Richest Person in Indonesia: Budi Hartono

As of 2024, Budi Hartono (with brother Michael) tops Forbes Indonesia:

• Net Worth: ~$18.3B (combined family ~$25B)
• Born: 1941, Kudus, Central Java
• Empire: Djarum Group – clove cigarettes (kretek), banking, telecom, property, palm oil.

Key Holdings

• Bank Central Asia (BCA) – Indonesia's largest private bank (~$70B assets); Djarum owns ~51%.
• Telkomsel – Leading telco (via Telkom Indonesia stake).
• Djarum Cigarettes – Market leader; kretek cultural icon.
• Polytron, Grand Indonesia Mall, plantations, polyolefins.

Profile

• Low-profile; "quiet tycoons."
• Philanthropy: Djarum Foundation (education, health, sports — badminton powerhouse).
• Succession: Sons (Armin, Victor) in leadership roles.

Other Top Billionaires

• Anthoni Salim (Salim Group) – $9B
• Sri Prakash Lohia (Indorama) – $7B
• Chairul Tanjung (CT Corp) – $5B

Indonesia's billionaire class reflects conglomerate diversification from commodities into finance, digital, consumer.