Brothers R. Budi Hartono and Michael Hartono (pictured) get a chunk of their fortune from their investment in Bank Central Asia.
The Hartonos bought a stake in BCA after another wealthy family, the Salims, lost control of the bank during the 1997-1998 Asian economic crisis.
The roots of the family fortune stem from kretek cigarette maker Djarum, started by their father and now run by Budi's son Victor.
Family holdings include prime real estate in Jakarta and popular electronics brand Polytron, which forayed into the EV business on its home turf in May 2025, with the launch of two electric car models.
The brothers listed Global Digital Niaga, the parent of e-commerce giant Blibli, raising 8 trillion rupiah ($510 million) in what was Indonesia's second largest IPO of 2022.
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An investment portfolio stacked with winners returned media mogul Eddy Kusnadi Sariaatmadja to the ranks of Indonesia’s richest after a two-year gap with a net worth of $1.8 billion, shared with his family.
An investment portfolio stacked with winners returned media mogul Eddy Kusnadi Sariaatmadja to the ranks of Indonesia’s richest after a two-year gap with a net worth of $1.8 billion, shared with his family.
Tycoon Putera Sampoerna, who sold his family’s clove cigarette business to U.S. tobacco giant Philip Morris for $2 billion in 2005, has offloaded another substantial asset recently.