Early Life
Information on John Lim's early life is limited. However, it is known that he was born in Singapore and pursued a Bachelor of Engineering degree from the National University of Singapore.
Rise to Success
John Lim co-founded ARA Asset Management in 2002, with backing from Hong Kong billionaire Li Ka-shing. ARA Asset Management focused on the management of REITs and private real estate funds. In 2016, Lim, along with Warburg Pincus and China's AVIC Trust, took ARA private from the Singapore Stock Exchange in a $1.3 billion buyout. In 2022, ESR Group acquired ARA for $5.2 billion in stock and cash. Lim sold out his small stake in ESR Group and resigned from the board, now chairing his JL Family Office.
Key Business Strategies
Lim's business strategy has involved identifying and capitalizing on opportunities in the real estate market, particularly in the Asia-Pacific region. He has been adept at forming strategic partnerships, such as with Li Ka-shing, and navigating complex financial transactions, including the privatization of ARA. His focus on the management of REITs and private real estate funds has been a core element of his success.
Philanthropy
John Lim, along with his son Andy Lim, established the Lim Hoon Foundation, which provides scholarships to disadvantaged youths in Singapore. The foundation has granted over 1,600 bursaries totaling about $1 million to students. The foundation also donates to Singapore Management University (SMU), contributing to the JLFO-LHF Scholarship program.
