Anand Krishnan, richest man in Malaysia, whose son gave up Rs 95000 crore fortune to become monk, dies, his business was…

Ananda Krishnan dies: Malaysian billionaire Ananda Krishnan was a Harvard Business School grad and former oil trader, who built a multi-billion dollar empire from scratch. He died in November 2024 at age 86. 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 ($5.8 billion). Meet Tan Sri Ananda Krishnan, a self-made billionaire known for remarkable business acumen and philanthropy in the Southeast Asian country.

Who is Ananda Krishnan?

Tan Sri Ananda Krishnan, popularly known as AK in Malaysia’s business circles, made his fortune in the mid-80’s and early 90’s when he successfully built a multimedia empire following a jump into the entertainment business with the Live Aid concert alongside Bob Geldof, which earned him widespread recognition in the industry.

Respected entrepreneur Tan Sri Ananda Krishnan, noted by Forbes as the fourth wealthiest person in Malaysia, epitomizes the concept of a self-made billionaire. Lovingly referred to as AK, his entrepreneurial odyssey began with the creation of his consulting agency, MAI Holdings Sdn Bhd, based in his home country of Malaysia.

Philanthropic efforts of Ananda Krishnan

The less-public-figure Ananda Krishnan, recognized for his philanthropic efforts, fuels his various giving activities via his charity body, YCF. His dedication towards giving back to the community is notable. Not only in Malaysia but on an international level, the YCF foundation supports a variety of initiatives spanning from sports and education to arts and compassionate causes.