Billionaire Profile
R. Budi Hartono
Global Rank
#167

Image: Tokoh Indonesia | Attribution | via Wikimedia Commons

R. Budi Hartono

CEO, Banking
INDONESIA
Real-Time Net Worth
$17.33B
Estimated based on Banking stock value as of April 21, 2026
+0.4% (24h)
Age
85
Source
Banking, tobacco
Industry
finance-investments
Citizenship
INDONESIA

Biography

R. Budi Hartono, born Oei Hwie Tjhong, is an Indonesian billionaire with an estimated net worth of $19.3 billion as of 2024. His primary wealth sources are banking and tobacco. Hartono, along with his brother Michael, inherited and transformed the family's modest clove cigarette company, Djarum, into a global tobacco powerhouse. Beyond tobacco, he diversified the family's business interests, including significant holdings in Bank Central Asia (BCA), and investments in electronics and real estate. He is known for maintaining a low public profile and focusing on business operations and philanthropic activities.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Robert Budi Hartono, born Oei Hwie Tjhong on April 28, 1941, in Semarang, Central Java, Indonesia, is a prominent Indonesian businessman and philanthropist. He is the second son of Oei Wie Gwan and Goei Tjo Nio, part of a Chinese-Indonesian family. His father, Oei Wie Gwan, acquired a small clove cigarette (kretek) factory in 1951 and renamed it Djarum.

Rise to Success

Hartono inherited the family business, Djarum, a small clove cigarette company, after the passing of his father in the early 1960s. Following a catastrophic fire in 1963, Hartono and his brother, Michael, rebuilt and modernized the company. Under their leadership, Djarum was revitalized, modernizing its operations and expanding its product line. By the 1970s, Djarum began exporting internationally, introducing machine-produced brands like Djarum Filter in 1975 and Djarum Super in 1981, propelling the company to become a major player in the global market.

Key Business Strategies

Hartono diversified the family's business interests. In the late 1990s, the Hartono brothers acquired a significant stake in Bank Central Asia (BCA), one of Indonesia's largest private banks, further solidifying their financial standing. They also ventured into the electronics sector with the establishment of Polytron, a leading Indonesian electronics brand, and invested in real estate, owning prime properties in Jakarta.

Philanthropy

Robert Budi Hartono is known for his philanthropic activities and support for education and healthcare initiatives in Indonesia. He has established several foundations and donated significant funds to various charitable causes. The Djarum Foundation supports the arts, education, and environmental initiatives and has planted one million trees.

Career Milestones

1941

Born

Born in Semarang, Central Java, Dutch East Indies.

1963

Inherited Djarum

Inherited Djarum cigarette company from his father.

1972

Djarum Exports

Djarum began exporting its products abroad.

1990s

Acquired Stake in BCA

Acquired a significant stake in Bank Central Asia.

2000s

Expanded into Electronics and Real Estate

Established Polytron and invested in real estate.

Philanthropy & Social Impact

Education, Environment

Djarum Foundation

Undisclosed

Supports arts, education, and environmental initiatives, including planting trees.