Latest news with #KishinRK
India.com
07-06-2025
- Business
- India.com
Meet Kishin RK, Indian CEO who bought his first home at age 12, started business at 18, now is Singapore's youngest billionaire, his net worth is Rs…, business is…
At just 42 years old, Kishin RK has become Singapore's youngest billionaire in 2025. He is the CEO of RB Capital Group, a major real estate company. Though he is the only son of well-known Indian-origin property tycoon Raj Kumar Hiranandani, Kishin's success is not just about family wealth. His story is about taking bold steps and building his own path in the real estate world. A very early start in real estate Kishin's journey in property began when he was just 12 years old. With his father's help, he bought his first property. By the time he turned 18, he sold an apartment his parents had gifted him and used the money to start RB Capital in 2006. That was the moment he began his own business journey. Today, RB Capital owns some of the most valuable hotels, offices, and shopping centres in top Asian cities. Real estate was always his true passion Kishin once thought about working in finance or the food business, but real estate always drew him back. In an interview with Tatler Asia, he said that while other jobs sounded interesting, the idea of building something long-lasting in real estate was far more exciting. Family legacy to building his own real estate empire Though Kishin RK was born into a successful real estate family, he always aimed to build his own identity in the industry. His father's company Royal Holdings being a well-known name in Singapore and instead of simply continuing what his family had already done, Kishin wanted to do something different. When he founded RB Capital, his focus was not just on buying properties but it was about creating new. This fresh approach helped him stand out and gave RB Capital a unique place in the real estate world. Under Kishin's guidance, RB Capital has developed several impressive commercial and hotel properties, including popular places like the InterContinental Singapore Robertson Quay and Holiday Inn Singapore Little India. Key turning point Kishin officially joined the family business in 2003, but a major shift happened in 2011, when his father and uncle split their real estate assets. After that, Kishin and his father teamed up and built a powerful partnership. Together, they now manage a portfolio worth nearly USD 10 billion, making them one of the strongest real estate duos in Singapore. In 2024, they took their ambitions beyond Singapore by launching a family office in Abu Dhabi, called the RB Family Office. This new base helped them grow their investments across the Middle East. Kishin RK's net worth According to Forbes 2025, Kishin RK has become Singapore's youngest billionaire, with an estimated individual net worth of USD 1.6 billion. He is the only son and heir of Raj Kumar Hiranandani, a respected Indian-origin real estate tycoon. Forbes also reports that together, Kishin and his father Raj Kumar now hold a combined net worth of around USD 3.15 billion, making them one of the most influential real estate families in the region.
News18
03-06-2025
- Business
- News18
This Indian-Origin CEO Bought His First Home At 12. Now, He Is Singapore's Youngest Billionaire
Last Updated: At just 12 years old, under the guidance of his father, Kishin purchased his first property—an experience that sparked a lifelong fascination with real estate. Kishin RK, the 42-year-old CEO of RB Capital Group, has been named Singapore's youngest billionaire in 2025, with an estimated net worth of US$1.6 billion, according to Forbes. Although Kishin is the sole heir of Indian-origin real estate magnate Raj Kumar Hiranandani, his rise has been shaped as much by personal drive and independent choices as by family legacy. One of only six Singaporeans under the age of 50 to feature on Forbes' billionaire list this year, Kishin exemplifies a rare blend of generational legacy and self-driven innovation in the high-stakes world of real estate. Real Estate Journey At 12 Kishin's introduction to property development came early. At just 12 years old, under the guidance of his father, he purchased his first property—an experience that sparked a lifelong fascination with real estate. By 18, he sold an apartment gifted by his parents and used the proceeds to establish RB Capital Group in 2006, charting a course for an independent business journey. In a past interview with Tatler Asia, Kishin reflected on his career aspirations, saying that while he once considered finance and hospitality, it was real estate that 'allowed him to build something lasting." Building A Legacy Despite hailing from a prominent real estate family—his father's Royal Holdings is a major player in Singapore's property scene—Kishin was determined to forge his own identity. RB Capital, under his leadership, has focused not just on property acquisitions but on developing signature commercial and hospitality projects from the ground up. His official involvement in the family business began in 2003, but a pivotal moment came in 2011 when his father and uncle divided their real estate holdings. Post-split, Kishin and Raj Kumar became a formidable duo—jointly managing a portfolio estimated to be worth US$10 billion. Global Expansion And Middle East Pivot In a strategic move to expand beyond Asia, the family launched the RB Family Office in late 2024, headquartered in Abu Dhabi Global Market. The initiative aims to grow its presence in the Middle East, leveraging the UAE's business-friendly environment to manage global investments. According to Forbes, the combined wealth of Kishin RK and his father Raj Kumar currently stands at US$3.15 billion. Despite his billionaire status, Kishin remains grounded. Colleagues and associates often speak of his humility, noting that he treats everyone with the same courtesy—whether senior executives or hospitality staff. During the COVID-19 pandemic, Kishin's philanthropic instincts came to the fore. He co-founded Tiffin Labs, a cloud kitchen startup, and launched the 'Food is Love" initiative, which provided meals to vulnerable communities in Singapore.
Time of India
03-06-2025
- Business
- Time of India
Meet Indian-origin CEO who became Singapore's youngest billionaire in 2025 with a net worth of $1.6 billion
Source: Instagram Kishin RK, 42-year-old CEO of RB Capital Group, has emerged as Singapore's youngest billionaire in 2025 with an estimated net worth of US $1.6 billion. While he is the sole heir to Indian-origin real estate magnate Raj Kumar Hiranandani, Kishin's wealth reflects more than inheritance; it is the result of his bold entrepreneurial spirit and independent vision. Recognised as one of only six Singaporeans under 50 on Forbes' 2025 billionaire list, Kishin exemplifies a powerful blend of legacy and self-driven success in the competitive world of real estate development. Singapore's youngest billionaire Kishin RK began his real estate journey at 12 Kishin's foray into real estate was simply exceptional. At the age of 12, with the guidance of his father, he bought his first property. That initial exposure instilled a profound interest in the property market that redirected his career course. By the age of 18, Kishin sold a flat presented to him by his parents and invested the capital to form RB Capital in 2006 a move that signified the start of his independent business legacy. While he did have fleeting thoughts about other professions, such as finance and restaurants, real estate was always his center of attraction. In an interview with Tatler Asia, he described that while there were earlier dreams, the fascination of creating something permanent in the property sector was always greater. Kishin RK's rise to real estate from family roots to independent success Although Kishin comes from a family with strong roots in real estate, his father's Royal Holdings is a well-known name in Singaporean property, but he wanted to make his own mark. RB Capital was formed with an emphasis on creating real estate projects as opposed to just buying them. That difference in strategy helped Kishin forge a distinct identity in the business. Under his guidance, RB Capital has built a portfolio of commercial and hospitality assets, including top landmarks such as InterContinental Singapore Robertson Quay and Holiday Inn Singapore Little India. These developments are testaments to his passion for city rejuvenation and sustainable design, distinguishing him in a crowded industry. Kishin officially became part of the family business in 2003. But the game-changer was in 2011 when his uncle and father split their real estate assets. After the division, Kishin and his father formed an unstoppable duo, managing a portfolio together worth almost US$10 billion. Their combined experience and savvy investments have since made them one of Singapore's most powerful property duos. Later in 2024, they went global with their dreams by setting up a family office in Abu Dhabi. The RB Family Office, which is founded in the Abu Dhabi Global Market, seeks to manage and grow their investments in the Middle East. The move aligns with the UAE's business-friendly culture and places the family on the path to expansion in the region. Singapore's youngest billionaire 2025 net worth According to Forbes, Kishin RK is Singapore's youngest billionaire at just 42, has rapidly made his mark in the real estate world with a net worth estimated at US $1.6 billion . As the sole heir to renowned Indian-origin real estate magnate Raj Kumar Hiranandani, Kishin has not only inherited a legacy but has also carved out his own path through visionary leadership and strategic investments. Recognized among Forbes' 2025 list of billionaires under 50, he leads RB Capital Group, a prominent real estate development firm known for landmark projects across Singapore. According to Forbes report, the youngest Singaporean billionaire Krishin RK and his father Raj Kumar and holds the estimated net worth of $3.15B . Kishin RK: Leading with humility and purpose beyond wealth In spite of being a billionaire, Kishin is humble. His friends and business partners remark on his respectful manner showing the same kindness and humility towards everyone ranging from top management to hospitality personnel. His charitable side also came into sharp relief amid the COVID-19 pandemic. He co-founded cloud kitchen startup Tiffin Labs and initiated the "Food is Love" program to deliver meals to the needy in Singapore. Also Read | Meet the Syrian-American artist who moved to Mumbai at 19 with no clear plan and built a global fashion brand, revealed in a viral post
News18
02-06-2025
- Business
- News18
Who Is Kishin RK? Indian-Origin CEO Who Is Singapore's Youngest Billionaire
Last Updated: Kishin RK, the Indian-origin CEO of RB Capital, became Singapore's youngest billionaire at 42 with a net worth of US$1.6 billion. Kishin RK, the 42-year-old CEO of RB Capital Group, has earned the title of Singapore's youngest billionaire with a net worth of US$1.6 billion. The sole heir to Indian-origin real estate tycoon Raj Kumar Hiranandani, Kishin is one of the six Singaporeans under 50 on Forbes' 2025 billionaire list. But he's not resting on inherited wealth; he used his privilege as a springboard to build an independent real estate empire. Kishin's journey began remarkably early; at 12, he bought his first apartment under his father's guidance. This experience piqued his interest in the property sector. By age 18, he had sold an apartment gifted by his parents to start RB Capital in 2006. The CEO told Tatler Asia that he never felt the need to do anything else since he knew he was interested in real estate. However, much before the realisation came about, Kishin was drawn to finance and even thought of becoming a restaurateur. He explained that it seemed glamorous and fun from the outside. According to a VN Express report, Kishin founded RB Capital to focus on real estate development, unlike his father, who acquired properties through Royal Holdings. He has developed retail spaces, office buildings, and hotels. Some of the flagship assets his firm developed include InterContinental Singapore Robertson Quay and Holiday Inn Singapore Little India. Reportedly, Kishin joined the family business back in 2003. When his father and uncle split their real estate business in 2011, he and his father became one of the most powerful property teams in Singapore, managing around $10 billion in properties. In late 2024, they shared plans for a family office in Abu Dhabi to handle their investments in the Middle East. Reportedly, they set up the RB Family Office in the Abu Dhabi Global Market to take advantage of the UAE's great location and investor-friendly framework. Despite being a billionaire now, his friends say he treats everyone, from waitstaff to CEOs, kindly. During the COVID-19 pandemic, he helped start Tiffin Labs and created Food is Love, which provided meals for those in need in Singapore. First Published:
Economy ME
16-05-2025
- Business
- Economy ME
Abu Dhabi rising: The growing international influence of the ‘Capital of Capital'
How ADGM's record-breaking performance is redefining the global financial landscape In Abu Dhabi, an economic transformation is quietly unfolding. ADGM, the international financial center of the UAE capital, has emerged as one of the world's fastest-growing financial ecosystems. With a staggering 245 percent year-on-year growth in assets under management (AUM) in 2024 and an unprecedented expansion of its operational entities, ADGM has firmly established itself as a regional financial hub that is rapidly gaining global prominence. This remarkable growth is particularly evident in the wealth management sector, where ADGM has become a key hub for family offices, offering a dynamic environment that attracts high-net-worth families and wealth management entities. With its robust legal framework, tax advantages, and tailored services spanning wealth management, succession planning, and philanthropy, ADGM is now as a global leader in family office operations. The establishment of billionaire-led family offices, including those of British businessman Asif Aziz, prominent philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate leader Kishin RK, underscores the center's growing appeal as a global wealth management destination. Read: ADGM FSRA launches 2025-2026 business plan to enhance regulatory framework, drive sustainable growth ADGM's rapid ascent was further cemented during the third edition of ADFW last December, which witnessed major announcements from global financial institutions representing almost $635 billion in assets under management. This impressive figure, up from $450 billion just a year earlier, follows strategic moves by some of the world's largest asset managers, including BlackRock, PGIM, and Nuveen, all of which have established operations in ADGM. As international investors and financial institutions increasingly pivot towards emerging markets and innovative regulatory frameworks, ADGM's performance over the past year offers a compelling case study in how strategic vision, regulatory innovation, and ecosystem development can transform a financial center into what is now being recognized in the global financial sector as the 'Capital of Capital.' What has fuelled this unprecedented rise and how does ADGM plan to sustain this momentum The statistics paint a picture of extraordinary momentum. By the end of 2024, ADGM was home to 134 asset and fund managers overseeing 166 funds. The center experienced a 32 percent annual growth in operational entities, reaching a total of 2,381 registered businesses. Perhaps most impressively, the workforce within ADGM grew by 39 percent throughout 2024, signalling robust job creation and talent attraction. 'It is not just the AUM growth that's quite remarkable, but also the 32 percent annual growth in the number of operational entities that has become a direct reflection of rising investor and business confidence in ADGM,' explains Arvind Ramamurthy , chief of market development at ADGM. 'Furthermore, it also highlights the appeal of ADGM's regulatory clarity, global connectivity, and business-friendly infrastructure.' The financial sub-sector within ADGM's ecosystem particularly flourished, with 275 financial institutions already registered within its jurisdiction at the start of 2025, 79 of which were licensed during 2024 alone. These aren't just regional players — they include global giants such as Polen Capital, General Atlantic, Lone Star Funds, Investindustrial, Marshall Wace, AXA IM, Eiffel Investment ME, GQG Partners, SS&C Financial Services, Morgan Stanley — in addition to the previously mentioned BlackRock, PGIM, and Nuveen. Additionally, ADGM's expansion to Al Reem Island saw 1,100 new entities now operating under its jurisdiction. ADGM has emerged as one of the world's fastest-growing financial ecosystems The gravitational pull: Why global financial leaders are choosing Abu Dhabi What's driving this remarkable influx of global financial institutions to ADGM? According to Ramamurthy, several key factors explain the center's gravitational pull. 'Being able to attract industry leaders like BlackRock, PGIM, Morgan Stanley, and AXA IM is causing the gravitation of other players following the industry leaders,' he notes. This 'bandwagon effect' has accelerated as more financial heavyweights announce their commitment to the center. 'The expansion is further bolstered by announcements of the establishment of global banks and growth in ADGM from heavyweights such as JPM, Morgan Stanley, BNP, and Citi, among others, which solidify the opportunity Abu Dhabi offers,' Ramamurthy adds. Beyond the presence of financial giants, Abu Dhabi's reputation as 'the safest city' with strong liability protections and economic stability is making it easy for decision-makers of global funds to consider setting up business in the UAE capital, and in ADGM in particular. This sense of security and stability cannot be understated in a world marked by geopolitical uncertainty and economic volatility. A robust and progressive regulatory framework At the heart of ADGM's appeal lies a robust and progressive regulatory framework. Unlike many other financial centers that operate with rigid, prescriptive rules, ADGM has adopted a principles-based approach aligned with global best practices. This offers predictability and trust — critical factors for global investors, asset managers, and fintech players. The Financial Services Regulatory Authority (FSRA) of ADGM has been particularly innovative in developing frameworks that address emerging areas of finance. Recently, it issued a comprehensive regulatory framework for fiat-referenced tokens (FRTs), expanded its digital asset ecosystem, and introduced guidance on staking, lending, and borrowing in decentralized finance (DeFi). This regulatory innovation extends to sustainable finance as well. In 2024, the FSRA published guidance on ESG greenwashing and granted a new Green Fund Designation to Vortex Energy IV, a $1.8 billion AUM energy transition investment manager based in ADGM. Such initiatives demonstrate ADGM's commitment to balancing innovation with investor protection — a delicate balance that many financial centers struggle to achieve. ADGM has firmly established itself as a regional financial hub that is rapidly gaining global prominence Beyond traditional finance: ADGM's sectoral diversification What distinguishes ADGM from many other financial centers is its strategic diversification beyond traditional banking and asset management. As Ramamurthy observes: 'ADGM is no longer just a financial center — it's a hub for fintech innovation, sustainable finance, private equity, family offices, and digital assets. This diversity creates resilience and attracts a broader range of global and regional players.' The sustainable finance sector has been particularly notable in ADGM's expansion. The center now leads the UAE Sustainable Finance Working Group and houses ALTÉRRA, a $30 billion private investment vehicle dedicated to climate action. The Global Climate Finance Center (GCFC) is also headquartered in ADGM, further cementing Abu Dhabi's position as a leader in green finance. Similarly, ADGM has positioned itself at the cutting edge of financial technology. Its fintech ecosystem continues to attract top-tier global players such as eToro and M2, while regulatory innovations around decentralized autonomous organizations (DAOs), tokenized assets, and digital currencies are placing ADGM at the forefront of digital transformation in finance. The collaborative ecosystem: Startups, corporates, and government all working hand in hand ADGM's success isn't merely about attracting established financial institutions; it's equally focused on fostering innovation and entrepreneurship through strategic collaboration between startups, corporates, and government entities. 'Collaboration lies at the heart of ADGM's ecosystem strategy,' Ramamurthy emphasizes. 'In 2025, ADGM is focused on scaling up initiatives that bring together startups, corporations, and government bodies to co-create and commercialize innovation.' Central to this collaborative approach is Hub71, Abu Dhabi's global tech ecosystem based in ADGM. Backed by sovereign wealth funds and major corporations, Hub71 supports startups through funding, mentorship, and market access, serving as a bridge between innovators and institutional players. The RegLab, ADGM's regulatory sandbox, continues to function as a 'living lab' for fintech experimentation, allowing startups to pilot solutions in a controlled environment with regulatory support. This close engagement helps shape market-relevant regulations while reducing the risks associated with innovation. For small and medium-sized enterprises, ADGM subsidiary Numou, established in 2023, has expanded its network of lending partners and strengthened its position as a digital lending marketplace. The platform now features collaborations with institutions like the Khalifa Fund for Enterprise Development and private credit providers such as Credible-X, Klubworks, and NymCard Payment Technologies. Global outreach: Extending ADGM's international presence While building its domestic ecosystem, ADGM has simultaneously pursued an aggressive international outreach strategy. In 2024, the center hosted roadshows across major financial capitals including New York, Washington, Paris, Switzerland, Hong Kong, Shanghai, Singapore, and London. 'During these engagements, ADGM highlighted Abu Dhabi's dynamic financial ecosystem to institutional investors, asset managers, and global financial leaders, bringing the total number of bilateral discussions to more than 300 across key international markets,' Ramamurthy notes. This global outreach has paid dividends, attracting investment and institutional presence to the center, and continues to do so as conversations have extended beyond the roadshow which could eventually lead to more business for ADGM, and Abu Dhabi in general. As such, additional roadshows are being planned for 2025 as part of ADGM's strategy to continue expanding its global influence, further contributing to its projected growth in the coming year. ADGM was home to 134 asset and fund managers overseeing 166 funds Seeing opportunities behind challenges With its remarkable success, ADGM now faces the challenge of maintaining its growth trajectory and fulfilling its vision of becoming a truly global financial center. ADGM's growth will naturally require attracting and retaining talent to fuel its continued growth. Sustaining such growth requires a deep talent pool with specialized skills in finance, technology, and regulatory compliance. Though competing with established financial centers like London, New York, and Singapore, which have extensive networks of universities, professional training programs, and established expatriate communities, Abu Dhabi has many attractive aspects that make it a haven for world-class talent, including tax-free salaries, top-notch education and healthcare facilities, first-rate infrastructure in addition to the capital being rated as the safest city in the world for nine consecutive years since 2017. ADGM will also need to ensure regulatory agility, along with stability and investor protection. As ADGM ventures into cutting-edge areas like digital assets, decentralized finance, and climate finance, it will need to continuously innovate its regulatory framework without introducing uncertainty or risk. This balancing act becomes increasingly complex as the center grows and diversifies. 'ADGM views competition from other regional financial hubs as an exciting opportunity for growth,' Ramamurthy says. 'As these financial centers vie for the same pool of global financial institutions, talent and capital, ADGM has a unique position as the 'Capital of Capital'. By continuing to focus on regulatory innovation, ecosystem development, and strategic specialization, the IFC can strengthen its position and attract more global attention, solidifying its role as a leading financial hub in the MEASA region,' he adds. In addition, growth is closely connected to the broader economic dynamics shaping the Gulf region. Factors like oil price fluctuations and changing global investment trends offer opportunities to influence the center's development in a positive direction. For ADGM's leadership, these factors present opportunities to showcase the financial center's strengths and capabilities in order to continue its upward trajectory. 'As a dynamic financial hub built for progress, ADGM will continue to attract leading financial institutions, asset managers, and exchanges, strengthening Abu Dhabi's position as a premier global financial center,' Ramamurthy says. The path forward: ADGM's vision for 2025 and beyond Looking ahead, ADGM is building on its 2024 momentum with ambitious plans for further growth and innovation. In asset management, the center aims to continue enhancing its fund framework and regulatory ecosystem, offering a range of structures from Qualified Investor Funds (QIFs) and public funds to sector-specific vehicles for venture capital and private equity. ADGM serves as a key enabler for accelerated growth across strategic clusters such as hedge funds, private banking, wealth management, family offices, and digital assets, offering a robust regulatory framework and world-class infrastructure. By driving innovation and fostering a dynamic ecosystem, ADGM supports the rapid expansion of these sectors, positioning them at the forefront of global financial markets. 'Our goal is to make ADGM a top destination for global fund managers by offering flexibility, efficiency, and access to Abu Dhabi's sovereign wealth funds and capital markets,' Ramamurthy explains. For sustainable finance, ADGM is focused on enhancing climate risk management practices, implementing a structured mandatory ESG disclosure framework, and refining climate transition planning in alignment with the UAE's Net-Zero goals. The center is also exploring new strategic sectors for 2025 and beyond, including energy transition technologies and climate tech, to broaden its financial ecosystem and attract next-generation capital flows. 'Looking ahead, ADGM remains optimistic that its ecosystem's evolution will continue to reinforce Abu Dhabi's role as the 'Capital of Capital' — where growth, innovation, and responsible finance converge,' Ramamurthy states. In a world where financial innovation and capital flows are increasingly moving eastward and southward, ADGM's rise may well presage a broader realignment of the global financial landscape, one in which Abu Dhabi plays a central role as a nexus of traditional finance, technological innovation, and sustainable investment. The path forward for ADGM appears bright, and will require continued vision, adaptability, and execution excellence to contribute towards realizing Abu Dhabi's financial ambitions. If its 2024 performance is any indication, this year will no doubt see the Falcon Economy soaring higher and strengthening its position as the world's 'Capital of Capital'. For more features, click here
