PETALING JAYA: Billionaire T Ananda Krishnan passed away today at the age of 86.
This was confirmed today by Usaha Tegas Sdn Bhd, the investment holding firm led by Ananda.
“It is with great sadness that we announce the demise of our chairman, T Ananda Krishnan, who passed away peacefully on Nov 28.
“He has made significant contributions to nation-building and the corporate world, and his philanthropic initiatives have touched many lives. We humbly ask that the family’s wishes to mourn in private be respected,” it said in a statement.
Ananda was listed as the third-richest person in Malaysia, after hotel and real estate magnate Robert Kuok and Hong Leong’s Quek Leng Chan, with a net worth of US$5.1 billion by Forbes in April.
A Harvard Business School alumnus, Ananda 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 Bumi Armada Bhd through Objektif Bersatu Sdn Bhd.
