Singaporean billionaire Kuok Khoon Hong's 28-year-old son Kuok Meng Ru has Co-founded his own music startup instead of joining his father's palm oil business. Named 'BandLab', the startup is a global cloud-based community for people to create, collaborate and share music. According to Kuok, BandLab is generating millions of dollars in annual revenue and will be fully funded by 2019.