BCA Owners, Budi and Michael Hartono's Wealth Reaches Rp 500 Trillion

07/03/2019 10:58 WIB

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The combined wealth of Bank BCA's two largest shareholders reaches Rp 519.4 trillion, exceeding Indonesia's 2019 education budget of Rp 492.5 trillion.

Top 10 Richest People in Indonesia According to Forbes (2019)

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Top 10 Richest People in Indonesia According to Forbes (2019)

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Forbes magazine has once again named the Hartono brothers, Robert Budi Hartono and Michael Hartono, as the richest people in Indonesia. According to Forbes data, Budi Hartono's wealth reached US$18.6 billion, or approximately Rp 260.4 trillion (using an exchange rate of Rp 14,000 per US dollar), while Michael Hartono's wealth reached US$18.5 billion, equivalent to Rp 259 trillion.

The combined wealth of these two Bank BCA shareholders totals Rp 519.4 trillion, exceeding Indonesia's 2019 education budget of Rp 492.5 trillion. Besides owning Bank BCA, the Hartonos are also known as the owners of the Djarum cigarette company and the Polytron electronics factory.

Other Indonesian billionaires include Sri Prakash Lohia, Tahir, Chairul Tanjung, and Prayogo Pangestu. The total wealth of the ten richest people in Indonesia reached US$64.2 billion, or approximately Rp 899 trillion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."