Billionaire Profile

Global Rank

#2112

Image: Unsplash Contributor | Unsplash License | via Unsplash

Asok Kumar Hiranandani

CEO, Real estate

SINGAPORE

Real-Time Net Worth

$1.921B

Estimated based on Real estate stock value as of March 6, 2026

0% (24h)

Age

Source

Real estate

Industry

Diversified

Citizenship

SINGAPORE

Biography

Asok Kumar Hiranandani, a Singaporean businessman of Indian origin, is a prominent figure in the real estate sector. He co-founded the Royal Brothers property group and currently heads the Royal Group Holdings. Hiranandani's wealth stems primarily from his real estate ventures, including hotels, shopping malls, and office towers across the Asia-Pacific region. His career spans decades, marked by strategic investments and a keen eye for market opportunities. Asok is known for developing and selling properties for profit. He has a history of successful property deals, and is currently focused on the Raffles Sentosa Resort & Spa project.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Asok Kumar Hiranandani was born in Singapore. His father started a textile business in Singapore after migrating from India. The business was taken over by Asok and his brother after a health crisis.

Rise to Success

The Hiranandani brothers initially ran the textile business. However, they soon realized the potential of real estate. Their first major success came in 1995 with the sale of Promenade Mall. In 2011, the family's property empire was split between Asok and his brother, Raj Kumar, leading to the establishment of Royal Group. Royal Group has focused on developing and selling properties for a profit. Royal Group generated over S$800 million from the sale of at least five hotel projects in the past decade.

Key Business Strategies

Hiranandani's strategy involves acquiring, improving, and selling properties to generate returns. This strategy includes investments in commercial, office, and hotel properties. Royal Group's strategy involves a focus on the hospitality sector, with significant projects like the Sofitel Singapore Sentosa Resort and the Raffles Sentosa Resort & Spa.

Philanthropy

While specific amounts are not readily available, Dimple Hiranandani Aswani, Asok's daughter, focuses on philanthropy for the family.

Career Milestones

1985

Entered Real Estate

Focused on real estate investments with the acquisition of Lucky Plaza.

1995

First Major Fortune

Sale of Promenade Mall.

2011

Split of Royal Brothers

Founded Royal Group to hold his share of the assets.

2024

Opened Raffles Hotel

Opened Singapore's second Raffles Hotel in Sentosa, consisting of 62 villas.

Philanthropy & Social Impact

General

Various

Undisclosed

Philanthropic activities are managed by his daughter, Dimple Hiranandani Aswani.

Business Philosophy & Leadership

Notable Quotes

"“We don't have emotional attachments to our projects. We are a family office. We need to bring fresh injections of capital into the business. Every five years, there's an asset monetization plan to bring in fresh capital.”"

Leadership Principles

Strategic Investments

Focus on acquiring, improving, and selling properties for profit.

Family Office Approach

Making decisions in the family business, not getting emotionally attached to projects and monetizing assets to bring in fresh capital.

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