After their father's death, the brothers took over the company and grew it into one of the largest tobacco companies in the world. R. Budi Hartono's net worth is largely attributed to his success in the tobacco industry, as well as his investments in banking and real estate.
R. Budi Hartono is a member of Richest Billionaires
Age, Biography and Wiki
💰 Net worth: $18.7 Billion (2024)
Djarum has grown to become the third largest manufacturer of clove cigarettes in the world. R. Budi Hartono and his brother have amassed their fortunes in a number of other ways, as well, including owning shares in Bank Central Asia. They also began producing palm oil, after purchasing 65,000 hectares of land in West Kalimantan in the late 2000s. They have also invested in a number of real estate ventures, and currently own the Grand Indonesia, a combined shopping mall, office building, and hotel in Jakarta. They joined the Internet technology game recently, launching Global Digital Prima Ventures. The company's first acquisition was Kaskus, the #1 website in Indonesia. Since clove cigarettes have been banned in the United States, Djarum is now focusing on the production of premium cigarettes, using tobacco from Indonesia and Brazil.
