Indonesian billionaire and tobacco tycoon dies aged 86
Indonesia's richest man, Michael Bambang Hartono (MBH), has died on Thursday at age 86 following a long career building the Djarum cigarette conglomerate into one of Southeast Asia's largest business empires before becoming its biggest private lender through his role as controller shareholder in Bank Central Asia.
Key Points
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1Michael B. Mardjoko (MBH), known as TBK or Toblerone in some contexts due to his nickname 'Tobacco King', was Indonesia's richest man at 86 years old.
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2He passed away on Thursday, March 20th
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3TBK helped transform the Djarum cigarette company into one of Asia's largest business empires before becoming a controlling shareholder of Bank Central Asia
Developments
Perspectives
Michael B. Hartono is described as a tobacco tycoon and has died at 86.
— [Mar 19, 02:35] Michael Bambang Hartono dies (The Guardian)"Indonesia's richest man" who helped turn the Djarum cigarette company into one of Indonesia's largest business empires later became a controlling shareholder of Bank Central Asia has died.
— [Mar 19, 02:35] Michael Bambang Hartono dies (The Guardian)"Tauke keretek" or "cigarette tycoon", Djarum is the company he owned and which was one of Indonesia's largest business empires before his death.
— [Mar 19, 02:35] Michael Bambang Hartono dies (The Guardian)"Michael B. Hartono" died at age "86", on Thursday in Jakarta according to the AP report which was published by Nikkei Asia and other outlets around that time.
— [Mar 19, 02:35] Michael Bambang Hartono dies (The Guardian)"Indonesia's richest man" died at age "86", on Thursday in Jakarta according to the AP report which was published by Nikkei Asia and other outlets around that time.
— [Mar 19, 02:35] Michael Bambang Hartono dies (The Guardian)Michael Bambang Hartono died at a Singapore hospital on Thursday after suffering from chronic obstructive pulmonary disease; his cause of death was not officially revealed but he had previously experienced heart attacks as part of the family's legacy in Indonesia through companies like PT Djarum and Bank Central Asia.
Indonesian billionaire Michael Bambang Hartono died at 86 on Thursday after running one of Indonesia's largest conglomerates with his brother Robert Budi Hartono for over six decades; their family fortune is estimated to be $43.8 billion and they hold a majority stake in Bank Central Asia, the country's biggest bank.
Michael Bambang Hartono (Bambang), the Indonesian billionaire who built Djarum and controlled Bank Central Asia, died at a Singapore hospital. He was 86 years old when he passed away on Thursday afternoon following his long career as one of Indonesia's most influential business leaders in tobacco banking sectors respectively