Indonesian Tobacco Tycoons Hartono Brothers Become Richest in Indonesia with $50.3 Billion Fortune

Jun.24

The Indonesian tobacco industry has produced top billionaires, with the Hartono brothers holding the top spot with a $50.3 billion fortune. Their family business, Djarum, is not only the largest kretek cigarette supplier but has also expanded its business empire through investments in banking, real estate, and other sectors.

Key Points:

·Indonesia's tobacco industry has become a source of wealth for a few billionaires.

·The Hartono brothers have become the richest in Indonesia through their tobacco and diversified investments.

·PT Djarum has become one of the main tobacco suppliers in Indonesia.

·From tobacco to finance, the Hartono family's business empire continues to expand.

According to Okezone on June 24, 2025, the tobacco industry in Indonesia is a significant source of wealth for a few billionaires. Despite being controversial due to health concerns, the tobacco industry plays a crucial role in the Indonesian economy, creating a group of top billionaires. These businessmen have become the wealthiest in Indonesia through their investments in the tobacco industry and other sectors.

Robert Budi Hartono and Michael Bambang Hartono are among the top business leaders in Indonesia. They have built on their father Oei Wie Gwan's foundation of PT Djarum to become one of the largest clove cigarette suppliers in the country. They have also expanded their business interests into banking, real estate, and the hospitality industry. Their wealth reached $50.3 billion in 2024, making them the richest individuals in Indonesia.

Djarum company has not only made significant contributions in the tobacco supply sector but also enhanced its influence in the financial industry through its corporate connections with Bank Central Asia. This indicates that, when managed properly, a traditional tobacco heritage can bring about unrivaled economic power.

References:

[1] Daftar Orang Terkaya Indonesia Pemilik Bisnis Rokok, Juaranya Punya Harta Rp829 Triliun : Okezone Economy

Also Read:

[1] Indonesia Honors Four Provinces for Tobacco Control Efforts, with Bali as a Model

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Japan Tobacco Expands Ploom Aura EVO Menthol Line With Two New Products and One Upgraded Blend

Japan Tobacco Inc. (JT) has added two new EVO sticks, Evo Black Menthol and Evo Fresh Mint, to its Ploom Aura lineup and reformulated Evo Cold Menthol, creating a menthol range with three distinct levels of cooling intensity and flavor profile.

Dec.01 by 2FIRSTS.ai

62.5% of Vapers Still Use Disposables; 82% for Ages 25–34, Survey Finds

Vape retailer Haypp reports that 62.5% of vapers still use disposable vapes, rising to 82% among those aged 25–34. 35% of disposable users say they are still buying disposables. Black-market purchases reportedly come mainly from local smaller shops (55%) and specialist vape stores (37%), as well as supermarkets, online retailers and car boot sales. 78.5% of respondents are using pre-ban stock, posing safety risks from aging lithium-ion batteries; 14% plan to continue buying disposables,.

Oct.23 by 2FIRSTS.ai

Polish Government Plans Ban on Flavoured Nicotine Pouches and Disposable E-Cigarettes

Poland’s government is preparing to amend the Act on Protection of Health from the Consequences of Tobacco Use to ban the sale of flavoured nicotine pouches and disposable e-cigarettes. The Health Ministry says the goal is to protect youth from nicotine addiction, citing World Health Organization data on the risks of such products. However, industry representatives and legal experts argue the proposal is abrupt and could expand the illicit market.

Dec.05 by 2FIRSTS.ai

ZYN Nicotine Pouches Seek MRTP Authorization; FDA Sets January Meeting

The U.S. FDA has scheduled a Tobacco Products Scientific Advisory Committee (TPSAC) meeting for January 22, 2026, to review Swedish Match USA’s Modified Risk Tobacco Product (MRTP) applications for 20 ZYN nicotine pouch products. Although the products gained PMTA authorization in early 2025, MRTP approval is required for marketing them with reduced-risk claims.