R. Budi Hartono
Banking, tobacco · Kudus
Net worth
$12.8B
Today
+$49M+0.38%Past month
−$2.2B−14.84%As of Nov 11, 2026, 1:50 PM EST
R. Budi Hartono and the heirs of his late brother Michael get the bulk 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 family first got rich in tobacco and is still one of the biggest clove cigarette makers in the nation. In what was Indonesia's second-largest IPO of 2022, the brothers listed Global Digital Niaga, which owns e-commerce giant Blibli, raising $510 million. Family holdings also include prime real estate in Jakarta and popular electronics brand Polytron, which forayed into the EV business on its home turf in 2025 with the launch of two electric car models.
Net worth over time
Principal holdings
5 positions| Company | Industry | Share | Value |
|---|---|---|---|
Bank Central Asia INDONESIA: BBCA-ID | Finance & Investments | 82.7% | $10.6B |
Private and other holdings | Finance & Investments | 8.5% | $1.1B |
Global Digital Niaga INDONESIA: BELI-ID | Finance & Investments | 5.3% | $682M |
Sarana Menara Nusantara INDONESIA: TOWR-ID | Finance & Investments | 3.3% | $427M |
Surya Semesta Internusa INDONESIA: SSIA-ID | Finance & Investments | 0.1% | $14M |
Also known for
- Their late father, Oei Wie Gwan, acquired a bankrupt cigarette company in 1950, and later renamed it Djarum after the needle of a gramophone.
- With his brother, he also owns popular electronics brand Polytron, prime real estate in Jakarta and a stake in gaming startup Razer.