Indonesian Tycoon Michael Bambang Hartono Passes Away

0:00Hey, it's Corey. With the story with Global News today, the world's biggest stories, every day. Indonesian billionaire Michael BamBang Hartono has passed away at the age of 86. He led the Jerome Group alongside his younger brother, Robert Booty Hartono. One of the country's largest conglomerates. The family shared the news on Instagram, expressing deep sorrow and gratitude for his lifelong dedication. The cause of his death remains unclear. Together, the brother's top Indonesia's rich list, with a combined fortune of about $43 billion, $800 million, according to recent Forbes estimates, they took over the family business in 1963 after their father's death. Starting with clove cigarettes in the world's second largest tobacco market, they grew it into electronics, food, palm oil, telecom towers, and tech. Ventures now handled by younger relatives. A big part of their wealth comes from a majority stake in bank Central Asia.

1:00Indonesia's largest bank worth over $50 billion in market. Value. They also bought Italy's Como Football Club in 2019 and made smart investments after the 1998 Asian financial crisis. The tycoon stayed active in bridge, competing at 84 and earning a bronze medal at the Asian Games in Jakarta. He often compared the game's strategy to business decisions, like gathering data and planning ahead. This episode is brought to you by our sponsor. See the episode description. What is cooler than cool? A pillow that plays your sound. S-O-L-I-SOLYPILLO.COM