The Figure of Djarum Boss Michael Bambang Hartono: The Long Legacy of Indonesia's Business Maestro
KABARIKA.ID, MAKASSAR — Sad news has come from the national business world. One of Indonesia’s major business figures, Michael Bambang Hartono, passed away at the age of 86 in Singapore on Thursday (19/3/2026).
The passing of this figure, known as one of the owners of the Djarum Group, leaves a long legacy in the development of Indonesia’s industry and economy.
The company, through its Corporate Communication, expressed deep sorrow over the death of the figure who has been a key pillar in the group’s business journey.
The deceased’s body is scheduled to arrive in Jakarta on Friday (20/3/2026) to be laid in state at the Grand Heaven Funeral Home until 22 March.
After that, the tribute procession will continue in Kudus, Central Java, before burial on 25 March 2026.
Amid this sad news, the public is once again recalling Michael Bambang Hartono’s long contributions as one of the most influential figures in the national business world.
Together with his brother, Robert Budi Hartono, he developed Djarum from a cigarette company into a large conglomerate with cross-sector businesses.
Under his leadership, Djarum not only survived but also expanded into various strategic fields.
One important step was the development of the banking sector through Bank Central Asia, which is now one of Indonesia’s largest banks.
In addition, expansion was also carried out in the electronics sector through Polytron, property, and global investments.
Djarum’s contributions even reached the international sports world.
The group came into the spotlight when it acquired the Italian football club Como 1907 in 2019, which now competes in the top tier of the Italian league.
Michael was known as a visionary and adaptable leader in changing times.
The business strategies he implemented kept his companies relevant amid global economic dynamics.
Not only focused on expansion, he was also known for his great attention to human resource development and business sustainability.
Outside the business world, he was also known as an active and accomplished bridge athlete, showing another side of his disciplined and competitive personality.
Michael Bambang Hartono’s passing is a great loss, not only for his family and company but also for Indonesia’s business world.
The legacy of values, hard work, and business vision he leaves behind is hoped to continue inspiring the next generation of entrepreneurs.