Michael Hartono
Michael Hartono | Co-Owner, Djarum Group | $23.5B
as of 7/02/24
Michael Hartono, an influential Indonesian businessman, is co-owner of the Djarum Group, a major conglomerate with interests in various sectors. He is one of Indonesia's wealthiest individuals, known for his substantial contributions to the country's business landscape and philanthropy.
Personal Information:
Full Name: Michael Bambang Hartono
Name in the language of origin: 黃惠祥 (Huang Hui Xiang)
Date of Birth: October 2, 1939
Place of Birth: Kudus, Central Java, Indonesia
Zodiac: Libra
Marital Status and Family: Married to Lili Hartono; they have three children.
Relatives: Robert Budi Hartono (brother)
Background and Early Life:
Family Background: The Hartono family originally engaged in the trading and production of kretek cigarettes. Their business, Djarum, was founded by their father, Oei Wie Gwan.
Ancestry: Chinese-Indonesian descent; grandparents emigrated from Fujian Province, China.
Early Influences: His father's entrepreneurial spirit and early involvement in the family business.
Influences: Influenced by his father, Oei Wie Gwan, and his brother, Robert Budi Hartono.
Books that impacted the most: There is no specific information available on books that impacted him significantly.
Educational Background: Michael Hartono’s educational background is not widely publicized, but he is known to have had a focus on business from an early age due to his involvement in the family enterprise.
Professional Career:
Current Occupation: Co-owner of Djarum Group (Djarum.com)
Career History:
Took over Djarum Group after his father’s death in 1963.
Expanded the business from cigarettes to other sectors like banking (BCA), electronics, and agribusiness.
Career Milestones:
Key Achievements:
Successfully rebuilt and expanded Djarum Group after a factory fire in 1963.
Acquired a significant stake in Bank Central Asia (BCA), which became one of Indonesia's largest banks.
Innovations and Contributions:
Diversified Djarum Group’s business interests.
Contributed to the modernization of Indonesia's banking sector.
Industry Impact: Pioneered in various industries, significantly impacting the banking and manufacturing sectors in Indonesia.
Net Worth and Assets:
Estimated Net Worth: Approximately $22 billion (as of 2023, Forbes).
Key Assets: Major holdings in Djarum Group, significant stake in BCA.
Investments: Diversified investments in real estate, electronics, and agribusiness.
Stock records: Significant holdings in BCA (BBCA).
Business Interests:
Primary Business: Djarum Group.
Known current and past Board of Directors positions:
Board member of Bank Central Asia (BCA)
Other Ventures: Investments in hospitality, electronics (Polytron), and agribusiness.
His company is also active in internet ventures, controlling e-commerce website Blibli.com and one of Indonesia's largest online communities Kaskus.
Djarum group also controls several shopping malls and buildings in Jakarta, including Grand Indonesia, Hotel Indonesia and BCA Tower.
Leadership Style and Business Philosophy:
Leadership Approach: Known for a strategic and resilient leadership style, focusing on diversification and long-term growth.
Business Philosophy: Emphasizes resilience, diversification, and innovation.
Philanthropy and Social Contributions:
Charitable Donations: Contributions to education, health, and sports through the Djarum Foundation.
Foundations and Initiatives: Djarum Foundation.
Philanthropic Goals: Focus on education, health, and community development.
Environmental Stewardship: Investments in sustainable agriculture.
CSR: Active in various CSR initiatives, particularly in Central Java.
Lifestyle and Interests:
Main Residence: Jakarta, Indonesia.
Personal Values: Emphasis on family, tradition, and community welfare.
Hobbies and Interests:
Badminton enthusiast; supports badminton through the Djarum Foundation.
Bridge. Bambang is a bridge player. In an interview, he said that "bridge is how you train yourself in making good decisions and risk-taking" and that his uncle introduced him to the game during the Japanese occupation of Indonesia. A major supporter of the sport in the country and president of the South East Asia Bridge Federation, he received an award from the World Bridge Federation in 2017 for his support in making bridge a category in the Asian Games.
He represented Indonesia at the Asian Games 2018 in bridge, winning a bronze medal with his team at the Supermixed team event hence making him the oldest Indonesian Asian Games medal winner. He was the oldest athlete in the Indonesian contingent, though several other non-Indonesian bridge players were older. He had also participated in other competitions abroad, in one case self-admittedly falling asleep during a finals match due to drinking wine beforehand.
He was part of the Indonesian teams which won bronze medals in the 2008 World Bridge Games in Beijing, the 2009 World Team Championships in Sao Paulo, and the 2010 World Series Championships in Philadelphia.
Social Circles: Influential circles in Jakarta and Central Java; associated with business elites and philanthropic circles.
Membership in private clubs and social organizations: Member of various exclusive clubs in Indonesia.
Associates:
Business connections:
Robert Budi Hartono - Brother and business partner.
Jerry Ng - CEO of BCA.
Liem Sioe Liong - Business tycoon.
James Riady - CEO of Lippo Group.
Mochtar Riady - Founder of Lippo Group.
Sudono Salim - Founder of Salim Group.
Anthony Salim - CEO of Salim Group.
Hary Tanoesoedibjo - Business magnate.
Aburizal Bakrie - Businessman and politician.
Erick Thohir - Businessman and Minister of State-Owned Enterprises.
Personal connections:
Lili Hartono - Spouse.
Their children - Involved in family business.
Susi Susanti - Badminton legend supported by Djarum.
Rudy Hartono - Badminton player supported by Djarum.
Close family friends from business and philanthropic circles.
Political and Social Influence:
Political Affiliations: Generally maintains a low profile politically but has connections with influential politicians.
Advocacy: Supports economic development and educational initiatives.
Significant political statements: No notable political statements on record.
Future Plans and Projects:
Upcoming Ventures: Expanding digital banking and technology investments.
Forecasts: Continued growth and diversification of business interests.
Legacy: Known for transforming a family business into a diversified conglomerate; contributions to Indonesian society through business and philanthropy.
Available Data on Possessions:
Yachts: No known yachts.
Private Jets: Information on specific models is not publicly available.
Cars: Known to have luxury vehicles but specific brands are not publicized.
Art: Collector of significant Indonesian art; details are private.
Real Estate and Residences: Owns properties in Jakarta and Central Java; details on specific estates are private.
Collectables: Collector of Indonesian cultural artifacts.
Expensive accessories: Known for luxury accessories but specific brands are not publicized.
Any other significant possessions: Invested in historical and cultural preservation projects.
Public Persona and Influence:
Media Presence: Low public profile; rarely gives interviews.
Public Speaking: Occasional speaker at business and philanthropic events.
Public Appearances: Appears at key business conferences and Djarum Foundation events.
Forbes Global CEO Conference
BCA Annual General Meeting
Djarum Foundation Philanthropy Events
Indonesia Business Leader Awards
Jakarta International Expo
Indonesian Economic Forum
Badminton World Federation Events
Jakarta Business Network Events
Central Java Economic Development Forums
Indonesian Philanthropy Awards
Recognition and Awards: Numerous awards for business excellence and philanthropy.
Future Plans and Projects:
Upcoming Ventures: Focus on expanding technology and digital banking sectors.
Forecasts: Continued dominance in Indonesian business, growth in digital ventures.
Legacy: Transformative leader in Indonesian business, significant philanthropist.
Political and Social Influence:
Political Affiliations: Connections with influential politicians but no direct political involvement.
Advocacy: Promotes economic growth and education.
Significant political statements: Generally avoids political statements.
Media Search Results for Michael Hartono
Biographical Books
Currently, there are no dedicated biographical books specifically focused on Michael Hartono available in public databases.
Controversies and Legal Issues
Controversies
Michael Hartono, along with his brother Robert Budi Hartono, co-owns the Djarum Group, which has faced several controversies over the years. One significant controversy involved the U.S. banning clove cigarettes in 2009, impacting Djarum's primary product. This led to Djarum introducing Dos Hermanos, a premium cigar, as a workaround to the ban.
Legal Issues
There are no major criminal records or court cases directly involving Michael Hartono. However, the Djarum Group has faced regulatory challenges, especially concerning environmental regulations and labor practices.
Scandals
There have been no major personal scandals involving Michael Hartono. Most of the issues surrounding him are business-related, particularly the operations and market strategies of the Djarum Group.
Allegations
Djarum Group has faced allegations regarding labor practices and environmental impacts. These allegations have attracted scrutiny from health organizations and regulatory bodies.
Criticisms
The Hartono brothers have been criticized for the environmental impact of their palm oil plantations and the health implications of their tobacco products. Additionally, their aggressive business strategies, including monopolistic practices, have been a point of contention.
Public Conflicts
Michael Hartono tends to maintain a low profile and avoids public conflicts. The most notable issues have been regulatory and business-related, involving strategic moves in their various business ventures, including acquisitions and market expansions.
Curious Information
Little-known Biography Facts
Michael Hartono was born on October 2, 1939, in Kudus, Central Java, Indonesia. He, along with his brother, inherited the Djarum Group after their father, Oei Wie Gwan, passed away in 1963.
The brothers successfully rebuilt Djarum after a devastating fire in 1963, transforming it into one of the largest cigarette manufacturers in Indonesia.
Unusual Experience
Michael Hartono is not only a successful businessman but also an accomplished bridge player. He has represented Indonesia in various international tournaments, including the Asian Games, where he won a bronze medal in 2018.
Gossip and Rumors
Due to his private nature, there are relatively few rumors about Michael Hartono. However, discussions about his wealth and business strategies often circulate within industry circles.
Mentions in Conspiracy Theories
Michael Hartono is not commonly mentioned in conspiracy theories. His public image is primarily associated with his business achievements and philanthropic efforts.
Psycho-emotional Profile of Michael Hartono
Emotional State and Mood: Michael Hartono, a prominent Indonesian billionaire, maintains a composed and confident demeanor. His current mood appears stable and content, reflecting his satisfaction with the significant achievements and expansion of his business empire. His involvement in diverse business ventures and hobbies, such as playing bridge, suggests a balanced emotional state with predominant feelings of fulfillment and focus.
Personality Traits: Hartono exhibits a blend of introversion and conscientiousness. Despite his wealth, he prefers to keep a low public profile, indicating a preference for privacy. He is highly conscientious, demonstrated by his meticulous approach to business management and strategic investments. His temperament is resilient, allowing him to effectively navigate the complexities of the business world.
Stress Levels and Coping Mechanisms: Given his high-stakes business environment, Hartono likely experiences moderate to high stress levels. He copes through structured problem-solving and engaging in hobbies such as bridge, which he believes helps in making good decisions and managing risk. This strategic engagement in leisure activities indicates effective stress management.
Self-Esteem and Self-Concept: Hartono’s self-esteem is high, supported by his successful management and expansion of the Djarum Group. He sees himself as a capable and influential leader, with a strong self-concept rooted in his ability to grow and diversify his business empire. His recognition as one of Indonesia’s wealthiest individuals further reinforces his self-esteem.
Interpersonal Relationships: Hartono maintains strong relationships with his family, particularly his brother Robert Budi Hartono, with whom he co-manages their business ventures. His professional network includes key business associates, providing substantial social and strategic support. These relationships are characterized by loyalty and mutual respect, essential for his business operations.
Behavioral Patterns: Hartono’s behavioral patterns include strategic risk-taking and a preference for routine and structured decision-making. He avoids impulsivity, focusing instead on long-term planning and careful evaluation of business opportunities. His disciplined approach to both business and personal life is evident in his consistent success and stability.
Psychological Well-being: Hartono’s overall psychological well-being appears stable and positive. His successful business ventures and effective stress management contribute to a high level of life satisfaction. There are no reported symptoms of mental health conditions, suggesting good psychological resilience.
Cognitive Functioning: Hartono demonstrates high cognitive abilities, particularly in strategic planning and problem-solving. His success in expanding the Djarum Group and managing various business interests indicates strong analytical skills and a sharp, strategic mind.
Past Experiences and Trauma: Significant life events, such as taking over the family business after his father’s death and navigating Indonesia’s economic crises, have shaped Hartono’s resilience and strategic outlook. These experiences have reinforced his methodical and resilient approach to leadership, enabling him to effectively manage challenges and opportunities.
Motivations and Goals: Hartono is driven by both intrinsic and extrinsic motivations. His personal goals include maintaining and growing the Djarum Group and contributing to Indonesia’s economic development. Extrinsically, he is motivated by public recognition and the desire to uphold his family’s business legacy.
Physical Health and Its Impact: There is limited public information on Hartono’s physical health, but his active involvement in business and leisure activities such as bridge suggest he prioritizes his well-being. Effective physical health likely contributes positively to his psychological resilience and ability to manage stress and responsibilities effectively.
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