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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 and major shareholder of Bank Central Asia, with a family conglomerate employing about 60,000 workers, the family announced.
- 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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Associated Press News+16 Reposted by 16 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
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Como in mourning: Michael Bambang Hartono, one of the two Hartono brothers and reference shareholder of the Larian club together with Robert Budi Hartono, who died in Singapore: he was 86 years old....
Coverage Details
Total News Sources36
Leaning Left8Leaning Right7Center9Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 33%
C 38%
R 29%
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