Michael Hartono's Biography

Michael Bambang Hartono is a renowned Indonesian billionaire and business magnate, best known for co-owning the Djarum Group alongside his brother, Budi Hartono. Born on October 2, 1939, in Kudus, Central Java, Michael Hartono has played a pivotal role in transforming Djarum into one of the world’s largest clove cigarette manufacturers. Under his leadership, the Hartono family diversified their business empire, acquiring a significant stake in Bank Central Asia (BCA), Indonesia’s largest private bank, and expanding into electronics via Polytron and real estate with Grand Indonesia shopping mall. With a current estimated net worth of $24.7 billion, Michael Hartono consistently ranks among Indonesia's richest individuals. Beyond his business pursuits, Hartono is passionate about bridge and has even represented Indonesia in international competitions, earning a bronze medal at the 2018 Asian Games. Despite facing criticism over the health impacts of the tobacco industry, he continues to innovate and expand his conglomerate. Hartono’s journey from a family business heir to a leading Indonesian tycoon exemplifies his relentless persistence, strategic vision, and commitment to economic growth. As a philanthropist and sports enthusiast, Michael Hartono remains an influential figure in both business and community spheres.