Only son of Malaysia’s 6th richest billionaire Ananda Krishnan forgoes inheritance to become monk

Malaysian billionaire Ananda Krishnan leaves for lunch at the annual Allen and Co. conference at the Sun Valley, Idaho Resort July 11, 2013. Photo by Reuters

According to Hindustan Times, Ven Ajahn Siripanyo was born to Krishnan and his first wife Momwajarongse Suprinda Chakraban, who, as reported by Reuters, is a Thai princess.

At the age of 18, he chose to leave behind a life of luxury to ordain as a monk after traveling to Thailand to visit his mother’s family. What began as a temporary spiritual quest soon transformed into a lifelong commitment to monastic service. His father, a devout Buddhist and philanthropist, fully supported and respected his decision.

DNA India reported that Ven Ajahn Siripanyo follows the Theravada Buddhist tradition. According to Nation Thailand, the Theravada tradition teaches that monks are not permitted to accumulate personal wealth, as it hinders the pursuit of nirvana.

Though details about his current life are limited, the South China Morning Post reported that more than 20 years have passed, and Ven Ajahn Siripanyo is now the abbot of Dtao Dum Monastery, located along the Thailand-Myanmar border.

In keeping with one of Buddhism’s core principles emphasizing familial love, Ven Ajahn Siripanyo has maintained close ties with his father. He was once seen flying in a private jet to meet his father in Italy.

Additionally, reports suggest that he resides in a spiritual retreat on Penang Hill, which was purchased by his father. There, he continues his monastic practices while staying connected to his family.

Krishnan, who passed away on Wednesday at the age of 86, was ranked as the sixth-richest person in Malaysia, with an estimated net worth of US$5.1 billion, according to Forbes.

He left behind a vast business empire, including stakes in companies such as Malaysia’s largest telecommunications operator Maxis, satellite broadcaster Astro Malaysia, and oilfield services provider Bumi Armada.

The tycoon also held interests in India’s Aircel and Sri Lanka’s SLTMobitel.