John Lim

Net Worth

$1.213B

-0.01% (24h)

John Lim, a Singaporean real estate magnate, co-founded ARA Asset Management in 2002, leveraging his expertise to build a successful fund management company. His career includes a significant role as Group CEO of ARA for 18 years. With a current net worth of $1.2 billion, he ranks among the wealthiest individuals globally. Lim's career is marked by his founding of ARA Asset Management, which was later acquired by ESR Group, and now chairs his family office, JL Family Office. His commitment to education is evident through the Lim Hoon Foundation, established in honor of his father.

The Full Dossier

Early Life

John Lim was born in Yeoju, Korea, and later emigrated to the United States. He started his career in the real estate business after working for 20 years in real estate with companies like DBS Land.

Rise to Success

John Lim co-founded ARA Asset Management in 2002, with the backing of Hong Kong billionaire Li Ka-shing. ARA focused on REITs and private real estate funds, and under his leadership, the company grew to manage a significant portfolio of assets. In 2016, he led a $1.3 billion buyout to take ARA private. In 2022, ESR Group acquired ARA for $5.2 billion. Lim is now the chairman of his JL Family Office.

Key Business Strategies

Lim's key strategies included partnering with strong financial backers, focusing on the management of REITs and private real estate funds, and expanding ARA's assets under management. He emphasized building partnerships and a strong team, which were central to ARA's growth.

Philanthropy

Lim's philanthropic efforts center on education. He established the Lim Hoon Foundation, a charitable trust dedicated to supporting academic achievement, particularly for students from low-income families.

Career Timeline

2025

Sold stake in ESR Group and Resigned

Sold his stake in ESR Group and resigned from the board, now chairman of JL Family Office.

2016

Took ARA private

Led a $1.3 billion buyout to take ARA private from the Singapore Stock Exchange.

2002

Cofounded ARA Asset Management

Founded real estate fund manager ARA Asset Management.

Philanthropic Impact

Education$1M (cumulative)

Lim Hoon Foundation

Provides scholarships to disadvantaged students in Singapore.

Education$3M

JLFO-LHF Scholarship

Set up JLFO-LHF Scholarship where students receive four-year scholarships.