Welcome to WorldOfCEOs, where we dive deep into the financial world of notable figures. Today, we explore R. Budi Hartono net worth in 2024 and the key elements that contribute to his wealth.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Robert Budi Hartono |
| Popular Name | Budi Hartono |
| Gender | Male |
| Birth Date | April 28, 1941 |
| Age | 83 years |
| Parents | Oei Wie Gwan, Goei Tjo Nio |
| Siblings | Michael Bambang Hartono |
| Birthplace | Semarang, Indonesia |
| Nationality | Indonesian |
| Ethnicity | Asian |
| Education | N/A |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Widowati Hartono |
| Children | Three (Armand Wahyudi Hartono, Victor Hartono, Martin Hartono) |
| Dating | N/A |
| Net Worth | $23.5 billion |
| Source of Wealth | Banking, Tobacco |
| Height | N/A |
What is the Net Worth of R. Budi Hartono in 2024?
As of June 2024, R. Budi Hartono’s net worth is estimated at $23.5 billion. This places him among the wealthiest individuals in Indonesia.
In comparison, notable figures include Jeff Yass with $27.6 billion and Masayoshi Son at $32.3 billion.
Despite fluctuations in the market and various economic factors, Hartono’s diversified investments, particularly in Bank Central Asia and Djarum Group, continue to secure his high financial standing.
What is the Salary/Income of R. Budi Hartono in 2024?
While specific details about Hartono’s salary or income in 2024 are not publicly disclosed, his substantial wealth primarily stems from his ownership stakes in Bank Central Asia and Djarum Group. These investments generate significant returns, contributing to his overall financial success.
R. Budi Hartono Finance Overview
Early Career
R. Budi Hartono has built his fortune through strategic investments and diversification.
Starting with Djarum, a leading clove cigarette manufacturer, the Hartono family capitalized on the tobacco industry. This venture laid the foundation for their wealth, enabling them to invest in other lucrative sectors.
Djarum: The Tobacco Empire
The Djarum Group, co-owned by Budi and his brother Michael, is one of the largest clove cigarette manufacturers globally. The company started as a small business in 1951 and grew into a tobacco giant under their leadership.
The introduction of Djarum Filter in 1975 and Djarum Super in 1981 marked significant milestones, driving revenue and market share.
Bank Central Asia: A Strategic Investment
A pivotal moment came during the Asian financial crisis in 1997-1998. The Hartonos acquired a significant stake in Bank Central Asia (BCA), which was previously controlled by the Salim family. This move not only diversified their portfolio but also positioned them in the financial sector.
Today, BCA is one of Indonesia’s largest banks, contributing substantially to their wealth.
Expansion into E-Commerce
In recent years, the Hartonos expanded into the digital economy with their investment in Global Digital Niaga, the parent company of e-commerce giant Blibli.
The 2022 IPO of Global Digital Niaga raised $510 million, further enhancing their financial portfolio. This move into the tech sector highlights their ability to adapt and seize new opportunities.
Long-Term Financial Strategy
The Hartono brothers’ success can be attributed to their strategic vision and adaptability. By investing in diverse sectors, from traditional industries like tobacco to modern e-commerce platforms, they have ensured long-term financial stability.
Their ability to navigate economic challenges, such as the Asian financial crisis, demonstrates their resilience and foresight.
Family and Joint Ventures
Budi’s financial endeavors are closely tied to his brother Michael. Together, they manage and grow their business empire, leveraging their combined expertise.
Their collaboration in ventures like BCA and Djarum underscores the strength of their partnership and family dynamics.
Philanthropy and Personal Life
Beyond business, Hartono is known for his philanthropic efforts. He actively contributes to community development and social initiatives, reflecting his commitment to giving back.
His personal life, marked by privacy and dedication to family, also influences his business decisions.
Social Media Accounts
- Instagram: N/A
- Facebook: N/A
FAQs about R. Budi Hartono
Who is R. Budi Hartono?
He is an Indonesian billionaire. He owns the Djarum Group, a large tobacco company.
What are R. Budi Hartono’s main business interests?
His main business interests include tobacco, banking, property development, telecommunications, and manufacturing.
How did Hartono become wealthy?
He inherited the Djarum tobacco company from his father. He expanded it and diversified into other sectors.
What is the Djarum Group?
The Djarum Group is the world’s third-largest maker of clove cigarettes. The company has grown significantly under his leadership.
What other major investments does he have?
Budi Hartono holds a significant stake in Bank Central Asia (BCA), a leading Indonesian bank.
What awards has Hartono received?
He has received many awards, including the Global Leadership Award and the Forbes Lifetime Achievement Award.
What philanthropic activities is he involved in?
Budi Hartono is known for his efforts in education and healthcare. He has established foundations and donated to various causes.
What is known about his personal life?
Budi Hartono was born in 1941 in Semarang, Central Java. He is married with three children and lives in Kudus, Indonesia.
What is his interest in the arts?
He is an avid collector of Indonesian art and antique batik textiles. He aims to preserve Indonesia’s cultural heritage.
Conclusion
In conclusion, R. Budi Hartono’s net worth in 2024 highlights his financial acumen and strategic investments.
From tobacco to banking and e-commerce, his diverse portfolio ensures sustained wealth. For more insights into the lives of finance and investment magnates, visit worldofceos.com.
