Ananda Krishnan

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Ananda Krishnan
Native name த. ஆனந்தகிருஷ்ணன்
Born Tatparanandam Ananda Krishnan
(1938-04-01) 1 April 1938 (age 80)
Brickfields, Kuala Lumpur, British Malaya (modern-day Malaysia)
Citizenship Malaysia
Occupation Sole Shareholder & Chairman, PanOcean Management Ltd
Chairman, Usaha Tegas Sdn Bhd
Net worth Increase $6.4 billion (2018)[1]
Children 3

Tatparanandam Ananda Krishnan (Tamil: த. ஆனந்தகிருஷ்ணன்) (born 1 April 1938) is a Malaysian businessman and philanthropist. Nicknamed A.K., currently he is estimated to have a net worth of US$6.7 billion[1] according to Forbes' latest annual list of wealthiest people, making him the third-wealthiest in Malaysia and number 219 in the world.

Ananda Krishnan shuns public exposure[2] and is known to maintain a low profile for a person of his stature.

The Central Bureau of Investigation of India sought arrest warrants for Ananda Krishnan for money laundering[3] and was involved with financing the controversial 1MDB.[4]

Biography[edit]

Ananda Krishnan was born in 1938 in Brickfields, Kuala Lumpur to Tamil parents, who were of Sri Lankan origin. 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 Masters in Business Administration from Harvard Business School, graduating in 1964.[5]

Krishnan has two daughters and a son who is also a Theravada Buddhist monk known as Ajahn Siripanyo.[6][7]

Entrepreneurship[edit]

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.

Currently, he has business interests in media (Astro, Johnston Press Plc), satellite (MEASAT, SES), oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Aircel, Axis, Sri Lanka Telecom). He owns stakes in Tanjong Public Limited Company, an investment holding company with subsidiaries involved in power generation (Powertek), gaming (Pan Malaysian Pools), leisure (tropical islands, TGV Cinemas) and property (67% Maxis Tower etc.).

Multimedia[edit]

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.

He effected the purchase of 46% of Maxis Communications, the country's largest cellular phone company, from América Móvil, AT&T Corporation, British Telecom, Belgacom, Ooredoo, Orange S.A. and Royal KPN N.V. for $1,180 million—raising his stake to 70%. Maxis has more than ten million subscribers, with around 40% market share in Malaysia. He also owns stakes in Aircel, Axis and Sri Lanka Telecom.

In an agreement between Astro and India's Sun Network, Krishnan plans to produce TV channels which cater to the Indian market, especially Tamil people in countries such as US, Western Europe and Middle East. He also plans to offer TV services featuring Web-based interactivity. Ananda Krishnan owns stakes in TVB.com and the Shaw Brothers movie archives.

See also[edit]

References[edit]

  1. ^ a b "Forbes List of Billionaires 2011". Forbes. Retrieved 20 February 2012.
  2. ^ "Who is Ananda Krishnan?". Sundaytimes. 27 May 2007. Archived from the original on 13 May 2008. Retrieved 26 May 2008.
  3. ^ Kanyakumari, D. (2 August 2016). "India's CBI seeks arrest warrants for Ananda Krishnan, three others". The Star. Retrieved 2 August 2016.
  4. ^ "1MDB repays RM2b loan arranged by tycoon Ananda Krishnan". Malaysiakini. 18 April 2016. Retrieved 18 April 2016.
  5. ^ "Ananda Krishnan". Forbes. Archived from the original on 18 May 2008. Retrieved 26 May 2008.
  6. ^ "The monk who flew in a jet". Business Bhutan. 1 January 2011. Archived from the original on 20 July 2016. Retrieved 25 December 2015.
  7. ^ Chow, Tan Sin (24 April 2012). "Ananda Krishnan makes time for son". The Star. Retrieved 25 December 2015.

External links[edit]