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India.com
4 days ago
- 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.
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:
Hindustan Times
02-06-2025
- Business
- Hindustan Times
Indian-origin CEO who bought his first apartment at age 12 is Singapore's youngest billionaire
Kishin RK was born with the proverbial silver spoon. The sole heir to Indian-origin real estate tycoon Raj Kumar Hiranandani, he is Singapore's youngest billionaire with $1.6 billion to his name. But the 42-year-old founder and CEO of RB Capital Group has not relied on his family name alone - he has drawn on his immense privilege to carve his own path to success. According to a report in SCMP, when he was 18, Kishin sold an apartment given to him by his parents. He then used the funds from this sale to start RB Capital Group. Kishin is one of just six Singaporeans on Forbes' 2025 billionaire list who are under the age of 50. He is the only one to have inherited his wealth, according to a VN Express report. Kishin is the son of Raj Kumar Hiranandani, a prominent real estate mogul and co-founder of Royal Holdings. Together, they are among Singapore's leading landlords, managing a property empire worth billions. A powerful father-and-son team in Singapore's real estate scene, Raj runs Royal Holdings, while Kishin started his own company, RB Capital, in 2006. In 2011, Raj and his brother Asok split their property business, and since then, Raj has been focused on building his own empire, reported Forbes. Born Kishin Hiranandani in 1983, Kishin RK was introduced to the world of real estate early on. In an 2021 interview with Tatler, he revealed that he bought his first apartment when he was just 12 years old. He was guided, of course, by his father. But the exercise of purchasing an apartment gave Kishin valuable insights into the world of real estate. Around the same time, he began accompanying his father to important business meetings. 'I realised that my interest was actually real estate. There was no need to do anything else,' he told Tatler Asia. 'I was really getting to understand the ins and outs of not just the family business, but the larger landscape of real estate and how it worked as an industry. And I wanted to go deeper.' Unlike his family business of acquiring properties, RB Capital also focuses on real estate development.
Yahoo
17-05-2025
- Business
- Yahoo
Permian Resources Corporation (PR) Just Got Upgraded by RBC Capital
The global investment bank, RBC Capital, just raised its price target for Permian Resources Corporation (NYSE:PR). Here is why. Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. On May 16th, RBC Capital adjusted its outlook on Permian Resources Corporation (NYSE:PR), raising the stock's price target from $16 to $17, while reaffirming its Outperform rating. The analyst highlighted that PR's success hinges on enhancing operational efficiencies and engaging in accretive consolidation. Despite the intense market volatility, the oil and gas producer recently announced that it is growing its footprint in the northern Delaware Basin through a $608 million acquisition of assets from Apache parent APA Corp. Hence, Permian's activity remains 'steady-as-she-goes' despite oil price weakness relative to the original budgeted levels. Permian Resources Corporation (NYSE:PR) recently revealed very strong results for its Q1 2025, highlighted by strong operational performance and lower costs. The company beat profit, revenue, and output expectations and even managed to achieve the highest free cash flow per share in its history of $0.54 per share, driven by lower per unit cost and solid production performance. Moreover, the oil and gas firm has approximately 25% of its 2025 oil production hedged at a price just above $73 per barrel, allowing it to be more opportunistic during a downturn when investments can earn the highest return. While we acknowledge the potential of PR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
