Malaysian billionaire Ananda Krishnan’s death sparks questions over succession in vast business empire
His daughters’ interest in the business is unclear, his monk son has renounced wealth, and a professional team ensures operations continue with minimal disruption
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[KUALA LUMPUR] The death of reclusive billionaire T Ananda Krishnan, one of Malaysia’s richest tycoons and business icons, has sparked intrigue over the future of his multibillion-dollar business empire.
While analysts expect minimal impact on his Malaysian-listed companies – leading telco Maxis, prominent broadcaster Astro Malaysia and global oilfield services provider Bumi Armada – due to robust professional management, questions remain about who will inherit and lead the sprawling conglomerate.
The tycoon, widely known as AK or TAK in close circles, died on Nov 28 at the age of 86 after a prolonged battle with lung disease.
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