⬅ # 653 Mitchell Rales|# 655 Gigi Pritzker

# 654 Ananda Krishnan 


Real Time Net Worth
as of 5/27/2024
-$16.3M (-0.33%)

# 654 Ananda Krishnan 


Real Time Net Worth
as of 5/27/2024
-$16.3M (-0.33%)
OccupationFounder and Chair, Usaha Tegas
Source of WealthTelecoms, Media, Oil-Services
ResidenceKuala Lumpur, Malaysia
Marital StatusMarried
EducationMBA, Harvard University; BS, Melbourne University
Age-Adjusted Net Worth$842.55M
Ananda Krishnan
Ananda Krishnan
Net worth: $4.89B

Self-Made Score 

Wealth History

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Ananda Krishnan, a Harvard Business School graduate and former oil trader, is a Malaysian-Tamil entrepreneur known for his diverse business holdings.
He is most recognized for his stakes in telecom giant Maxis, media conglomerate Astro Malaysia Holdings, and oilfield services-provider Bumi Armada.


Born on April 1, 1938, in Brickfields, Kuala Lumpur, Ananda Krishnan traces his roots to Jaffna, Sri Lanka.
He attended Vivekananda Tamil School and Victoria Institution in Kuala Lumpur before pursuing a B.A. (Honours) degree in political science at the University of Melbourne as a Colombo Plan scholar.
Krishnan later earned his Masters in Business Administration from Harvard Business School in 1964.
A follower of Buddhism, he has three children, including a son, Ven Ajahn Siripanyo, who is a Theravada Buddhist monk.


Krishnan's entrepreneurial journey began with Malaysian consultancy MAI Holdings Sdn Bhd, followed by ventures into oil trading and gambling.
He diversified into multimedia in the early 1990s, expanding into media (Astro), satellite services (MEASAT), oil and gas (Bumi Armada), and telecommunications (Maxis, Sri Lanka Telecom).
He also holds stakes in leisure (TGV Cinemas) and property (Maxis Tower) through Tanjong Public Limited Company.
His multimedia empire includes telecom companies like Maxis Communications and MEASAT Broadcast Network Systems, along with stakes in TVB.com and Shaw Brothers movie archives.


Ananda Krishnan channels his wealth into philanthropy, supporting education, arts, sports, and humanitarian causes in Malaysia.
Through Usaha Tegas, his company, he established the Harapan Nusantara education fund and the Yu Cai Education Foundation, benefiting students and ethnic Chinese groups.
His media company Astro initiated a scholarship program, and he contributed to the Montfort Girls Centre for orphaned and underprivileged girls.
He was featured on Forbes' list of 48 Heroes of Philanthropy in 2010 and launched the Yu Cai Foundation in 2015, providing scholarships for Mandarin-based schools and grants for language studies.

Personal Life

Ananda Krishnan shuns public exposure, maintaining a low profile despite his significant stature as a billionaire entrepreneur.
He resides in Kuala Lumpur, Malaysia, where he leads Usaha Tegas Sdn. Bhd., a prominent investment holding company.

How long would it take you to become as rich as Ananda Krishnan?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Ananda Krishnan's net worth of $4.89B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ananda Krishnan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ananda Krishnan, Telecoms, Media and Oil-Services are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey