| Birth Place | Singapore, Singapore, Singapore |
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.
The key for us is to continue designing new products that people need
Ron Sim Chye Hock was born in 1958 in Singapore. As a child, he sold noodles for a living.
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.
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.
