Indonesian billionaire Michael Bambang Hartono dies at 86

Michael Bambang Hartono, a prominent Indonesian billionaire and tobacco tycoon, has passed away at the age of 86. The cause of his death has not been disclosed. Hartono was recognized as Indonesia's richest man, with an estimated net worth of $43.8 billion, according to Forbes in 2025. He was known for his significant contributions to the tobacco industry and was a key figure in the business landscape of Indonesia. Alongside his brother Robert, Budi Hartono, Michael Hartono played a crucial role in building their family's wealth and business empire. The Hartono brothers have consistently ranked at the top of Indonesia's rich list, reflecting their influence and success in various sectors, particularly in tobacco. Their combined wealth has positioned them as leading figures in the Indonesian economy. Michael Hartono's legacy is marked by his business acumen and the substantial impact he had on the tobacco industry in Indonesia. His passing marks the end of an era for the Hartono family and the broader business community in the country. The news of his death has drawn attention to his contributions and the significant role he played in shaping the economic landscape of Indonesia.