Jakarta – Michael Bambang Hartono, co-owner of Indonesia’s Djarum Group and a prominent figure in both the business world and the sport of bridge, has died at the age of 86. The news was confirmed on Thursday, March 19, 2026, with the company stating he passed away at 1:15 PM Singapore time.
“The entire PT Djarum family deeply mourns the passing of our leader, Mr. Michael Bambang Hartono, on Thursday, March 19, 2026, at 01:15 PM Singapore time,” said Budi Darmawan, Senior Manager of Corporate Communication at Djarum Group, according to reports.
The passing of Hartono, one of Indonesia’s wealthiest individuals, was similarly reported by the Association of Thai Bridge, signaling the reach of his influence beyond the business realm. As of Thursday afternoon, details regarding funeral arrangements remained forthcoming, the company stated.
Born on October 2, 1939, in Kudus, Central Java, Hartono, alongside his brother Robert Budi Hartono, transformed Djarum from a small clove cigarette factory inherited from their father, Oei Wie Gwan, into one of Indonesia’s largest conglomerates. The brothers took over the business after their father’s death in 1963, expanding its interests to include banking, electronics, plantations, and property.
Djarum’s growth under the Hartono brothers extended beyond Indonesia, establishing a significant corporate presence throughout Southeast Asia. The family also holds a controlling stake in PT Bank Central Asia (BCA), Indonesia’s largest private lender by market value. Forbes consistently listed Michael Hartono among Indonesia’s richest people, recognizing his substantial impact on the nation’s economy.
Beyond his business achievements, Hartono was a dedicated bridge player, representing Indonesia at the 2018 Asian Games in Jakarta. He became the oldest athlete on the Indonesian team at those Games, securing a bronze medal in the contract bridge supermixed event. His performance earned him a Rp 150 million reward from President Joko Widodo, which he subsequently donated to the development of bridge in Indonesia.
Hartono’s journey began with his father’s acquisition of a small cigarette factory, Djarum Gramophon, in 1951. After a fire destroyed the factory in 1963, coinciding with the death of Oei Wie Gwan, Michael and Robert Budi Hartono stepped forward to rebuild and expand the family business. Michael Hartono briefly attended Diponegoro University, studying economics and business, before returning to Kudus to focus on Djarum following his father’s passing.
The Hartono brothers’ success story is a testament to their entrepreneurial spirit and strategic vision. They navigated the complexities of the Indonesian market and built a diversified empire that continues to shape the country’s economic landscape. Their leadership at Djarum not only revitalized the clove cigarette industry but also contributed to the growth of various other sectors.
Michael Hartono’s passing marks the conclude of an era for Indonesian business and sport. He leaves behind a legacy of innovation, philanthropy, and dedication to his country. The impact of his leadership will undoubtedly be felt for generations to come.
Details regarding memorial services and tributes are expected to be announced by the Djarum Group in the coming days. Archysport will continue to follow this story and provide updates as they become available.
