Ron Sim
Singapore, Singapore
Singapore
retail, Self Made
$1,400,000,000
1605
#1605 Billionaires 2019
#29 Singapore's 50 Richest 2018
Ron Sim is the founder of OSIM International, maker of high-end massage chairs.He took the company private in 2016 when its shares had dropped steeply from their 2014 high.He created V3 Group, which houses OSIM and TWG Tea, among much else.In 2018, he scrapped plans to list V3 in Hong Kong and sold close to a 30% stake to private equity firm KKR for $370 million.Sim also owns a sizeable property portfolio that includes a stake in listed Perennial Real Estate Holdings.
At age 20, he started a company that sold knife sharpeners and other household goods. Sim has founded R3 Asset Management to back fast-growing companies.
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