Malaysian tycoon Ananda Krishnan passed away peacefully today, on 28 November 2024, at the age of 86. News of his death was announced in a short statement by his investing holding company, Usaha Tegas Sdn Bhd.
“He has made significant contributions to nation building and the corporate world; and his philanthropic initiatives have touched many lives,” it said in the statement. “We humbly ask that the family’s wishes to mourn in private be respected.”
Ananda was ranked Malaysia’s sixth-richest man by Forbes in April, with a net worth of US$5.1 billion (~RM22.66 billion). His rise to prominence was closely linked to the country’s economic boom of the 1980s and 1990s.
The tycoon founded Malaysia’s second-largest mobile operator, Maxis Bhd, as well as broadcasting and media company Astro Malaysia Holdings Bhd. He also held a substantial stake in oil field services provider firm Bumi Armada Bhd.
(Source: Bernama)
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