djarum. Today it is one of the biggest cigarette-makers in the nation, specializing in kreteks, a blend of cloves, tobacco and other ingredients. Budi's son, Victor, serves as Djarum's chief operating officer. Budi also has a big stake in publicly-traded Bank Central Asia.

NET WORTH STATISTIC
2009

$1.7 Billion

2010

$3.5 Billion

2011

$5 Billion

2012

$6.5 Billion

2013

$8.5 Billion

2014

$7.6 Billion

2015

$9 Billion

2016

$8.1 Billion

2017

$9 Billion

2018

$16.57 Billion

TIMELINE
Robert Budi Hartono (traditional Chinese: 黃惠忠; simplified Chinese: 黄惠忠; pinyin: Huáng Huìzhōng; Hokkien: Oei Hwie Tjong; born in 1940) is a Chinese Indonesian tobacco billionaire with a 2018 net worth of US$12.6 billion. He owns and runs the privately held Djarum, the world's third largest maker of clove cigarettes. Djarum has reportedly recently grabbed shares from the number two cigarette firm, Sampoerna. Budi Hartono also has a stake with his brother, Michael Bambang Hartono in one of Indonesia's biggest banks, Bank Central Asia, formerly controlled by billionaire Liem Sioe Liong. In 2009, Budi Hartono's net worth reportedly reached US$4.7 billion and he was nominated as the richest Indonesian while Liem Sioe Liong was in 3rd place.Starting from Mr. Oei Wie Gwan bought a small business in the field named Djarum clove gramophon. In 1951 it changed its name to Djarum. Oei began marketing cigarettes under the brand "Djarum" which turned out to be successful in the market. After a fire nearly gutted the company in 1963 (Oei died shortly afterward), Djarum back up and modernize their equipment in the factory. In 1972 Djarum began to export their product abroad. Three years later the brand Djarum Djarum Filter was introduced, the first brand to be produced by machines, followed by the brand Djarum Super, introduced in 1981.Together with his brother, Michael Hartono, at the age of 22 Robert inherited one of the leading cigarette company today, Djarum. Djarum was previously a small business called Djarum gramophon which was later purchased by his father, Oei Wie Gwan, in 1951 and changed its name to Djarum. Robert and his brother inherited Djarum after his father died. At that time, Djarum's factory burned down and suffered an unstable condition. But in the hands of the two Hartono brothers, Djarum could grow into giants.In a January 2018 billionaires' personal information, Budi Hartono and his brother Michael Hartono were reported by Forbes magazine as the richest men in Indonesia in 2018 with a combined wealth of $US 25 billion. Budi Hartono was listed by Forbes as being worth $US 12.6 billion, while in 2012 was $US 6.5 billion.He is married with three children and lives in Kudus, Indonesia.
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