Asok Hiranandani

Asok Kumar Hiranandani

Hiranandani is estimated to be worth $1.4 billion. The Royal Group, which the property tycoon heads, recently opened the five-star 215-room The Sofitel Singapore Sentosa Resort & Spa, which was acquired two years ago. The group also purchased DoubleTree by Hilton in Kuala Lumpur for $144.83 million in April last year. In addition to two hotels in the Chinatown area, the Royal Group also owns assets in Australia and Indonesia, including the new InterContinental Hotel in Double Bay Sydney, which was previously a Ritz-Carlton property.