Ron Sim Chye Hock (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$1.4billion.
Ron Sim Chye Hock[1] was born in 1958 in Singapore. As a child, he sold noodles for a living.[2]
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.[3] His estimated net worth increased to a billion dollars, mostly due to Osim's shares rapidly soaring.[4]
Sim is an advisory board member of the Lee Kong Chian School of Business in Singapore.[5] 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.[5] 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.[5]
Sim is married with three children. and resides in Singapore.[3]