Malaysian tycoon Ananda passed away at the age of 86.

According to the obituary released by the investment holding institution Usaha Tegas founded by Ananda, the Chairman Ananda Krishnan peacefully passed away on November 28th.

"He made significant contributions to the country's development and the business sector, his charitable activities have impacted many people's lives."

It is mentioned in the text, please respect the wishes of the family members, allowing them to mourn and remember the deceased in privacy.

It is rumored that Ananda passed away in France.

According to previous reports, although his business is mainly concentrated in Malaysia, he mostly resides in the south of France, only occasionally returning to his hometown Kuala Lumpur.

Ananda, known as the Malaysian communication tycoon, holds key stakes in Maxis and Astro. In the 2023 South Asian Rich List, he ranks as the 7th wealthiest in Malaysia with a fortune of 9.88 billion ringgit, also the richest non-Chinese.

According to the information, Ananda Krishnan remains the largest shareholder of these two listed companies, holding over 62% equity in Maxis and 23.9% equity in Astro.

Looking back, Ahmad Kamaruzaman was born in 1938 and raised in Kuala Lumpur, then obtained a master's degree from Harvard Business School.

In his early years, he had a deep friendship with the former Prime Minister, Dr. Mahathir, during the latter's tenure, Ahmad Kamarulzaman obtained multiple licenses for telecommunications, satellites, and broadcasting operations.

Little known is that he was also a founding director of Petronas, the national oil company, and served as a director of the national banks from 1982 to 1987.

The iconic Petronas Twin Towers in Malaysia, known worldwide, originated from his concept.

Despite being a billionaire, his son has no desire to inherit his father's vast business empire, showing no attachment to wealth, and has now become a monk.

As for Ahmad Kamarulzaman's business, it has always been managed by professional managers. He has always kept a low profile and has not appeared in the public eye for many years.

In 2015, Ahmad Kamarulzaman established the Education Fund aimed at helping students unleash their best potential academically and professionally.