– Chairman and CEO of Usaha Tegas Group Holdings Bhd. – Founder of Maxis Communications, Exoil Trading, and several other ventures
Primary Industries
– Telecommunications (Maxis Communications) – Oil Trading (Exoil Trading) – Energy (Powertek) – Entertainment and Gaming
Net Worth
Estimated at $11.7 billion (2023)
Major Contributions
– Pioneered growth in Southeast Asia’s telecom sector with Maxis – Diversified business portfolio in telecommunications, energy, satellite, and property
Personal Interests
– Prefers a private lifestyle – Enjoys yachting and fishing
Philanthropy
Usaha Tegas supports education, arts, and sports programs
Significance
Known as one of Asia’s most influential business leaders with diverse, pioneering business ventures that shaped the corporate landscape in Southeast Asia
Interesting Facts
– Krishnan maintains a low profile despite his wealth – Owns properties worldwide, including estates in Australia, France, and London
Ananda Krishnan: The Man Behind the Wealth
He is one of Asia’s finest business giants. A sharp business mind has been his strongest accompaniment to this day, while the man himself always preferred a silent, rather low-profile lifestyle. Today, he is Chairman and CEO of Usaha Tegas Group Holdings Bhd., commanding an empire so vast that he stands out as the sixth richest in Asia and Southeast Asia’s richest billionaire. His journey to reach such heights is definitely nothing but an inspiring tale.
Born to Sri Lankan Tamil parents in Kuala Lumpur, Malaysia, Krishnan proved to be very forthcoming with business acumen early on in his life. His dedication to study made him take his MBA from Harvard University. This formed a great educational foundation that would work in his favor when he was making wise business decisions by tapping into the right, actual skills. So what’s the big deal that he does all this; he still keeps back from the limelight.
One of the biggest reasons Krishnan was rolling in it was Maxis Communications, Malaysia’s top telecom operator. With over 11 million subscribers and a massive revenue of $8.9 billion, Maxis propelled Krishnan into Southeast Asia’s corporate elite. Of course, Maxis wasn’t the only reason for all this good fortune. Indeed, earlier in his career, Krishnan had gotten himself into the oil business, founding Exoil Trading, his first really big venture. This allowed him to raise capital that he would then invest in other industries, such as gambling and even running a cartoon studio. He shows such high-degree versatility and vision by switching between different fields.
Krishnan does not stop at just telecom or oil. His company, Usaha Tegas, varies in investments from Tanjong Public Limited Company, Pan Malaysian Pools, and Powertek to gaming, including energy production. Not to mention satellite tech and property development as well as more oil trading. Krishnan’s net worth is $11.7 billion, and his desire for growth seems bottomless.
Despite his plenty, Krishnan is living an increasingly quiet life. He owns luxury properties around the world, including an 1,800-hectare estate in rural Australia and homes in France and London. Krishnan enjoys the finer things of life – time spent on his yacht and fishing are among his favorite pastimes – but he likes to keep his personal life very private. He is married with three children, but true to form, he doesn’t share much about his family with the public.
While developing his business empire, Krishnan is also committed to giving back. His business, Usaha Tegas, supports numerous charitable causes aimed at education, the arts, and sports. This only proves that even with all successes, he hasn’t forgotten how to help others.
ananda Krishnan’s is quintessentially a story of pluck, smart decision-making, and staying humble. No doubt, he keeps a low profile, but that doesn’t take away from the magnitude of his impact on business and society.
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