Michael Bambang Hartono Passes Away: Sources of His Wealth and Business Journey

We express our gratitude for his dedication and service; may the late Mr Hartono find the best place by the side of the Almighty God, and may his bereaved family be granted strength,” said the management of PT Djarum, quoted on Thursday, 19 March 2026.

Brief Profile of Michael Bambang Hartono

Michael Bambang Hartono is known as a key figure behind the success of the Djarum Group. He is one of the conglomerates with significant influence in the development of Indonesian business. Together with his brother, Robert Budi Hartono, he built and developed various business lines that continue to grow to this day.

Wealth Exceeds Rp330 Trillion

As one of Indonesia’s richest individuals, Michael Bambang Hartono is recorded to have a total net worth of USD19.7 billion, or approximately Rp330.2 trillion. The sources of his wealth largely come from share ownership in PT Bank Central Asia (BCA), one of Indonesia’s largest private banks.

In addition, businesses under the Djarum Group umbrella and various other investment portfolios also support his wealth.

Active in the World of Bridge Sport

Not only known as a businessman, Michael Bambang Hartono was also active in the world of sports, particularly bridge. He once won a bronze medal at the world championships and competed in the 2018 Asian Games. These achievements prove that he was not only successful in the business world but also contributed to the field of sports.

The passing of Michael Bambang Hartono leaves a significant legacy in the national business world. His contributions with the Djarum Group and BCA form an important part of Indonesia’s economic development.