Ven Ajahn Siripanyo, the only son of Malaysian billionaire Ananda Krishnan, chose to forgo an inheritance from his father’s net worth of US$5.1 billion in order to become a monk.

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.

Malaysian billionaire Ananda Krishnan, whose business interests ranged from oil and gas to telecommunications, has died at the age of 86, his private investment company said.

Malaysian billionaire Ananda Krishnan, whose empire included businesses from telecommunications to oil and gas, has died, his private investment firm Usaha Tegas said on Thursday. "He has made significant contributions to nation building and the corporate world;