Disclosing this in a statement, the family said he died in a US hospital in the early hours of Tuesday.
His death comes about five weeks after Felix, his brother, was buried.
The successful businessman also tried his hands in politics, contesting the 1983 governorship election of the old Bendel state. However, he lost to Samuel Ogbemudia.
Monday Igbuya, speaker of the Delta state house of assembly, has condoled with the Ibru family.
He described the deceased as a modest and strong businessman.
“Olorogun Micheal Ibru was a shrewd businessman with a good heart,” Igbuya said in a statement issued on his behalf by Henry Ebireri, his spokesman.
“Olorogun Michael Ibru as an international businessman, philanthropist, educator, a lover of children, grassroots organizer and community leader gained the respect, trust and love of the entire country and he will be greatly missed.”
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