Meet the richest guy in Indonesia,

Michael Bambang Hartono In addition to launching new goods, the cigarette company expanded under the two brothers, exporting for the first time in 1972.The brothers started working in banking. His business is also involved in online endeavors; it owns one of Indonesia’s biggest online communities and the e-commerce website Blibli.com. As the oldest Indonesian to compete in the Asian Games, Michael Bambang Hartono represented Indonesia in bridge and helped his team earn a bronze in the Super Mixed Team event.

Business Is Like Bridge.

According to an interview with Richmond News, Hartono has accumulated an estimated net worth of USD 18.5 billion as of 2019 from the tobacco, banking, and communications sectors using similar abilities to those he utilizes for the bridge.

Bridge is similar to a company. You first obtain the information and data. You evaluate the data before coming to a conclusion. Thus, business and real life are all the same. Making decisions is the same. If you want to be a successful businessman and a good leader, you should play bridge. “Never give up, never quit,” he advised. 

Hartono, Michael Bambang

Because of his unmatched leadership and commercial savvy, Michael Bambang Hartono continues to rank among the nation’s most prosperous businessmen. He is a co-owner of Bank Central Asia, which is regarded as the biggest privately held bank in Indonesia, and Djarum, one of the biggest clove cigarette producers in the nation. Following the death of their father, Oei Wie Gwan, Michael and his brother, Rudi Hartono, assumed control of the Djarum enterprise. Additionally, the brothers replaced the Salim family at BCA.

Sarana Menara Nusantara of Hartono Brothers is expected to raise $586 million.

In its statement on Tuesday, however, the business stated that the funds would be used to pay down the debt of its subsidiary Profesional Telekomunikasi Indonesia and supply working capital. Due to the internet explosion in Indonesia, the largest economy in Southeast Asia, the company is growing to satisfy the increasing demand for cellular towers. In a calculated move, Protelindo’s subsidiary iForte Solusi Infotek paid 3.4 trillion rupiah in July to purchase a 90% share in Inti Bangun Sejahtera.

Protelindo’s telecommunications infrastructure will be greatly strengthened by this acquisition, which will expand its fiber network to almost 170,000 km and increase the number of towers it leases to mobile operators to 34,300 with around 58,000 tenancies.

With about 39,000 towers as of June, Sarana Menara is the second-largest operator of telecommunication towers in Indonesia, behind the state-owned Dayamitra Telekomunikasi. The foundation of the family’s wealth is Djarum, a kretek business started by the brothers’ father and currently run by Victor, Budi’s son.

The family’s varied interests also include major real estate holdings in Jakarta and the well-known electronics firm Polytron. The brothers also own Global Digital Niaga, the parent company of Blibli, a massive e-commerce company that raised $8 trillion rupiah in Indonesia’s second-largest IPO of 2022.

Highlights of Michael Hartono’s Career

The Djarum cigarette company grew significantly under Michael and Robert’s direction. They exported for the first time in 1972, and by 2012, their brand of cigarettes had 19% of the Indonesian market. Michael and Robert ventured into other industries in addition to the cigarette industry. They established the electronics company Polytron in 1975. Through Haga Bank and Hagakita Bank, they also made their foray into the banking industry.

In 2002, they bought a 51.15% share in Bank Central Asia  through the FarIndo Investments consortium. Through an agreement with UBS, they acquired the majority of BCA’s shares in 2010. The shares were moved to PT Dwimuria Investama Andalan, a holding company based in Indonesia, in 2016. In Jakarta, the Djarum company also owns a number of skyscrapers and shopping centers.

 Significant Accomplishments:

turned Djarum into one of Indonesia’s biggest tobacco companies. established Polytron, a brand of electronics. joined the banking industry and bought the bulk of Bank Central Asia (BCA). has authority over a number of Jakarta buildings and shopping centers.

Honors and accomplishments:

won a prize from the World Bridge Federation in 2017 for introducing the bridge sport as an Asian Games event. earned a bronze medal in the Super Mixed Team event while competing for Indonesia at the 2018 Asian Games.

Legacy & Personal Life:

In Kudus, Indonesia, Michael Bambang Hartono resides. He is well-known for supporting a range of humanitarian causes and being philanthropic. In addition, he plays bridge and has made a big impact on the game in Indonesia. He is the oldest Indonesian to win a medal in the Asian Games.

Highlights of Michael Hartono’s Career:

The Djarum cigarette company grew significantly under Michael and Robert’s direction. They exported for the first time in 1972, and by 2012, their brand of cigarettes had 19% of the Indonesian market. Michael and Robert ventured into other industries in addition to the cigarette industry. They established the electronics company Polytron in 1975. Through Haga Bank and Hagakita Bank, they also made their foray into the banking industry.

In 2002, they bought a 51.15% share in Bank Central Asia (BCA) through the FarIndo Investments consortium. Through an agreement with UBS, they acquired the majority of BCA’s shares in 2010. The shares were moved to PT Dwimuria Investama Andalan, a holding company based in Indonesia, in 2016. In Jakarta, the Djarum company also owns a number of skyscrapers and shopping centers.

Michael Hartono:

turned Djarum into one of Indonesia’s biggest tobacco companies. established Polytron, a brand of electronics. joined the banking industry and bought the bulk of Bank Central Asia (BCA). has authority over a number of Jakarta buildings and shopping centers. Michael Hartono: Honors and Accomplishments

won a prize from the World Bridge Federation in 2017 for introducing the bridge sport as an Asian Games event. earned a bronze medal in the Super Mixed Team event while competing for Indonesia at the 2018 Asian Games.