Anthony Francis Fernandes who is widely known as Tony Fernandes is a Malaysian entrepreneur, have a look at his salary and net worth

The journey of Anthony Francis began with a daring move to acquire a struggling airline, AirAsia. With determination and strategic acumen, Fernandes transformed it into a highly successful budget airline by setting a new standard in the industry. This Air Asia boss recently faced criticism after he shared a half-n*ked picture while getting a massage done. The post was later deleted from his LinkedIn.

Who is Tony Fernandes AirAsia CEO, net worth in 2023, salary, education, wife and biography

Bos AirAsia, Tony Fernandes, meeting dengan manajemen perusahaannya secara online, tanpa mengenakan pakaian alias bertelanjang dada. Hal itu dilakukan karena sambil di-pijat, yang dia sebut sebagai budaya Indonesia. #bisnisupdate #update #bisnis #storyshot https://t.co/kloGx00ITX pic.twitter.com/NbKrzwJSbh

— kumparan (@kumparan) October 18, 2023

Tony Fernandes, CEO of Air Asia, touching base with his Executive Stress Manager to address pain points and flesh out plans. pic.twitter.com/72Cc1KeeGR

— Kajol Srinivasan (@LOLrakshak) October 18, 2023

59-year-old Anthony Francis was born in Kuala Lumpur on April 30, 1964, to a multicultural heritage. Fernandes’ entrepreneurial spirit was nurtured by his mother’s Tupperware sales endeavors. He pursued education at The Alice Smith School in Kuala Lumpur and later at Epsom College in England. His academic journey culminated at the London School of Economics where he graduated with a degree in accounting.

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He is married to Chloe Kim and the couple shares a daughter, Aliyah Ena Fernandes. Despite his diverse heritage, he candidly admits to not speaking Malay fluently.

Anthony Francis career

Anthony Francis embarked on his professional journey with Virgin Atlantic before joining Richard Branson’s Virgin Communications in London. His financial expertise led him to Warner Music International where he served as a Senior Financial Analyst.

He achieved recognition in the financial sector by becoming a Fellow of the Association of Chartered Certified Accountants and a member of the Institute of Chartered Accountants in England and Wales.

In a pivotal meeting facilitated by Datuk Pahamin A. Rajab, Fernandes connected with then-Prime Minister Tun Dr. Mahathir Mohamad. Heeding Mahathir’s advice to acquire an existing airline, Fernandes mortgaged his home and personal savings to purchase AirAsia.

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This bold move marked the beginning of an extraordinary turnaround. Within a year, AirAsia not only cleared its debts but also achieved profitability.

Fernandes attributes part of AirAsia’s success to opportune timing. The aftermath of the 9/11 attacks led to reduced aircraft leasing costs and an abundance of experienced staff in the aviation industry. His belief in offering Malaysians an affordable, time-saving travel option resonated, with a significant percentage of first-time flyers embracing the budget airline.

Fernandes’ influence extended beyond Malaysia’s borders. He played a pivotal role in lobbying for open skies agreements with neighboring nations by facilitating AirAsia’s access to new markets. In Thailand and Indonesia, AirAsia holds stakes in local counterparts, Thai AirAsia and Indonesia AirAsia.

Tony Fernandes’ entrepreneurial spirit extends to various industries. He introduced Tune Hotels, a no-frills hotel chain, and hosted the first season of The Apprentice Asia. Fernandes’ foray into Formula One with Caterham F1 and the acquisition of Caterham Cars showcased his multifaceted business interests.

Anthony Francis’ net worth

Anthony Francis is estimated to have a net worth close to $335 million and received a salary of more than RM14 million each for the 2021 financial year (FY2021) ending Dec 31, 2021 Capital A Bhd’s annual report shows.

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