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India.com
02-06-2025
- Business
- India.com
Meet Indian-origin tycoon who bought his first apartment at age 12, is Singapore's youngest billionaire with Rs 145174985000, he is...
(Image: Forbes) New Delhi: We have shared many success stories of individuals who reached the pinnacle of their respective fields after starting from nothing and earned immense wealth after spending the initial phase of life with little or no money. However, there are those who are born in affluent families with established businesses yet they choose to make it big on their own. One such person is Kishin RK, who was born in a wealthy, well-established family, and the only inheritor to real estate mogul Raj Kumar Hiranandani. Kishin RK, 42, is Singapore's youngest billionaire with a net worth of $1.6 billion. He is the founder and CEO of RB Capital Group and what makes him stand out is the fact he did not bank on his family's name or finance. He has created his own way to success as he became Singapore's youngest billionaire. Reportedly, Kishin sold an apartment given to him by his parents when he was 18 and used the money to launch RB Capital Group in 2006. Today, Kishin is one of six Singaporeans on Forbes' 2025 billionaire list who are under the age of 50. Kishin's father, Raj Kumar Hiranandani, is a prominent real estate tycoon who co-founded Royal Holdings. Together, the father and son are counted among Singapore's leading property-owners as they handle a property empire worth billions. The father-and-son team is a force to reckon with in Singapore's real estate circle as Raj Kumar Hiranandani runs Royal Holdings, while Kishin takes care of RB Capital. Kishin was introduced to the world of real estate at a very young age. In an interview, he said that he purchased his first apartment when he was just 12 years old under the expert guidance and mentorship of his father. This gave him exposure and understanding of the world of real estate. Also, he would attend important business meetings along with his father. 'I realised that my interest was actually real estate. There was no need to do anything else. 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,' he said in an interview with Hong Kong based Tatler Asia magazine.
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.
