The Richest People In Singapore Right Now, And How They Make Their Money

8. Raj Kumar & Kishin RK, $2.6B

Image Credit: Forbes

The father-son duo behind the Royal Holdings/RB Capital empire are yet another pair that have found their fortune in property.

Raj Kumar (63) is the owner of Royal Holdings, a 70-year-old group with its origins in textile trading. With his younger brother Asok Kumar Hiranandani, both built the company to become the wealthiest non-Chinese family business in Singapore real estate.

In 2014, he announced a merger RB Capital, which was founded by son Kishin RK (34) in 2006.

Owning a slew of properties in Singapore, like InterContinental Hotel at Robertson Quay, Farrer Square Medical Suites, they have plans to open a 60-storey commercial tower at Raffles Place and are looking to expand overseas in the future.

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