Ananda Krishnan
Ananda Krishnan
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Ananda Krishnan

Tatparanandam Ananda Krishnan (Tamil: தத்பராநந்தம் ஆநந்தகிருஷ்ணன்; 1 April 1938 – 28 November 2024), also known by the initialism A. K., was a Malaysian entrepreneur who was a founder and chairperson of Usaha Tegas and founder of Yu Cai Foundation (YCF).

At the time of his death, he was estimated to have a net worth of US$5.1 billion according to Forbes making him the 671th wealthiest person in the world and 3rd richest in Malaysia. Ananda Krishnan shunned public exposure and was known to maintain a low profile for a person of his stature.

Ananda Krishnan was born on 1 April 1938 in Brickfields, Kuala Lumpur to Tamil parents and has his roots in Jaffna, Sri Lanka. He studied at Vivekananda Tamil School in Brickfields and furthered his studies at Victoria Institution, Kuala Lumpur. Later, as a Colombo Plan scholar, he attended the University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. During that time, he boarded in the Melbourne suburb of Hawthorn. Following that, Krishnan obtained a Master of Business Administration from Harvard Business School, graduating in 1964.

Krishnan was a follower of Buddhism and had three children, two daughters and a son. His only son, Ven Ajahn Siripanyo is a Theravada Buddhist monk.

Contrary to many misconceptions, Ananda Krishnan was not awarded any federal or honorific titles.

Krishnan's first entrepreneurial venture was a Malaysian consultancy MAI Holdings Sdn Bhd. He set up Exoil Trading, which went on to purchase oil drilling concessions in various countries. Later, he moved into gambling (in Malaysia). In the early part of the 1990s, he started diversifying into the multimedia arena.

He had business interests in media (Astro), satellite (MEASAT), oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Sri Lanka Telecom). He owned stakes in Tanjong Public Limited Company, an investment holding company with subsidiaries involved in leisure (TGV Cinemas) and property (67% Maxis Tower etc.).

Krishnan first came to prominence by helping to organise the Live Aid concert with Bob Geldof in the mid-1980s. In the early 1990s, he began building a multimedia empire that now includes two telecommunication companies—Maxis Communications, MEASAT Broadcast Network Systems and SES World Skies—and has three communication satellites circumnavigating the Earth.

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