Forbes just released their billionaires list on March 5, 2019, detailing the richest people in the world. The number of billionaires and their total wealth shrank due to unstable global economy and weak stock markets. There are 2,153 billionaires in total, down 55 from last year. 46% of them experienced shrinkage in wealth compared to 2018.
Ranked as the 54th richest person in the world, Robert Budi Hartono has net worth around $18,6 billion while Michael Bambang Hartono is ranked 56th and has net worth of $18,5 billion. For the 9th consecutive year, the Hartono brothers top Forbes' list as Indonesia's richest by owning combined net worth of $37,1 billion.
The tycoons accumulated his family fortune from a varied businesses from tobacco to banking to telecom. They operate and own Djarum, a clove cigarette maker started by their father and currently is Indonesia's third-largest cigarette manufacturer. The Hartono brothers get more than two-thirds of their fortune from their investment in Bank Central Asia, the largest and most influential retail bank in Indonesia.