Ananda Krishnan Malaysian Billionaire Dies At 86

Nov 28, 2024 Komal Das

Malaysian billionaire Ananda Krishnan, whose business interests ranged from oil and gas to telecommunications, has died at the age of 86, his private investment company said

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Anand was the richest Indian-origin person in Malaysia and the fourth richest in the country overall boasting a net worth of around Rs 45,339 crore

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Whereas no cause of death was given till now

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The tycoon shunned publicity but became internationally known in the mid-1980s when he helped finance the Live Aid concert organized by rock star Bob Geldof

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As a young entrepreneur, he first set up a business consultancy before venturing into oil trading and then the gambling sector. In the 1990s, he diversified into multimedia ventures

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Widely known by the nickname AK, he had stakes in companies as diverse as Malaysia's largest telecommunications operator Maxis MXSC.KL, satellite broadcaster Astro Malaysia ASTR.KL and oilfield services provider Bumi Armada BUAB.KL

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Once married to a Thai princess, Ananda spent most of his later years living in Europe

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The only son of Ananda Krishnan, Ven Ajahn Siripanyo has given up a fortune worth over $5 billion (₹40,000 crore approx) to embrace a life of spiritual simplicity

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