From a cigarette factory to a billionaire: The legendary entrepreneurial journey of the Huang brothers

Indonesia, which has overtwo point sevenSoutheast Asian countries with a population of one billion,alreadyrapidbecomeFor the importance of business and wealthland. Let's focus on one of our brothers, whose investments in banking, tobacco, e-commerce, and other fields have made them billionaires——They are HuangHuicong（R•Budi Hartono）HehuangHuixiang（Michael Hartono）.

According to Forbestwo thousand and twenty-threeAnnualLatestdataHuang HuicongandMichael Bambang HartonoThey are the second and third wealthiest people in Indonesia, respectively.As oftwo thousand and twenty-threeyearfourmonthtwenty-fivedayHuang HuicongThe net assets oftwo hundred and sixty-eightUSD100mnRanked # on Forbes Global Rich Listfifty-fourName,Michael Bambang HartonoThe net assets oftwo hundred and fifty-sixUSD100mn,Ranked # on Forbes Global Rich Listfifty-sevenname.

Image from network:Huang Huicong(Left)Michael Bambang Hartono(Right)

The entrepreneurial experience of the Huang brothers is closely related to their father Huang Weiyuan.

The Huang brothers were born in Java Province, and their older brotherMichael Bambang Hartonotoone thousand nine hundred and thirty-nineBorn in Gudus, the province in, younger brotherHuang Huicongone thousand nine hundred and forty-oneBorn in Semarang, the province. The two brothers started assisting their father in the business of a cigarette factory from a very young age and have accumulated rich experience in managing the factory.one thousand nine hundred and sixty-threeNianjianji Cigarette Factory（Djarum）Burned down by fire, Huang Weiyuan also passed away shortly after,The Huang brothers took over their father'sZhiji Tobacco FactoryFrom this, they began their entrepreneurial career.

Image from the internet: someone who loves playing bridgeMichael Bambang Hartono

Zhiji Tobacco Factory（Djarum）It's a family owned by their late fatherHuangweiyuantoone thousand nine hundred and fiftyA bankrupt cigarette company that was acquired and renamed in.HuangweiyuanName the company as“needle”, meaning the needle of the Phonograph, which means that the company can create beautiful sounds.stayMichael Bambang Hartono and his brother Huang HuiAfter Zhong took over, not only did heExpanded the scale of the Zhiji Tobacco Factory, in addition to launching new productsone thousand nine hundred and seventy-twoFor the first time in, it exported its own products abroad, making Zhiji one of the main clove tobacco brands in Indonesia.

Image fromDjarum. com: Zhiji Tobacco Factory (Djarum)

While expanding their clove tobacco business, the two brothers also began to venture into fields such as palm oil refining, papermaking, and launch tower operations, andone thousand nine hundred and seventy-fiveEstablished the electrical appliance brand Baochuang in. They also own high-quality real estate in Jakarta, such as Greater Indonesia Shopping Center（Grand Indonesia）Hotel Indonesia KempinskiEtc.But most of their wealth comes from Bank Central Asia, the largest private bank in Indonesia（BCA）Investment.

BCAIt is a company with overtwo thousand10000 customers andtwo thousand and four hundredBanks with multiple branches are also one of the most profitable banks in Indonesia.Huang'sBrother inone thousand nine hundred and ninety-eightDuring the Asian financial crisis in, from another wealthy familySalimAcquired in handBCAObtained control of the bank through the acquisition of shares. Afterwards, they improved bank management, improved service quality, and expanded their business scope toBCABuilt into a successful and stable financial institution.

When it comes to the reasons for success, the Huang brothers believe in their own struggles.Huang HuicongEmphasizing the importance of hard work,“If you ask me what my hobbies are, it's simple: work, work, and then work.”

For one's own success,Huang HuicongBelieving that integrity is the key,Never undermine others' trust in you. Once you do this, no one will do business with you. "He also values the power of professionalism. He often assigns professionals to handle affairs, but this does not mean letting go." I always appoint auditors to closely monitor various business activities

Nowadays, the Huang brothers, who are over seventy years old, are gradually retreating behind the scenes, and the third generation of the family is moving towards the front stage.Huang HuicongThe eldest son of Huang Zhisheng（Victor Hartono）Served as the Chairman of the Board of Directors of Zhiji Group; Second sonMartin HartonoInvested in the establishment of "Indonesia Taobao"BlibliSuccessfully acquired Indonesia's largest online forumKaskusAnd tourism e-commerce websitesTicket. last yearelevenmontheightdayBlibliSuccessfully launched,Becoming the second largest in the country that yearIPOcompany;Younger sonArmandMainly responsible for Bank Central AsiaBCA.