Indonesian billionaire known for Asia's biggest default dies at 98

Sinar Mas Group Founder Eka Tjipta Widjaja, who had a net worth of $9.3 billion, passed away on Saturday in the Indonesian capital Jakarta at the age of 98. The Indonesian tycoon of Chinese origin is known for the $14-billion default by his flagship Asia Pulp & Paper, the worst corporate default in Asia, after the 1998 Asian financial crisis.