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class="bold">Synopsis</div><h2 class="summary">Malaysian billionaire Ananda Krishnan, known for his telecom, oil, and media empire, passed away, leaving behind a legacy of corporate innovation and philanthropy. His only son, Ven Ajahn Siripanyo, renounced his claim to a $5 billion fortune to become a Buddhist monk. Raised in London and connected to Thai royalty through his mother, Siripanyo chose simplicity over wealth, living as a forest monk near the Thailand-Myanmar border. His journey resonates as a rare blend of privilege and profound spiritual dedication.</h2></div><article competitionClients="" currency_ad="1" data-apw="1" class="artData clr paywall"><div class="imgBox"><figure class="artImg"><img height="225" width="300" alt="Tan Sri Ananda Krishnan" src="https://img.etimg.com/thumb/msid-115760353,width-300,height-225,imgsize-21102,resizemode-75/tan-sri-ananda-krishnan.jpg"><span class="imgAgency">Agencies</span><figcaption class="figCap">Tan Sri Ananda Krishnan</figcaption></figure></div><div data-brCount="23" class="artText"><a ref="dofollow" data-ga-onclick="Inarticle articleshow link click#News#href" href="/topic/ananda-krishnan" target="_blank">Ananda Krishnan</a>, one of Malaysia's wealthiest individuals with a business empire spanning telecommunications, satellites, media, oil, gas, and real estate, passed away, according to a statement from his private investment firm, <a ref="dofollow" data-ga-onclick="Inarticle articleshow link click#News#href" href="/topic/usaha-tegas" target="_blank">Usaha Tegas</a>. His only son, Ven <a ref="dofollow" data-ga-onclick="Inarticle articleshow link click#News#href" href="/topic/ajahn-siripanyo" target="_blank">Ajahn Siripanyo</a>, recently made headlines by renouncing his claim to a $5 billion inheritance at the age of 18 to dedicate his life to <a ref="dofollow" data-ga-onclick="Inarticle articleshow link click#News#href" href="/topic/buddhist" target="_blank">Buddhist</a> monasticism.<br><br><style> #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} </style>The firm highlighted his contributions, stating, "He has made significant contributions to nation-building and the corporate world; and his philanthropic initiatives have touched many lives."<br><div data-mid-newpos-mgid="mgid_115759996" id="div-mgid-mid-newpos-115759996"></div><br>Krishnan, often referred to as AK, was Malaysia’s third-richest individual, with a net worth exceeding ₹40,000 crore (over US$5 billion), according to the South China Morning Post. Beyond his corporate achievements, he was a philanthropist and a devout Buddhist, values reflected in his family’s approach to life.<br><div style="margin-bottom:45px;" class="adBox custom_ad nonm taboola" data-taboola="taboola_115759996"><div class="colombia colombiaAd" data-section="0" data-position="115759996" data-slot="532740" col="2" data-msg="ctnCallbackHandler" id="div-clmb-ctn-208630-115759996-23"></div><div id="v-economictimes-indiatimes-v3"></div><div data-placement="Mid Article Thumbnails" data-target_type="mix" data-mode="thumbnails-mid" style="min-height:400px; margin-bottom:12px;" class="wdt-taboola" id="taboola-mid-article-thumbnails-115759996"></div></div><br><h2>Ajahn Siripanyo: From Heir to Monk</h2>Ven Ajahn Siripanyo, Ananda Krishnan’s only son, shocked many by forgoing a $5 billion inheritance to embrace monastic life at the age of 18. 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Metla Sudha Sekhar, IT Specialist and Developer</p><button class="view">View Program <span></span></button></div></a></li></ul></div><div class="nextprev-btn"><span class="arrow_btn prev-btn cSprite disable"></span><span class="arrow_btn next-btn cSprite"></span></div><div class="ts-dots"><ul class="sliderContainer"></ul></div></div><br><div data-mid-vdoai="vdoai_115759996" id="div-vdoai-mid-115759996"></div>Siripanyo’s decision stemmed from what began as a temporary retreat in Thailand. While paying respects to his mother’s family, he decided to ordain as a monk, an experience that became a permanent commitment. Today, over two decades later, he serves as the abbot of <a ref="dofollow" data-ga-onclick="Inarticle articleshow link click#News#href" href="/topic/dtao-dum-monastery" target="_blank">Dtao Dum Monastery</a>, nestled near the Thailand-Myanmar border.<br><br><div data-size="[[300, 250], [600, 250], [600, 300]]" data-adsSlot="/7176/Economictimes/ET_News/ET_News_InternationalBusiness/ET_ROS_MID_NWS_IBZ_AS_300" data-loc="100" id="div-gpt-ad-858478126-115759996" class="country_specAD"></div><strong>Also Read: </strong><a data-ga-onclick="Inarticle articleshow link click#News#href" href="https://m.economictimes.indiatimes.com/news/international/global-trends/monk-who-sold-his-ferrari-comes-to-life-son-of-malaysias-wealthiest-man-renounces-5-billion-empire-to-live-in-jungle-as-a-monk/articleshow/115717069.cms" data-type="tilCustomLink" target="_blank">'Monk Who Sold His Ferrari' Comes to life: Son of Malaysia's richest man renounces $5-billion empire to live in jungle as a monk</a><br><br><div data-size="[[300, 250], [600, 250], [600, 300]]" data-adsSlot="/7176/Economictimes/ET_News/ET_News_InternationalBusiness/ET_ROS_MID1_NWS_IBZ_AS_300" data-loc="2" id="div-gpt-ad-858478132-115759996" class="country_specAD2nd"></div><div data-size="[[300, 250], [600, 250], [600, 300]]" data-adsSlot="/7176/Economictimes/ET_News/ET_News_InternationalBusiness/ET_ROS_MID1_NWS_IBZ_AS_300" data-loc="5" id="div-gpt-ad-858478132-115759996" class="country_specAD2nd"></div><div data-size="[[300, 250], [600, 250], [600, 300]]" data-adsSlot="/7176/Economictimes/ET_News/ET_News_InternationalBusiness/ET_ROS_MID1_NWS_IBZ_AS_300" data-loc="3" id="div-gpt-ad-858478132-115759996" class="country_specAD2nd"></div><h2>Cultural Heritage and Early Life</h2>Born into privilege, Ven Ajahn Siripanyo’s background is as diverse as it is distinguished. His mother, Momwajarongse Suprinda Chakraban, is of Thai royal descent, linking him to both nobility and immense wealth.<br><br>Siripanyo spent his formative years in London with his two sisters, receiving an education in the UK. His upbringing fostered an open-minded perspective and a deep understanding of various cultures, qualities that later shaped his approach to Buddhist teachings. He is fluent in at least eight languages, including English, Tamil, and likely Thai, reflecting his multicultural heritage.<br><br><h2>Life as a Forest Monk</h2>As a forest monk, Siripanyo follows a life of simplicity, adhering to Buddhist practices such as alms-seeking and meditation. Based at the Dtao Dum Monastery, he lives in accordance with the principles of renunciation and relies on the generosity of others for sustenance.<br><br>Despite his monastic lifestyle, Siripanyo occasionally reconnects with his family, exemplifying Buddhist teachings on the importance of familial bonds. He has been known to travel in luxury when necessary, such as using a private jet to visit his father in Italy. His father even purchased a spiritual retreat in Penang Hill, Malaysia, for Siripanyo’s convenience during one of his visits.<br><br><h2>A Rare Path in Modern Times</h2>Siripanyo’s story has drawn comparisons to fictional characters like Julian Mantle in The Monk Who Sold His Ferrari. However, his journey is unique in its real-life implications. Unlike many stories of renunciation, Siripanyo’s decision reflects not just personal conviction but also a seamless integration of modern privilege and ancient spiritual values.<br><style> #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} </style><div class="inSideInd"><br><br><em>(You can now subscribe to our <a rel="nofollow" href="https://whatsapp.com/channel/0029Va54SU83rZZYg2XcdM0K" target="_blank" data-ga-onclick="WhtsApChnl#Click_Web#News">Economic Times WhatsApp channel</a>)<br></em></div></div><div class="clr"></div><div class="clr"></div><div class="rating_block hide ftr custom_ad"></div><div class="inSideInd"><div class="clearfix relTopics raltedTopics" data-ga-action="Widget Read More News"><h4 class="uc">Read More News on</h4><div><a data-track="ReadMore1" data-ga-onclick="1 - 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His only son, Ven Ajahn Siripanyo, renounced his claim to a $5 billion fortune to become a Buddhist monk. Raised in London and connected to Thai royalty through his mother, Siripanyo chose simplicity over wealth, living as a forest monk near the Thailand-Myanmar border. His journey resonates as a rare blend of privilege and profound spiritual dedication.", "datePublished": "2024-11-28T12:37:00+05:30", "dateModified": "2024-11-28T12:53:00+05:30", "url":"https://economictimes.indiatimes.com/news/international/global-trends/billionaire-son-turned-monk-ven-ajahn-siripanyos-father-malaysias-richest-man-ananda-krishnan-passes-away/articleshow/115759996.cms", "mainEntityOfPage":"https://economictimes.indiatimes.com/news/international/global-trends/billionaire-son-turned-monk-ven-ajahn-siripanyos-father-malaysias-richest-man-ananda-krishnan-passes-away/articleshow/115759996.cms", "articleSection" : "News", "articleBody":"Ananda Krishnan, one of Malaysia's wealthiest individuals with a business empire spanning telecommunications, satellites, media, oil, gas, and real estate, passed away, according to a statement from his private investment firm, Usaha Tegas. His only son, Ven Ajahn Siripanyo, recently made headlines by renouncing his claim to a $5 billion inheritance at the age of 18 to dedicate his life to Buddhist monasticism.The firm highlighted his contributions, stating, He has made significant contributions to nation-building and the corporate world; and his philanthropic initiatives have touched many lives. Krishnan, often referred to as AK, was Malaysia’s third-richest individual, with a net worth exceeding ₹40,000 crore (over US$5 billion), according to the South China Morning Post. Beyond his corporate achievements, he was a philanthropist and a devout Buddhist, values reflected in his family’s approach to life.Ajahn Siripanyo: From Heir to MonkVen Ajahn Siripanyo, Ananda Krishnan’s only son, shocked many by forgoing a $5 billion inheritance to embrace monastic life at the age of 18. His choice was rooted in Buddhist principles and supported by his father’s own devout beliefs.The South China Morning Post quoted a family source saying, Ajahn Siripanyo’s choice was entirely his own, and it is respected within the family. Siripanyo’s decision stemmed from what began as a temporary retreat in Thailand. While paying respects to his mother’s family, he decided to ordain as a monk, an experience that became a permanent commitment. Today, over two decades later, he serves as the abbot of Dtao Dum Monastery, nestled near the Thailand-Myanmar border.Also Read: 'Monk Who Sold His Ferrari' Comes to life: Son of Malaysia's richest man renounces $5-billion empire to live in jungle as a monkCultural Heritage and Early LifeBorn into privilege, Ven Ajahn Siripanyo’s background is as diverse as it is distinguished. His mother, Momwajarongse Suprinda Chakraban, is of Thai royal descent, linking him to both nobility and immense wealth.Siripanyo spent his formative years in London with his two sisters, receiving an education in the UK. His upbringing fostered an open-minded perspective and a deep understanding of various cultures, qualities that later shaped his approach to Buddhist teachings. He is fluent in at least eight languages, including English, Tamil, and likely Thai, reflecting his multicultural heritage.Life as a Forest MonkAs a forest monk, Siripanyo follows a life of simplicity, adhering to Buddhist practices such as alms-seeking and meditation. Based at the Dtao Dum Monastery, he lives in accordance with the principles of renunciation and relies on the generosity of others for sustenance.Despite his monastic lifestyle, Siripanyo occasionally reconnects with his family, exemplifying Buddhist teachings on the importance of familial bonds. He has been known to travel in luxury when necessary, such as using a private jet to visit his father in Italy. His father even purchased a spiritual retreat in Penang Hill, Malaysia, for Siripanyo’s convenience during one of his visits.A Rare Path in Modern TimesSiripanyo’s story has drawn comparisons to fictional characters like Julian Mantle in The Monk Who Sold His Ferrari. However, his journey is unique in its real-life implications. Unlike many stories of renunciation, Siripanyo’s decision reflects not just personal conviction but also a seamless integration of modern privilege and ancient spiritual values.", "image": { "@type": "ImageObject", "url": "https://img.etimg.com/thumb/msid-115760353,resizemode-4,width-1200,height-900,imgsize-21102,overlay-economictimes/articleshow.jpg", "width": 1200, "height": 900 }, "author": { "@type": "Thing", "name": "ET Online" }, "publisher": { "@type": "NewsMediaOrganization", "name": "Economic Times", "logo": { "@type": "ImageObject", "url": "https://img.etimg.com/thumb/msid-76939477,width-600,height-60,quality-100/economictimes.jpg", "width": 600, "height": 60 } } , "isAccessibleForFree" : "https://schema.org/False", "hasPart": { "@type": "WebPageElement", "isAccessibleForFree": "https://schema.org/False", "cssSelector" : ".paywall" }, "isPartOf": { "@type": ["CreativeWork", "Product"], "name" : "Economic Times", "productID": "prime.economictimes.indiatimes.com:prime" } }</script><script type="application/ld+json"> { "@context": "https://schema.org/", "@type" : "WebPage", "name" : "Ananda Krishnan, Malaysian tycoon whose son gave up $5 billion empire to become monk, passes away", "speakable" : { "@type": "SpeakableSpecification", "cssSelector" : [".article_wrap h1", ".artSyn h2"] }, "url": "https://economictimes.indiatimes.com/news/international/global-trends/billionaire-son-turned-monk-ven-ajahn-siripanyos-father-malaysias-richest-man-ananda-krishnan-passes-away/articleshow/115759996.cms" } </script><script type="text/javascript"> //set iframe height on load (function(){ $('#toispecials-iframe').height($(window).height()); })(); /* function scrollIframeToTop() { setTimeout(function() { $('body, html').animate({ scrollTop: $menuEl.offset().top }, 800); }, 500); } scrollIframeToTop(); */ </script><script> var countryCode = window.geoinfo && geoinfo.CountryCode; if (countryCode === "IN"){ $('.inSideInd').addClass("show"); $('.outsideInd').remove(); } else{ $('.outsideInd').addClass("show"); $('.inSideInd').remove(); } window.onload = function() { // setFont(); }; </script><div class="blocker_wrap hidden"><section class="font_mon login_blocker hidden"><div class="lb_head tac">Continue reading with one of these options:</div><div class="lb_box_cont"><div class="lb_box"><div class="lb_boxb"><div class="lb_boxh">Limited Access</div><div class="lb_boxt">Free</div><div class="lb_boxd">Login to get access to some exclusive stories<br> & personalised newsletters</div><div onclick="objPrimePaywall.cta('login')" class="lb_boxbtn">Login Now</div></div></div><div class="lb_box"><div class="lb_boxb"><div class="lb_boxh">Unlimited Access</div><div class="lb_boxt lb_pr">Starting @ Rs120/month</div><div class="lb_boxd">Get access to exclusive stories, expert opinions &<br> in-depth stock reports</div><div onclick="objPrimePaywall.cta('plan')" class="lb_boxbtn">Subscribe Now</div></div></div></div></section><div class="loader_box"><div class="spinner"><div class="loading-text">ET</div></div></div><section class="font_mon prime_paywall"><style> .articleBlockerWrap {width: 650px;background: #ffe9e2;height: 251px;display: none;margin: 2% auto 2%;box-shadow: 0 12px 20px 0 rgb(0 0 0 / 13%);} .articleBlocker {background: #ffe9e2;border: 7px solid white;padding: 28px 22px;width: 567px;margin: auto;text-align: left;position: relative;min-height: 149px;} .articleBlocker h4 {font-size: 24px;font-weight: bold;line-height: 1.27;} .articleBlocker p {font-size: 16px;margin: 15px 0;} .articleBlocker button {background: #ed193b;color: white;font-size: 16px;font-weight: 800;margin: auto;width: 215px;height: 37px;border-radius: 2px;position: absolute;animation: .18s linear infinite alternate slide;} @keyframes slide {from {left: 15px;}to {left: 30px;;}} .articleBlocker button:hover {animation-play-state: paused;cursor: pointer;} .articleBlocker img {position: absolute;right: 22px;height: 120px;bottom: 0;} </style><div data-paywall="true" data-grx-impression="Subscription Flow ET Articleshow Blocker#Scroll Blocker Impression#Blocker layer Viewed" class="articleBlockerWrap"><div class="articleBlocker"><h4>Uh-oh! 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} .campign_sec{margin:33px -33px -33px} </style><div data-ga-category="Subscription Flow" data-paywall="true" data-grx-impression="Subscription Flow ET Articleshow Blocker#Scroll Blocker Impression#Blocker layer Viewed" class="brd_wrap generic_blocker_new_v2 hidden" style="border: 10px solid #FFE9E2"><div class="paywall_login hidden">Already a Member? <span class="sign-in_btn">Sign In now</span></div><h3 class="paywall_msg"></h3><h3 class="bp_subheading">Unlock this story and enjoy all members-only benefits.</h3><button data-ga-onclick="Subscription Flow ET#SYFT | Flow Started#Articleshow box CTA wBenefit" class="subscribe_btn">Subscribe Now</button><div class="campign_sec skip_inswg" style="background-color: #FFF0EC"><img class="lazy thumb_lft"><img class="lazy thumb_rgt"><div data-set="0" class="dyn_pricing_item hidden" data-minrange="0" data-maxrange="0.499999"><p class="heading">Offer Exclusively For You</p><p class="subheading">Save up to Rs. 700/-</p><p class="desc">ON ET PRIME MEMBERSHIP</p><a class="plans_btn">Avail Offer</a></div><div data-set="1" class="dyn_pricing_item hidden" data-minrange="0.5" data-maxrange="0.59999999"><p class="heading">Offer Exclusively For You</p><p class="subheading">Get 1 Year Free</p><p class="desc">With 1 and 2-Year ET prime membership</p><a class="plans_btn">Avail Offer</a></div><div data-set="2" class="dyn_pricing_item hidden" data-minrange="0.6" data-maxrange="0.69999999"><p class="heading">Offer Exclusively For You</p><p class="subheading">Get 1 Year Free</p><p class="desc">With 1 and 2-Year ET prime membership</p><a class="plans_btn">Avail Offer</a></div><div data-set="3" class="dyn_pricing_item hidden" data-minrange="0.7" data-maxrange="0.79999999"><p class="heading">Offer Exclusively For You</p><p class="subheading">Get Flat 40% Off</p><p class="desc">Then ₹ 1749 for 1 year</p><a class="plans_btn">Avail Offer</a></div><div data-set="4" class="dyn_pricing_item hidden" data-minrange="0.8" data-maxrange="1"><p class="heading">Offer Exclusively For You</p><p class="subheading">ET Prime at ₹ 49 for 1 month</p><p class="desc">Then ₹ 1749 for 1 year</p><a class="plans_btn">Avail Offer</a></div><div data-set="5" class="dyn_pricing_item hidden"><p class="heading">Special Offer</p><p class="subheading">Get flat 35% off on ETPrime</p><p class="desc"></p><a class="plans_btn">Avail Offer</a></div><div data-set="6" class="dyn_pricing_item hidden"><p class="heading"></p><p class="subheading"></p><p class="desc"></p><a class="plans_btn">Avail Offer</a></div><div class="stu_of"><a class="plans_btn" style="border: 0px; font-size: 18px; font-weight: 400; text-decoration: underline;"></a></div></div></div><style> .ipadapp_blocker {border: 10px solid #FFE9E2; padding: 33px; position: relative;} .ipad_title {font-size: 30px; padding-bottom: 10px; font-weight: 600;} .ipadapp_btn {font-size: 20px; color: #ffffff; font-weight: 500; background-color: #ed193b; display: inline-block; cursor: pointer; padding: 11px 30px; min-width: 150px; min-height: 24px; margin: 20px; text-decoration: none;} .ipadapp_btn:hover {text-decoration: none;} </style><div class="ipadapp_blocker hidden" style="border: 10px solid #FFE9E2"><p class="ipad_title">90 Days Prime access worth Rs999 unlocked for you</p><a class="ipadapp_btn">Claim Now</a><div class="paywall_login">Already a Member? <span class="sign-in_btn">Sign In now</span></div></div></div><script> var isPaywallMoved = 0; // ET-17548 function storyCollectionLoad() { var _processNormal = function () { $('#paidSCWidget').attr('data-onload', '').removeClass('load_done').html(''); 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Market Research. Industry Trends</strong> on 4000+ Stocks<strong></strong><strong></strong></p></Story></div></li><li><img src="https://img.etimg.com/photo/42031747.cms" class="lazy" data-original="https://img.etimg.com/photo/msid-74493812,imgsize-12280/clean-experience-with-minimal-ads.jpg"><div class="fl_i_title"><Story>Clean experience with<br><strong>Minimal Ads</strong></Story></div></li><li><img src="https://img.etimg.com/photo/42031747.cms" class="lazy" data-original="https://img.etimg.com/photo/msid-74493806,imgsize-24821/comment-engage-with-et-prime-community.jpg"><div class="fl_i_title"><Story><strong>Comment & Engage</strong> with ET Prime community</Story></div></li><li><img src="https://img.etimg.com/photo/42031747.cms" class="lazy" data-original="https://img.etimg.com/photo/msid-74493810,imgsize-19449/exclusive-invites-to-virtual-events-with-industry-leaders.jpg"><div class="fl_i_title"><Story>Exclusive invites to <strong>Virtual Events with Industry Leaders</strong></Story></div></li><li><img src="https://img.etimg.com/photo/42031747.cms" class="lazy" data-original="https://img.etimg.com/photo/msid-74493809,imgsize-11126/a-trusted-team-of-journalists-analysts-who-can-best-filter-signal-from-noise.jpg"><div class="fl_i_title"><Story>A trusted team of <strong>Journalists & Analysts </strong>who can best filter signal from noise<br></Story></div></li><li><img src="https://img.etimg.com/photo/42031747.cms" class="lazy" data-original="https://img.etimg.com/photo/msid-99030928,imgsize-82843/get-1-year-complimentary-subscription-of-toi-worth-rs-799/-.jpg"><div class="fl_i_title"><Story><p>Get <strong>1 Year Complimentary Subscription of TOI+</strong> worth Rs.799/-</p></Story></div></li></ul></div></div></section></div><div class="shadow_exitdlg"><div class="exitdlg_wrapper"><span class="close_btn"></span><p class="heading">Stories you might be interested in</p><ul></ul><div class="footer_nwsltr"><div class="flt"><span class="hdr_label">Subscribe to our</span><span class="subhdr_label">ET Investment Opportunities</span></div><div class="flr"><input placeholder="Enter your email id here" class="input_nwsltr" type="text"><button class="submit_btn" type="button">SUBMIT</button></div></div></div></div><script onerror="errorLogs(this)" src="https://economictimes.indiatimes.com/js_ettechpoll/v-5,minify-3.cms" type="text/javascript" defer></script><script> if(window.location.href.indexOf('.com/articleshow/') != -1){ grxEvent('event', {'event_category': 'articleshow', 'event_action': 'url_issue referrer: ' + document.referrer, 'event_label': window.location.href}); } </script></body></html>