Ron Sim
{{Short description|Singaporean business magnate and investor (born 1958)}}
{{Distinguish|Ron Sims}}
{{family name hatnote|Sim (沈)|lang=Chinese}}
Ron Sim Chye Hock ({{zh|s=沈財福}}, 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$1.4{{nbsp}}billion.
Early life
Ron Sim Chye Hock{{cite book|author1=Rita Gunther McGrath|author2=Ian C. MacMillan|title=Marketbusters: 40 Strategic Moves that Drive Exceptional Business Growth|url=https://archive.org/details/marketbusters40s00rita|url-access=registration|year=2005|publisher=Harvard Business School Press|isbn=978-1-59139-123-4|page=[https://archive.org/details/marketbusters40s00rita/page/171 171]}} was born in 1958 in Singapore. As a child, he sold noodles for a living.{{cite news|newspaper=CNN|url=http://edition.cnn.com/2008/BUSINESS/04/29/boardroom.sim/#cnnSTCText|title=Entrepreneur at heart: Ron Sim|date=May 5, 2008|last=Stevens|first=Andrew}}
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.{{cite web|url=https://www.forbes.com/profile/ron-sim/|title=Ron Sim|work=Forbes|access-date=September 28, 2013}} His estimated net worth increased to a billion dollars, mostly due to Osim's shares rapidly soaring.{{cite news|url=https://www.forbes.com/sites/naazneenkarmali/2013/08/28/ron-sim-becomes-billionaire-helped-by-rising-shares-of-massage-chair-retailer-osim/|work=Forbes|title=Ron Sim Becomes Billionaire Amid Rising Shares Of OSIM|date=August 28, 2013|last=Naazneen |first=Karmali}}
Other ventures and recognition
Sim is an advisory board member of the Lee Kong Chian School of Business in Singapore.{{cite web|url=http://business.smu.edu.sg/business/about/advisory-board/ron-sim|title=Mr Ron SIM|publisher=Singapore Management University|access-date=September 28, 2013}} 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
References
{{Reflist}}
{{DEFAULTSORT:Sim, Rom}}
Category:Singaporean people of Hokkien descent