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Indonesian Billionaire Michael Hartono Dies at 86

3/19/2026

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Summary

Story summary

Michael Hartono, Indonesian billionaire and major shareholder of PT Bank Central Asia, died at 86 in Singapore on March 19.
He and his brother Budi built a conglomerate and acquired Bank Central Asia during the 1990s crisis.
Under their leadership, BCA became the largest private bank.
His death follows scrutiny of wealthy families after a tax probe involving his nephew.
Hartono played bridge for Indonesia at the 2018 Asian Games.

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Story summary

Michael Hartono, Indonesian billionaire and major shareholder of PT Bank Central Asia, died at 86 in Singapore on March 19.
He and his brother Budi built a conglomerate and acquired Bank Central Asia during the 1990s crisis.
Under their leadership, BCA became the largest private bank.
His death follows scrutiny of wealthy families after a tax probe involving his nephew.
Hartono played bridge for Indonesia at the 2018 Asian Games.