
Michael Bambang Hartono, Indonesia’s richest man, dies at 86
Michael Bambang Hartono, Indonesia’s richest man, dies at 86
- Michael Bambang Hartono was 86 years old at the time of his death.
- He played a significant role in expanding Djarum into a major business empire, including holdings in banking and various other industries.
- His passing is a significant loss for Indonesia, reflecting on his wealth and contributions across multiple sectors.
Story
Michael Bambang Hartono, one of the wealthiest figures in Indonesia, passed away on March 19, 2026, at the age of 86. He was instrumental in transforming the Djarum cigarette company from a family business into one of Indonesia's largest conglomerates, expanding into diverse sectors including banking, palm oil, properties, and telecommunications. Alongside his brother, Robert Budi Hartono, he further established their business empire in Central Java, with significant stakes in Bank Central Asia. Hartono's journey began in the late 1970s when he introduced machine-made kretek cigarettes, which became popular nationwide. Besides being a business mogul, he was also a champion bridge player, representing Indonesia at the 2018 Asian Games and winning a bronze medal, being noted as the oldest Indonesian medal winner in that event. His family's legacy included not only substantial financial success but also contributions to sports and culture in Indonesia. His death has sparked reflections on his impact and contributions to the country’s economy and society. He is survived by his wife and son, leaving behind a significant legacy in the business and philanthropic sectors.