Ananda Krishnan was born on 1 April 1938 in Brickfields, Kuala Lumpur. He studied at VIvekananda Tamil School in Brickfields, KL and furthered his studies at Victoria Institution. As a Colombo Plan Scholar, he attended the University of Melbourne, Australia for his B.A. degree majoring in political science. During that time he boarded in the Melbourne suburb of Hawthorn. Following that, Krishnan obtained Master in Business Administration from Harvard Business School, graduating in 1964.
Krishnan's first entrepreneurial venture was a Malaysian consultancy
MAI Holding Sdn. Bhd. He set up Exoil Trading, which went on to purchase
oil drilling concessions in various countries. In 1990, he started
diversifying into the multimedia arena. Currently, he was business
interests in media (Astro, Johnston Press Plc), satellite (MEASAT, SES),
oil and gas (Bumi Armada, Pexco), telecommunications (Maxis, Aircel,
Axis, Sri Lanka Telekom). He owns stakes in Tanjong Public Limited
Company, an investment holding company with subsidiaries involved in
power generation (Powertek), gaming (Pan Malaysia Pools), leisure
(Tropical Islands, TGV cinemas).
Ananda Krishnan is the second richest person in Malaysia. He took a $
1.6 billion hit to his net worth in 2014-15, partly because of the slump
in shares of Bumi Ananda, an offshore oilfield services provider.
The sudden departure of Bumi's CEO in December 2014 sparked speculation
that he might take the company private. In February 2015, he bailed out
state-owned 1 Malaysia Development so that it could repay a $555
million load that, report say was guaranteed by his holding company,
Usaha Tegas Telecom assets make up more than half his wealth, led by his
controlling stake in Malaysia's Maxis.
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