Michael Hartono

$17.47B

as of 03/18/26

About Michael Hartono

Michael "Bambang" Hartono and his brother R. Budi are among the richest in Indonesia. They get the bulk of their fortune from their investment in Bank Central Asia.

The Hartonos bought the 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.

Personal stats

Citizenship

Indonesia

Source of wealth

Banking, tobacco

Birth date

10/02/39

Number of children

Self-made

inherited and growing

Michael Hartono’s fortune is worth

291K

troy ounces of gold

269K

median U.S. household

175K

median U.S. income

0.349%

U.S. credit card volume

0.07%

GDP of the United States

0.051%

United States debt

Net worth history

Annual ranking

Did you know?

With his brother, he also owns popular electronics brand Polytron, prime real estate in Jakarta and a stake in gaming startup Razer.