Ananda Krishnan, the elusive Malaysian billionaire known for his significant contributions to the corporate world and philanthropy, has passed away at the age of 86. His death was confirmed by his investment holding company, Usaha Tegas Sdn Bhd, which stated that he died peacefully on November 28, 2024.
Key Takeaways
- Ananda Krishnan was a prominent figure in Malaysia's business landscape, with a net worth of approximately $5.1 billion.
- He played a crucial role in establishing Petronas, Malaysia's national oil company, and was instrumental in the development of major telecommunications and media companies.
- Krishnan was known for his low profile and philanthropic efforts, including co-organizing the 1985 Live Aid concert.
Early Life And Education
Born on April 1, 1938, in Brickfields, Kuala Lumpur, Ananda Krishnan was the son of a civil servant with Sri Lankan roots. He pursued higher education in Australia and later earned an MBA from Harvard Business School. His early career began in oil trading, where he met influential figures that shaped his future.
Business Ventures
Krishnan's business empire spanned various sectors, including:
- Telecommunications: Founder of Maxis Communications, which became one of Malaysia's leading mobile network operators.
- Media: Established Astro Malaysia Holdings, a major pay-television and broadband provider.
- Energy: Played a role in the development of Bumi Armada, an oilfield services company.
His strategic partnerships and investments during the 1980s and 1990s helped him amass a fortune, making him one of Malaysia's wealthiest individuals.
Philanthropy And Legacy
Ananda Krishnan was not only a business mogul but also a philanthropist. He was known for his charitable contributions, which included:
- Live Aid Concert: Collaborated with Bob Geldof to organize the 1985 concert that raised $70 million for famine relief.
- Yu Cai Foundation: Established in 2015 to nurture talent and support educational initiatives.
His philanthropic efforts have touched many lives, and his legacy will be remembered in both the corporate and charitable sectors.
Personal Life
Despite his immense wealth and influence, Krishnan maintained a low profile throughout his life. He shuttled between Malaysia and France, where he spent time with his family. He is survived by a son, who is a Buddhist monk, and two daughters who have chosen not to pursue careers in his business empire.
Conclusion
Ananda Krishnan's passing marks the end of an era for Malaysian business. His contributions to the nation and the corporate world have left an indelible mark, and he will be remembered as a visionary leader who shaped the landscape of modern Malaysia.
Sources
- Bangkok Post – Malaysian tycoon Ananda Krishnan dies at 86, Bangkok Post.
- Billionaire tycoon Ananda Krishnan passes away, The Edge Malaysia.
- Malaysian billionaire Ananda Krishnan dies, aged 86, thesun.my.
