Raj Kumar & Kishin RK – Billionaire

Father-son pair, Raj Kumar and Kishin RK, are celebrating the 70th anniversary of their Royal Holdings/RB Capital property empire in Singapore with a flurry of new launches. Their 300-room Park Hotel Farrer Park and Farrer Square Medical Suites, both in Little India, along with a 226-room InterContinental Hotel at Robertson Quay are due to open in mid-2017. Their next project is a 60-story commercial tower, located in the Raffles Place business district, that will be among the tallest in Singapore. Keen to expand overseas, they are scouting for acquisitions in Europe. Raj Kumar’s younger brother Asok Hiranandani is also a billionaire and runs his separate property group.

Raj Kumar and Kishin RK Net Worth: Raj Kumar and Kishin RK are a Singaporean father-and-son duo who shares a net worth of $2.1 billion. They debuted on the world’s richest list after one year of active deal-making that in turn made them add new assets to their Royal Holdings/RB Capital property portfolio in Singapore. Their net worth has been constantly on the rise ever since 2001 when father Raj Kumar and his younger brother Asok inherited an equal part of the family empire. After he had his son join the business, Kumar managed to buy the 223-room Gallery Hotel for $180 million last July, right after snatching the Quayside retail block next door to it. As for the most recent project Kishin’s been working on, it is the newest venture in RB Capital Healthcare. They also opened their 442-room Holiday Inn Express Hotel in the Clark Quay area earlier this year.

Source:

1. forbes

2. celebritynetworth