Legacy of Indonesia's Richest Titan: Michael Hartono

Michael Bambang Hartono, Indonesia's wealthiest man and prominent business magnate, passed away at 86. He transformed Djarum into a global brand and was a major shareholder in Bank Central Asia. A renowned bridge player, Hartono significantly contributed to Indonesia's sports scene and had a net worth of USD 25.1 billion in 2024.

Michael Bambang Hartono, Indonesia's wealthiest individual and a pivotal figure in the business world, has died at the age of 86 in Singapore. The Djarum Group confirmed his passing in a statement, expressing gratitude for his commitment and service. Hartono left a lasting legacy in various sectors including finance and sports.

Hartono and his brother Robert built a business empire expanding from clove cigarettes to multiple industries, including banking and technology. Their business acumen established Indonesia's largest private lender, Bank Central Asia, solidifying the Hartono family's financial influence with a net worth exceeding USD 43.8 billion.

A champion in mind sports, Hartono was instrumental in promoting bridge in Indonesia and participated in the 2018 Asian Games. His philanthropic contributions to the game demonstrate his passion beyond business. Hartono's enduring impact will be felt across industries and communities in Indonesia.

(With inputs from agencies.)