Indonesia's richest man, tobacco tycoon Michael Bambang Hartono, dies at 86 [Fortune]
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Source: Fortune
and later became a controlling shareholder of Bank Central Asia, Indonesia's biggest private lender, died Thursday. He was 86. Hartono died at a hospital in Singapore on Thursday afternoon, the Djarum Group said in a statement. “With deep sorrow, the extended family of PT Djarum announces the passing of one of our company's leaders, Michael Bambang Hartono,” the statement said. “We extend our gratitude for his dedication and service.” The family has not revealed the cause of his death. He had previously acknowledged suffering from chronic obstructive pulmonary disease and a heart attack. Hartono and his brother Robert Budi Hartono grew their inherited family business into a conglomerate based in Central Java's Kudus regency, operating in banking, palm oil plantations, properties, electronics, telecommunications, and an e-commerce platform. Their flagship company PT Djarum produced dozens of domestic and international brands, primarily kretek, or clove cigarettes, including D
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