Ananda Krishnan Net Worth, Married to Thai Princess, Sixth Richest of Malaysia, King of Oil, Gas, Telecom… How much do you know about AK? – malaysian billionaire ananda krishnan dies at 86 named in aircel maxis deal

by times news cr

Kuala lumpur: Malaysian billionaire businessman Anand Krishnan⁢ has died at the age of 86. He was also known as AK⁢ in Malaysia. his businesses span ​from oil and⁤ gas to telecommunications. Krishnan’s death has been confirmed by his private ⁣investment company. The company has not given any reason⁢ for his death. Anand ​Krishnan ​always‍ avoided publicity. Though, his fame reached international prominence in the mid-1980s ⁤after financing the ‍Live⁤ Aid concert organized by rock star Bob Geldof.

Coin used to circulate in oil⁢ and telecom sector

As a young entrepreneur,he founded a business consultancy⁣ firm before moving into oil trading and⁤ then gambling.In the 1990s, he diversified into ⁤multimedia ventures. Anand Krishnan,⁣ popularly known as AK, had stakes in several big companies such as Malaysia’s largest telecom operator Maxis, satellite broadcaster Astro Malaysia and oilfield service provider Bumi Armada. He also had⁣ stakes in India’s Aircel and Sri Lanka’s SLTMobitel.

Krishnan was close to Mahathir Mohammed

Anand was a founding director of state oil company petronas and was close to former Prime Minister Mahathir Mohamad.It was Anand Krishnan who sold the idea‌ of ​​building‌ the iconic 88-storey Petronas ⁢Twin Towers to the former Prime⁣ Minister in the early 1990s. According to Forbes,Anand Krishnan was the sixth richest man in Malaysia wiht a net⁢ worth of $5.1 ​billion. Anand always tried to keep himself⁣ a low profile.

Name came in Aircel-Maxis deal

Anand Krishnan’s name also ⁤came up⁢ in ⁤the case of alleged corruption in the Aircel-Maxis deal⁤ in ‍2014. Though,⁤ Maxis denied any wrongdoing. This matter is still going on in the court. Ananda Krishnan was the son of a senior official during the British rule, who was transferred from Sri Lanka to British Malaya. Because of this very reason Anand ‌grew up in Kuala Lumpur and received a Master of​ Business Administration from Harvard Business ‌School in 1964.After ⁢marrying a‍ Thai princess, Anand ⁢spent most of his time in Europe.

How did Anand Krishnan’s‌ philanthropic efforts influence his ⁣legacy and business reputation?

Interview: Remembering Anand Krishnan: A ‌Legacy in⁢ Business ⁣and ⁢Beyond

Time.news Editor: Today,⁢ we delve into the life and impact ​of the late Malaysian billionaire ⁣Anand Krishnan, affectionately ⁤known ⁤as AK. Joining us is industry expert Dr. Sarah Lim, a business analyst with ​extensive knowledge of the Malaysian ‌economic landscape. Thank you for being here,Dr. Lim.

Dr. Sarah lim: thank you‍ for ⁤having me.

Time.news Editor: Anand Krishnan’s death at the age of 86 marks the end of an era for Malaysian ‌business. Can⁣ you summarize his contributions too the industries he was involved in?

Dr. Sarah Lim: Anand Krishnan’s​ influence⁢ is deeply ingrained in​ several significant sectors, including oil, ⁤gas, and telecommunications. As the founding director of Petronas, he played a crucial role in the establishment and growth of Malaysia’s state⁣ oil company. ⁢His ventures in telecommunications with Maxis ‍and Astro Malaysia ‌transformed the ‌industry and made telecommunications more accessible. ​additionally, his early forays ​into multimedia ventures during the 1990s showcased his ability⁢ to adapt ‌and innovate in a ⁤rapidly changing‌ market.

Time.news Editor: He was famously known for ‍financing the Live ⁢Aid concert in ‍the mid-1980s, bringing him international fame. How⁢ did this ⁢event impact ​his business reputation?

Dr. Sarah Lim: Financing the Live Aid concert ⁣certainly put him in the global spotlight, adding an element of philanthropy to his business persona.It painted him ​as‌ not just ⁢a businessman but a socially conscious leader, responsible for contributing to a significant cause. This ⁢alignment with such‍ a prominent ⁢global event helped elevate his profile, showing that he could blend corporate ‍success‌ with impactful social​ responsibility. ⁣

Time.news Editor: Anand was‌ known for his low profile, often avoiding the limelight. How‌ does this approach‍ affect‌ business leaders today?

Dr. Sarah‌ Lim: Anand’s discretion is a pattern that many ​successful business⁢ leaders follow. It allows them to focus on their‍ work without the distractions of public ‍scrutiny. In today’s hyper-connected world, where social media can amplify every action, maintaining such an approach can⁣ provide a buffer against negative press. It also allows them to build ⁢credibility ⁢based on their business outcomes rather than personal fame, which can⁢ be quite beneficial in the long run.

Time.news Editor: His connection‍ to Mahathir Mohamad is noteworthy, ⁢especially in relation to the Petronas Twin⁣ Towers project. What does this signify about political ⁤ties in business?

Dr. ​Sarah Lim: Anand’s close ‌relationship with former Prime Minister Mahathir Mohamad highlights the often intertwined nature of business and politics in Malaysia. ⁤Political alliances can be ​essential⁤ for advancing projects of⁣ significant national interest, like the Petronas Twin Towers, ‌which became an international symbol of Malaysia. While beneficial, these ties can also lead to scrutiny, as seen in the ongoing aircel-Maxis corruption case.It emphasizes the​ importance for​ business leaders to navigate​ these relationships carefully.

Time.news Editor: Anand Krishnan ‌was listed ⁤as the‍ sixth richest ⁣man in Malaysia with a net worth of $5.1 billion. What key takeaways can ⁣aspiring entrepreneurs learn from his journey?

Dr. Sarah Lim: One major takeaway is the importance of diversification. Anand successfully⁣ ventured across various industries, which mitigated risk and maximized growth potential. Additionally, education played a critical role⁤ in his success;⁣ his MBA from Harvard was foundational. Aspiring entrepreneurs should seek⁢ continuous learning ⁣and be open to exploring new opportunities. Lastly, staying grounded and discreet, much like Anand, can ‌assure a focus on long-term goals amid potential distractions.

Time.news Editor: Thank you, Dr. Lim,for sharing your insights on Anand Krishnan. His legacy certainly ‌provides⁢ valuable lessons ⁢for current and future business leaders ⁢in Malaysia and beyond.

Dr. Sarah Lim: Thank you for having me. Anand Krishnan’s impact will continue‍ to resonate within the business community for ⁤years to come.

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