Ron Sim Chye Hock (, born 1958) is a Singaporean

business magnate A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...

and investor. He is the founder of

Osim International OSIM International Pte Ltd () is a Singapore-based company that manufactures wellness technology and lifestyle products such as well being chairs, Massage chair, massage chairs and sofas, slimming belts, and Pulse massager, pulse massagers. The ...

. In 2013, he ranked twenty-first on ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' 2013 list of the fifty richest Singaporeans, with an estimated net worth of US$1.4billion.

Early life

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

Business career

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.

Other ventures and recognition

Sim is an advisory board member of the

Lee Kong Chian School of Business The Lee Kong Chian School of Business is the business school of the Singapore Management University (SMU). Established in 2000, the school was the first to be established under the Singapore Management University's charter. It is a research-dri ...

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.

Personal life

Sim is married with three children. and resides in Singapore.

References

{{DEFAULTSORT:Sim, Rom Singaporean people of Hokkien descent 1958 births Singaporean billionaires Living people