Ron Sim
Fashion & Retail

Ron Sim Net Worth

Ron Sim is a Singaporean entrepreneur and the founder of OSIM International, a company that produces high-end massage chairs. Last year, he took the company private when its shares had dropped significantly from their 2014 peak. Sim has since created V3 Group, which houses OSIM and TWG Tea, and plans to list in Hong Kong. Additionally, he owns a large property portfolio, including a stake in Perennial Real Estate Holdings.
Ron Sim is a member of Fashion & Retail

Age, Biography and Wiki

Birth Place Singapore, Singapore, Singapore

💰 Net worth: $1.5 Billion (2024)

Ron Sim, the prominent figure in Singapore's Fashion & Retail industry, is set to amass an estimated net worth of $1.5 billion in 2024. As the founder and CEO of popular brands such as OSIM International, Ron Sim has achieved remarkable success throughout his career. Renowned for his entrepreneurial skills and acumen, Sim has played a pivotal role in transforming the retail landscape in Singapore. With his eye for innovation and consumer-centric approach, Sim has not only amassed substantial wealth but also garnered immense respect within the industry.

2014 $1.2 Billion
2015 $1.2 Billion
2017 $1.1 Billion
2018 $1.21 Billion

Famous Quotes:

The key for us is to continue designing new products that people need

Biography/Timeline

1958

Ron Sim Chye Hock was born in 1958 in Singapore. As a child, he sold noodles for a living.

1979

Sim established the electrical and household appliance company Osim International in 1979. After close to a decade, Osim branched out its operations into Hong Kong, and subsequently the Republic of China. Apart from Osim, Sim also owns the China-based Richlife, GNC in Southeast Asia, and the United States-based Brookstone. In 2012, he was listed as thirty-third on Forbes' "Singapore's 50 Richest" list. The following year, he rose to twenty-first. His estimated net worth increased to a billion dollars, mostly due to Osim's shares rapidly soaring.

2004

Sim is an advisory board member of the Lee Kong Chian School of Business in Singapore. Among others, he has also been a Committee member of the Nanyang Technological University Enterprise Committee, a board member of both International Enterprise Singapore and Sentosa Development Corporation, and a trustee board member of the Tan Tock Seng Hospital Community Charity Fund. In 2004, Sim was the recipient of the "Entrepreneur of The Year" award by Ernst & Young. The same year, The Business Times presented him its "Businessman of the Year" award.

Some Ron Sim images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.