Ananda Krishnan Overthrows Robert Kuok as the Richest Man in Malaysia

 photo ananda-krishnan_zps123ef841.jpgNew richest man in Malaysia

Telco magnet Ananda Krishnan has officially become the richest man in Malaysia at the turn of year 2013. His latest net worth, estimated to be around RM30.56 billion, is enough to displace “Sugar King” Robert Kuok to second place. The latter’s combined net worth is evaluated at RM29.4 billion.

The Chinese Nanyang Siang Pau carried the research in coming up with this latest richest-men list.

Robert Kuok has been the country’s richest man for four years running, before this latest published results. He was estimated to worth about RM45.7 billion last year, before seeing his wealth significantly plummeted within 12 months period.

Ananda Krishnan was born and raised in Brickfields, Kuala Lumpur, to Sri Lankan immigrant parents. He has been a bright student since small; he did well in school and graduated with flying colors in tertiary institutions. He obtained his degree in Melbourne, Australia and completed his MBA from the renowned Harvard University.

Ananda’s enterprising values had begun not long after his graduation. Before settling into the entertainment, telco and media businesses, he started exploring oil and gas and gambling industries. His current business interest include in Astro, Measat, Bumi Armada, Maxis, Tanjong PLC, Powertek and TGV Cinemas.

Ananda received a major boost in his wealth when Astro was successfully listed in the Bursa Malaysia last year. But last year has not been the easiest year for him either. In mid of 2012, his right-hand man in his Indonesia business, Ralph Marshall, was put in the country’s police most-wanted list.

Malaysia’s richest men in 2013 and their wealth:

  1. Ananda Krishnan, Usaha Tegas (RM30.56 billion)
  2. Robert Kuok, Kuok Grop of Companies (RM29.40 billion)
  3. Teh Hong Piow, Public Bank (RM15.10 billion)
  4. Lee Shin Cheng, IOI Group (RM14.68 billion)
  5. Lim Kok Thay, Genting Group (RM14.17 billion)
  6. Quek Leng Chan, Hong Leong Group (RM10.42 billion)
  7. Yeoh Tiong Lay, YTL Corporation (RM9.75 billion)
  8. Syed Mokhtar al-Bukhary, Yayasan al-Bukhary (RM9.14 billion)
  9. Azman Hashim, AmBank Group (RM4.18 billion)
  10. Lee Oi Hian, Batu Kawan Berhad (RM3.95 billion)

[image: bornrich.com]

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