Ron Sim

Not to be confused with Ron Sims.
In this Chinese name, the family name is Sim (沈).

Ron Sim Chye Hock (Chinese: 沈財福, born 1958) is a Singaporean business magnate and investor. He is the founder of Osim International. In 2013, he ranked twenty-first on Forbes' 2013 list of the fifty richest Singaporeans, with an estimated net worth of US$1.4 billion.

Early life

Ron Sim Chye Hock[1] was born in 1958 in Singapore.[2] As a child, he sold noodles for a living.[3]

Business career

Sim established the electrical and household appliance company Osim International in 1979.[4] After close to a decade, Osim branched out its operations into Hong Kong, and subsequently the Republic of China.[4]

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.[2] His estimated net worth increased to a billion dollars, mostly due to Osim's shares rapidly soaring.[5]

Other ventures

Sim is an advisory board member of the Lee Kong Chian School of Business in Singapore.[4] 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.[4]

Awards and recognition

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.[4]

Personal life

Sim is married with three children and resides in Singapore.[2]

References

  1. ^ Rita Gunther McGrath; Ian C. MacMillan (2005). Marketbusters: 40 Strategic Moves that Drive Exceptional Business Growth. Harvard Business School Press. p. 171. ISBN 978-1-59139-123-4.
  2. ^ a b c "Ron Sim". Forbes. Retrieved September 28, 2013.
  3. ^ Stevens, Andrew (May 5, 2008). "Entrepreneur at heart: Ron Sim". CNN.
  4. ^ a b c d e "Mr Ron SIM". Singapore Management University. Retrieved September 28, 2013.
  5. ^ Naazneen, Karmali (August 28, 2013). "Ron Sim Becomes Billionaire Amid Rising Shares Of OSIM". Forbes.

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