Owner of Djarum Group, Michael Bambang Hartono, Passes Away in Singapore

Sorrow has enveloped Indonesia’s business world. Michael Bambang Hartono, owner of the Djarum Group and one of the country’s most influential business figures, has reportedly passed away in Singapore today, Thursday (19/3). The news was confirmed by Budi Darmawan, Senior Corporate Communication Manager of the Djarum Group. Bambang Hartono died at the age of 86. Budi Darmawan stated that Michael Bambang Hartono passed away at 13:15 Singapore time. “The extended family of PT Djarum deeply mourns the passing of our leader, Mr Michael Bambang Hartono, on Thursday, 19 March 2026, at 13:15 Singapore time,” Budi said in his official statement on Thursday (19/3). As of this report, the family is still handling the arrangements for the deceased in Singapore. No further information has been released regarding the cause of death or funeral plans, but initial reports suggest the late figure may be laid to rest in Central Java. Born in Kudus on 2 October 1939, Michael Bambang Hartono was the son of Oei Wie Gwan, the founder of Djarum. Together with his younger brother, Robert Budi Hartono, he successfully transformed the local cigarette company into a massive business empire encompassing the banking sector (BCA), property, and technology. His name consistently ranked at the top of lists of Indonesia’s richest people according to various international institutions. However, behind his wealth, Bambang Hartono was widely known for his simple lifestyle and fondness for eating at street-side stalls, which was often captured by the public. In addition to the business world, the late figure was also a highly accomplished senior bridge athlete. He once represented Indonesia at the 2018 Asian Games and contributed a bronze medal to the Red and White contingent. His dedication to sports and philanthropy leaves a deep legacy for the Indonesian nation.