Ananda Krishnan lost his spot in 2017 as Malaysia's second-richest person amid falling shares of his telecom outfit Maxis and oilfield-services-provider Bumi Armada.
He's now No. 3. In 2016 he agreed to merge his debt-laden Indian telecom firm Aircel with Indian billionaire Anil Ambani's Reliance Communications. But India's Supreme Court threatened to auction Aircel's spectrum because Krishnan hasn't skilled summons during a long-running federal investigation of how he had acquired Aircel. (Krishnan has denied any wrongdoing). In another setback, Krishnan's key lieutenant, Augustus Ralph Marshall, who is additionally embroiled within the same case, has left the group during a reportedly acrimonious parting. And Saudi Telecom is claimed to be mulling the sale of its 16.2% stake in Maxis. Krishnan has an M.B.A. from Harvard graduate school . His only son may be a Buddhist monk in Thailand."
Ananda Krishnan, a Malaysian tycoon of Tamil descent, has been a prominent figure in the business world for many years. He has frequently appeared on Forbes' list of the world's billionaires due to his significant investments and holdings in various industries.
Ananda Krishnan's business empire spans across sectors such as telecommunications, media, and oil and gas. He is the founder and chairman of Usaha Tegas, a diversified conglomerate with interests in telecommunications through Maxis Communications, media through Astro Malaysia Holdings, and other ventures.
His success in business has made him one of the wealthiest individuals not only in Malaysia but also in the world. Over the years, his net worth has fluctuated based on market conditions, business performance, and other factors, but he has consistently been recognized as a billionaire by Forbes.
Being of Tamil descent, Ananda Krishnan's achievements have also been a source of pride for the Tamil community in Malaysia and around the world. His entrepreneurial spirit, business acumen, and ability to navigate complex markets have earned him respect and admiration from his peers and competitors alike.
While the exact ranking and net worth of Ananda Krishnan on Forbes' richest list may vary from year to year, his presence on the list serves as a testament to his enduring success and influence in the global business landscape.
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