Billionaire Profile
R. Budi Hartono
Global Rank
#116

Image: Public domain | via Wikimedia Commons

R. Budi Hartono

CEO, Djarum
ID
Real-Time Net Worth
$21.2B
As of December 2025
Age
84
Source
Banking, tobacco
Industry
finance-investments
Citizenship
ID

Biography

R. Budi Hartono, born in 1941, is an Indonesian businessman renowned for his significant wealth derived from banking and tobacco. As of December 2024, his net worth is estimated at $21.2 billion, ranking him among the world's wealthiest individuals. He is best known for co-owning Djarum, a leading clove cigarette manufacturer, and holding a substantial stake in Bank Central Asia (BCA). His career began after inheriting Djarum, transforming it into a global enterprise. Hartono is also recognized for his philanthropic endeavors, supporting various educational and healthcare initiatives in Indonesia.

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 of Chinese descent. He is the second child of Oei Wie Gwan and Goei Tjo Nio. His early life was rooted in the entrepreneurial spirit of his father, who later founded the Djarum clove cigarette company.

Rise to Success

Hartono's career began in 1963 when he inherited Djarum at the age of 22. Along with his brother, Michael Bambang Hartono, he transformed Djarum from a small business into a leading cigarette company. After a factory fire in 1963, the Hartono brothers rebuilt and modernized Djarum, expanding its operations. In 1972, Djarum began exporting its products internationally, and introduced popular brands like Djarum Filter (1975) and Djarum Super (1981). Beyond tobacco, the Hartono brothers diversified their business interests. They acquired a significant stake in Bank Central Asia (BCA) during the 1997-1998 Asian financial crisis.

Key Business Strategies

Hartono's key strategies included expanding Djarum's market reach through exports and brand diversification, as well as making strategic investments in the banking sector with Bank Central Asia. They also ventured into the electronics sector with Polytron and invested in real estate, demonstrating a commitment to diversify the family's wealth.

Philanthropy

Hartono is known for his philanthropic activities through the Djarum Foundation, supporting arts, education, environmental, and social initiatives. The Djarum Foundation sponsors badminton tournaments and has planted trees across Indonesia.

Career Milestones

1941

Born

Robert Budi Hartono was born in Semarang, Central Java, Dutch East Indies (now Indonesia).

1963

Inherited Djarum

Robert Budi Hartono inherited Djarum, a leading cigarette company, from his father.

1972

Djarum Exports

Djarum began exporting its products abroad.

1975

Djarum Filter Introduced

Djarum Filter was introduced.

1981

Djarum Super Introduced

Djarum Super was introduced.

1997-1998

Acquired Stake in BCA

Hartono brothers bought a stake in Bank Central Asia (BCA).

2022

Global Digital Niaga IPO

Listed Global Digital Niaga, raising $510 million.

Philanthropy & Social Impact

Education, Environment, Sports

Djarum Foundation

N/A

Supports arts, education, environmental, and social initiatives.