Malaysian billionaire tycoon Ananda Krishnan dies at age 86

Malaysia’s Kuala Lumpur (AP) One of Malaysia’s wealthiest tycoons, Ananda Krishnan, passed away. His extensive economic empire encompassed media, telecommunications, real estate, and petroleum. He was eighty-six.

According to Usaha Tegas, his investment holding company, he died quietly on Thursday and his family asked for privacy. The reason of death was not stated.

Both the corporate world and nation-building benefited greatly from Ananda’s initiatives. According to a statement, his charitable endeavors have had a profound impact on several lives.

With a net worth of $5.1 billion (22.6 billion ringgit), Forbes named Ananda the sixth richest man in Malaysia.

Ananda, a Harvard Business School alumnus born on April 1, 1983, began his career in oil trading before branching out into other industries. Among other companies, he held stock in media company Astro, satellite services company Measat, oil services company Bumi Armada, and telecoms company Maxis.

According to local media, Ananda became intimately affiliated with then-Prime Minister Mahathir Mohamad in the 1980s and 1990s, when he made the majority of his income.

The official news agency Bernama said Friday that he sold Mahathir the concept to build the 88-story Petronas Twin Towers. He was a founding director of the state oil company Petronas. Ananda was given the task of overseeing its development, turning a horse racing track into the iconic structure that altered Kuala Lumpur’s skyline forever.

Ananda made donations to humanitarian projects, sports, the arts, and education in Malaysia.

His finances took a hit in 2018, according to the Edge newspaper, when Indian police connected him to a high-profile corruption investigation involving senior government officials. He and his previous deputy, Ralph Marshall, had arrest warrants issued for them in India, but neither was captured or extradited to face charges.

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According to local media, despite his achievements, Ananda stayed out of the spotlight by living with his wife in France and Malaysia. In Thailand, his lone son is a Buddhist monk. Neither of his two daughters works for him.

In his homage to Ananda, Prime Minister Anwar Ibrahim stated that his contributions to society, philanthropy, and the business sector would undoubtedly be remembered.

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