Robert Budi Hartono
Born (1941-04-28) 28 April 1941 (age 82)
Semarang, Central Java, Dutch East Indies
Other namesOei Hwie Tjhong
CitizenshipIndonesian
Alma materDiponegoro University
Known forOwner of Djarum and BCA
Founder of Polytron Electronics [id]
SpouseGiok Hartono
Children3
ParentOei Wie Gwan & Goei Tjoe Nio
RelativesMichael Bambang Hartono (brother)
Chinese name
Traditional Chinese黃惠忠
Simplified Chinese黄惠忠
Hanyu PinyinHuáng Huì Zhōng
Hokkien POJÛiⁿ Huī Tiong

Robert Budi Hartono (born 28 April 1941) is an Indonesian tobacco billionaire with a net worth of US$25.3 billion as of September 2023.[1] 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 Sudono Salim. According to Forbes, he is the second richest Indonesian and the 61st richest person in the world.[2]

Career

Starting from scratch Mr. Oei Wie Gwan bought a small business in the field named Djarum clove gramophone. In 1951, he 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 companies today, Djarum. Djarum was previously a small business called Djarum gramophone 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.[3]

In September 2019 billionaires' personal information, Budi Hartono and his brother Michael Hartono were reported by Forbes magazine as the richest men in Indonesia in 2019 with a combined wealth of $35 billion.[1][4] Budi Hartono was listed by Forbes as being worth $18.6 billion,[1] while in 2012 was $6.5 billion.[5]

Personal life

Early life

Robert Budi Hartono was born in 1941 (as Oei Hwie Tjhong) in the city of Semarang, Central Java, Dutch East Indies.[6] and was the 2nd child of Oei Wie Gwan and Goei Tjo Nio. His brother, Michael Bambang Hartono was born in 1939.[7]

Present life

He is married with three children and lives in Kudus, Indonesia.[1]

References

  1. ^ a b c d "R. Budi Hartono". Forbes. Retrieved 13 September 2023.
  2. ^ "Forbes Billionaires 2023: The Richest People In The World". Forbes. Retrieved 2023-08-06.
  3. ^ Bastian, Radis. Resep Tajir 22 Konglomerat Indonesia. Jakarta. ISBN 9786023910250.
  4. ^ "Michael Hartono". Forbes. Retrieved 10 January 2018.
  5. ^ Bagus BT Saragih, 'Bakrie out of rich men's club', The Jakarta Post, 30 November 2012.
  6. ^ Sato, Yuri (1994). "The Development of Business Groups in Indonesia: 1967-1989". In Shiraishi, Takashi (ed.). Approaching Suharto's Indonesia from the Margins. Ithaca, NY: Cornell University Press. pp. 101–153. ISBN 9780877274032.
  7. ^ Parvadiya, Avan (2023-07-18). "Budi Hartono Early Life, Net Worth, Family & Biography". Billionaire Index. Retrieved 2023-08-05.
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