What is Michael Hartono’s net worth?

The estimated net worth of Michael Hartono is $11.5 billion as of December 2022.

Who is Michael Hartono? What is his Profession and Nationality?

Chinese-Indonesian businessman and billionaire heir Michael Hartono is from that country. When their father Oei Wie Gwan passed away in 1963, Michael and his brother Robert Budi became the owners of Kretek (a clove cigarette also known as Gudang Garam).

Michael Hartono’s net worth was approximately $11.5 billion as of December 2022.

Early Life, Birthdate, Birthplace, Company and Family

On October 2nd, 1939, Michael Bambang Hartono was born in Kudus, Central Java.

His father, Oei Wie Gwan, had bought the Djarum Grammophon 1951 small Kretek cigarette factory and changed its name to just Djarum.

However, the factory was destroyed by fire in 1963, and Oie Wie passed away soon after, leaving Michael and their younger brother Robert Budi Hartono to inherit the business.

You may also like; Dita Soedarjo

Professional Career of Michael Hartono

Under the leadership of the two brothers, the cigarette business expanded, exporting for the first time in 1972, and adding new goods. With a 19 percent market share in 2012, the cigarette brand currently has one of Indonesia’s largest market shares.

The company started branching out into other industries as the cigarette industry grew, establishing the electronics brand Polytron in 1975. The group also entered new industries, including communication towers, paper manufacturing, and palm oil.

The brothers, under the Mauritius-registered company FarIndo Investments, first entered the banking industry through Haga Bank and Hagakita Bank. In a partnership with Farallon Capital, they acquired 51.15% of Bank Central Asia in 2002, outbidding rival bidders despite making a lower offer.

In addition to the companies mentioned above, the Djarum group also owns Grand Indonesia, Hotel Indonesia, and BCA Tower, three shopping centers and structures in Jakarta.

His business is also involved in online ventures; it owns Kaskus, one of Indonesia’s largest online communities, and the e-commerce website Blibli.com.

Michael Hartono’s net worth is $11.5 billion as of December 2022.

Michael Hartono’s Career Highlights

Here are a few of Michael Hartono’s career’s best moments:

• Owner of Djarum alongside his brother Robert Budi
• Bank Central Asia (2002)
• Djarum Group controls shopping malls, Grand Indonesia, Hotel Indonesia, and BCA Tower.

Favorite Quotes From Hartono Family

“I’ve never liked playing golf. I prefer to be on the treadmill to keep in shape.” – Robert Budi Hartono

“Don’t ever break someone’s trust. Once you do, then nobody wants to do business with you.” – Robert Budi Hartono

“I always assign auditors to strictly supervise the businesses.” – Robert Budi Hartono

“I don’t avoid any particular food. But I don’t eat too much.” – Robert Budi Hartono

1 Life Lesson From Hartono Family

After learning everything there is to know about Michael Hartono’s wealth and career, let’s look at some of the things his prosperous family can teach us:

1. Be Courageous

Learning to function in the face of fear means overcoming the urge to flee or completely give in to the rage that comes with it. When every organ in your body is screaming at you to fight or run away, courage is the ability to use your head and heart.

Questions and Answers

How much is Michael Hartono worth?

According to estimates, Michael Hartono is worth $11.5 billion.

What is Michael Hartono’s age?

Michael Hartono, who turned 83 years old on October 2, 1939, was born.

What is Michael Hartono’s height?

The height of Michael Hartono is 1.65 m, or 5 ft 5 in.

Summary

An Indonesian billionaire named Michael Hartono has amassed wealth through a variety of business ventures.

The largest private bank in Indonesia, Bank Central Asia, provides the Hartono brothers with the majority of their wealth, despite the fact that they inherited the clove cigarette manufacturer Djarum from their father.

Michael Hartono’s net worth is $11.5 billion as of December 2022.