Michael Hartono
$23.5B
as of 07/05/24
About Michael Hartono
Michael "Bambang" Hartono and his brother R. Budi are among the richest in Indonesia.
The brothers 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.
Personal stats
Citizenship
IndonesiaSource of wealth
Banking, tobaccoResidence
Kudus, IndonesiaMarital status
MarriedBirth date
10/02/39 (age 84)Number of children
4Self-made
inherited and growingMichael Hartono’s fortune is worth
392K
troy ounces of gold
362K
median U.S. household
235K
median U.S. income
0.47%
U.S. credit card volume
0.094%
GDP of the United States
0.069%
United States debt
Net worth history
Annual ranking
Did you know?
Their late father, Oei Wie Gwan, acquired a bankrupt cigarette company in 1950, and later renamed it Djarum after the needle of a gramophone.
Net worth over time
Real-time ranking
Financial assets
INDONESIA | BBCA-ID
Bank Central AsiaINDONESIA | BELI-ID
Global Digital NiagaHONG KONG | 1337-HK
Razer IncINDONESIA | TOWR-ID
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