Robert Budi Hartono

Robert Budi Hartono (traditional Chinese: 黃惠忠; simplified Chinese: 黄惠忠; pinyin: Huáng Huìzhōng; Hokkien: Oei Hwie Tjhong;[1] born in 1940) is a Chinese Indonesian tobacco billionaire with a 2018 net worth of US$12.6 billion.[2] 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 Liem Sioe Liong. In 2020, according to American business magazine, Forbes, Budi Hartono's net worth reportedly reached US$13.6 billion and he was noted as the richest Indonesian and 80th richest person in the world.[3]

In this Chinese Indonesian name, the family name is Hartono.
Robert Budi Hartono
黃惠忠[1]
Born (1940-04-28) April 28, 1940
Semarang, Central Java
CitizenshipIndonesian
Alma materDiponegoro University
OccupationOwner, Djarum
Net worthUS$19.8 billion (December 2020)[2]
Spouse(s)Giok Hartono
Children3
Parent(s)Oei Wie Gwan & Goei Tjoe Nio
RelativesMichael Bambang Hartono (brother)
Robert Budi Hartono
(Chinese Indonesian name)
Traditional Chinese黃惠忠
Simplified Chinese黄惠忠
Hanyu PinyinHuáng Huìzhōng

Career

Starting from Mr. Oei Wie Gwan bought a small business in the field named Djarum clove gramophon. In 1951 it 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 company today, Djarum. Djarum was previously a small business called Djarum gramophon 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.

In a 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 $US 35 billion.[2][4] Budi Hartono was listed by Forbes as being worth $US 18.6 billion,[2] while in 2012 was $US 6.5 billion.[5]

Personal life

He is married with three children and lives in Kudus, Indonesia.[2]

References
  1. 黄惠忠/R. Budi Hartono Forbes
  2. "R. Budi Hartono". Forbes. Retrieved 9 December 2020.
  3. https://www.forbes.com/profile/r-budi-hartono/?list=rtb#2f5fe425e17b Retrieved July 27, 2020 Monday
  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.
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