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Indonesia's Richest Tycoon Michael Bambang Hartono Dies at 86 in Singapore

The low-profile tycoon co-built Djarum into a tobacco-to-banking powerhouse anchored by a controlling stake in Bank Central Asia.

Overview

  • Djarum Group said he died Thursday afternoon at a Singapore hospital, and the family has not disclosed a cause.
  • Hartono co-led Djarum’s expansion beyond tobacco, and the family now holds 54.9% of Bank Central Asia, Indonesia’s biggest private lender.
  • Forbes estimated the Hartono brothers’ combined wealth at about $43.8 billion in 2025, placing them atop Indonesia’s rich list.
  • Como 1907, acquired by the Hartono family in 2019, issued condolences as the club competes in Serie A after a 2024 promotion.
  • He was a champion bridge player who helped bring the game to the Asian Games and won a team bronze in 2018.