Ananda Krishnan, the sixth richest man in Malaysia, passed away on November 28, 2024, at the age of 86. With a net worth of US$5.1 billion, he was ranked 671st on the Forbes list of the wealthiest individuals globally. Ananda Krishnan’s wealth was primarily derived from his roles as the founder and chairperson of Usaha Tegas, the founder of Astro Malaysia Holdings, and the founder of Yu Cai Foundation (YCF).
Ananda Krishnan was a visionary businessman who transitioned from traditional industries like oil trading and property development to the modern sectors of telecommunications and entertainment. His multimedia empire included companies like Maxis and MEASAT, in addition to Astro. Despite his financial success, Ananda Krishnan was known for being reclusive and maintaining a low profile.
Here are some lesser-known facts about Ananda Krishnan:
1. He majored in political science and had close ties with political elites like former prime minister Mahathir Mohamad.
2. He played a pivotal role in the development of iconic landmarks such as the Petronas Twin Towers.
3. His son, Ven Ajahn Siripanyo, renounced his wealth to become a Buddhist monk.
4. Ananda Krishnan gained popularity through his involvement in organizing the Live Aid concert, raising millions for charity.
5. He was a notable philanthropist, supporting education, arts, sports, and humanitarian causes in Malaysia.
While Ananda Krishnan faced criticisms and controversies during his lifetime, his impact on Malaysia’s business landscape and society is undeniable. His businesses are integral to everyday life in Malaysia, and his charitable contributions have touched countless lives. Despite being a private figure, Ananda Krishnan’s legacy of service will be remembered fondly by the Malaysian public. May he rest in peace.
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