Maybe in the US and European countries, it is not uncommon for someone to become a billionaire at the age of 25-40, even Mark Zuckerberg reached this achievement when he was only 23 years old. But for Asian countries, especially Southeast Asia, achieving the billionaire threshold of the above age group is indeed an honor worthy of respect and admiration.
The case of Kishin RK is a prime example. The 37-year-old man officially became the youngest billionaire in Singapore.
Kishin RK was born in 1983, the only son of billionaire Raj Kumar - the owner of the leading real estate group in the lion island nation Royal Holdings. He is considered the youngest dollar billionaire in Singapore currently with a shared fortune of $ 2.7 billion with his father, ranked 13th in Forbes' list of Singapore's richest people in 2020.
Inheriting business "b.lood" from a young age
As the son of a tycoon and also destined to inherit the family fortune, Kishin was both oriented by his parents from an early age and had a natural passion for business from an early age. Since he was in middle school, Kishin was brought to company meetings by his father to learn and observe gradually.
Kishin likes to ask "why" and likens himself to a sponge that is always hungry for knowledge. "Dad is quick-witted. We talk about business a l.ot, even at dinner. Mom is present in most of our conversations and offers an unbiased point of view. It can be very different and there are many. meaning," he said.
Sharing with the press, Kishin said he was guided by his father to buy his first apartment at the age of 12. Singapore's youngest billionaire said that since he was 18 years old, he has determined that real estate business is both a passion and a job he wants to pursue. "When I turned 18, I realized that my real interest was in real estate. I didn't just understand the real estate business of the family business, but also the bigger picture. of real estate and how it works as an industry. And I want to go deeper," said the 37-year-old billionaire.
After finishing college, Kishin started working for his father's company in 2003. Three years later, he sold the apartment as a gift from his parents and used the proceeds to start a company. private - RB Capital.
"I'm passionate about developing something from the ground up, creating a positioning for new real estate that can fill a gap in the market. It doesn't matter how b.ig or small the development, as long as I can bring it to life. a clear e.xecution plan," Kishin said of RB Capital's direction.
Although they also work in the real estate industry, Kishin and his father's businesses target different customers and businesses. A few years later, RB Capital developed to the point of being able to cooperate with Royal Holdings itself in a number of projects. In 2014, Kishin and his father decided to merge the two businesses together, turning into an empire now worth more than 5 billion USD.
"We debated how to shape the future, how to plan to stay relevant in the rapidly changing digital economy," Kishin said of his partnership with his father.
Famous properties jointly owned and co-owned by Kishin's two children include the two five-star Holiday Inn Express hotels at the tourist scene of Clarke Quay and the Intercontinental Singapore Robertson Quay hotel.
With the enormous workload of running one of the largest real estate business empires in the island nation of Singapore, Kishi said that he used to sleep only a few hours a day. Therefore, he often drinks coffee to maintain alertness and work energy. It is said that he can drink up to 8 cups of coffee in a day.
The 37-year-old billionaire feels lucky to receive support and support from his family, but asserts that he always wants to be independent in his work: "My family has always supported me and told me to just do what I want. ", I said.
Likes to volunteer and is secretive about his personal life
Not only working in the field of real estate, Kishin also kicks his foot into the food business. He is the co-founder of TiffinLabs - a company that provides online meals with 1,000 models of shared kitchens in Asia, Europe and the US.
At the same time, Kishin also established a charity fund called "Food is Love" to help provide food for difficult individuals and families during the Covid-19 pandemic. The fund started by providing 20,000 quality meals from restaurants to poor families whose loved ones lost their jobs as well as an additional 10,000 meals for health workers. Up to now, Food is Love is still very active.
Kishin RK stays away from social media because he likes to direct people who want to learn more about him to his business website. His Instagram account is private and has only a few personal photos. Kishin RK's Facebook page hasn't been updated since June 2017.
Kishin said the reason is because he feels "On social media, it's easy to get bogged down in irrelevant information. I want to control what information I receive."
The billionaire likes the limited functionality of his phone more than the apps on his new smartphone - although he admits to buying, but only to monitor his health.
Unlike many other rich kids, although he was born into a powerful family and enjoys many privileges, he does not rely on his parents, nor does he appear with supercars or brands. Instead, he strives to constantly improve to develop his real estate business and, above all, to use his assets to help those who have difficulties in life. Perhaps it is compassion that is the feature that makes everyone respect this youngest billionaire in Singapore.
Although born at the finish line, this 37-year-old billionaire still makes many people admire because of his talent and bravery.
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