Forbes magazine recently published their 2017 Billionaires List where Tamil entrepreneur Ananda Krishnan is listed at #219 out of 2,043 billionaires with a net worth of $6.5 B.
TC previously covered his story: Ananda Krishnan: The Richest Tamil in the World
“Ananda Krishnan lost his spot in 2017 as Malaysia’s second-richest person amid falling shares of his telecom outfit Maxis and oilfield-services-provider Bumi Armada. He’s now No. 3. In 2016 he agreed to merge his debt-laden Indian telecom firm Aircel with Indian billionaire Anil Ambani’s Reliance Communications. But India’s Supreme Court threatened to auction Aircel’s spectrum because Krishnan hasn’t responded to summons in a long-running federal investigation of how he had acquired Aircel. (Krishnan has denied any wrongdoing). In another setback, Krishnan’s key lieutenant, Augustus Ralph Marshall, who is also embroiled in the same case, has left the group in a reportedly acrimonious parting. And Saudi Telecom is said to be mulling the sale of its 16.2% stake in Maxis. Krishnan has an M.B.A. from Harvard Business School. His only son is a Buddhist monk in Thailand.”
Ananda wasn’t the only Tamil to be featured in Forbes’ list this year. The riches Tamil in the world, Shiv Nadar, ranks at #102 this year. Read his story below.