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Michael Bambang Hartono, Djarum Co-Owner and Major BCA Shareholder, Dies at 86
Michael Bambang Hartono was Indonesia’s richest man with a net worth of $18.9 billion and helped build Djarum and Bank Central Asia into leading conglomerates.
- Michael Bambang Hartono, co-owner of Djarum Group, died at a Singapore hospital on March 19, 2026, at 1.15 p.m., aged 86, Djarum Group confirmed.
- The tycoon jointly owned Djarum Group with his brother Robert Budi Hartono and acquired a controlling stake in PT Bank Central Asia after the Asian financial crisis, amassing over $43.8 billion.
- Djarum Group's operations include Djarum Black, Djarum Super and L.A. Lights, while PT Bank Central Asia reported revenue of 57.5 trillion rupiah last year and about 60,000 factory workers roll cigarettes.
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From cigarettes to an empire. And in 2019 he tried to get the Bari, but he ended up on the lake.
·Italy
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Indonesian billionaire Michael Bambang Hartono dies at 86
The cause of death was not immediately clear. Alongside his brother Robert, Budi Hartono, Michael Hartono was worth an estimated $43.8 billion, according to Forbes in 2025, putting them at the top of Indonesia's rich list
·India
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Associated Press News+18 Reposted by 18 other sources
Michael Bambang Hartono, tobacco tycoon and Indonesia's richest man, dies at 86
Indonesia’s richest man, Michael Bambang Hartono, has died at the age of 86. Hartono, along with his brother, helped turn the Djarum cigarette company into one of the country’s largest business empires and later became a controlling shareholder of Bank Central Asia, Indonesia’s biggest private lende
·United States
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Coverage Details
Total News Sources45
Leaning Left10Leaning Right9Center11Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 33%
C 37%
R 30%
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