Forbes revealed which Korean billionaires are the richest.
Forbes magazine released a list of South Korea’s fifty richest billionaires in 2023. Here are the wealthiest who made it into the top ten.
10. Lee Boo Jin — $3.3 Billion USD
Lee Boo Jin is the fifty-three-year-old president and chief executive of Hotel Shilla, which is the biggest duty-free operator behind Lotte. She’s the oldest daughter of Samsung Group‘s chairman Lee Kun Hee and is a divorced mother of one.
9. Cho Jung Ho — $3.4 Billion USD
Cho Jung Ho is the sixty-five-year-old chairman of Meritz Financial Group. He’s the youngest son of Cho Choong Hoon, the late founder of Hanjin Group, and is a married father of three children.
8. Kim Jung Min And Kim Jung Youn — $3.6 Billion USD
Kim Jung Min and Kim Jung Youn are the daughters of Kim Jung Ju, the late founder of the online gaming company Nexon. The sisters inherited the company’s stakes after their father’s death. They do not run the company and have chosen to live private lives.
7. Mong Koo Chung — $4.1 Billion USD
Mong Koo Chung is an eighty-five-year-old who spent twenty years as the chairman of Hyundai Motor. His billionaire son, Chung Eui Sun, took the position after he stepped down. Mong Koo Chung is the second son of Chung Ju Yung, the late founder of Hyundai Group, and is a married father of four children.
6. Hong Ra Hee — $4.9 Billion USD
Hong Ra Hee is the seventy-eight-year-old widow of Samsung Group chairman Lee Kun Hee, Korea’s richest person before his passing in 2020. They had three children together. Hong Ra Hee’s father was the chairman of JoongAng Ilbo, and her brother Hong Seok Joh is also a billionaire.
5. Kim Beom Su — $5 Billion USD
Kim Beom Su is the fifty-seven-year-old founder of the famous messaging app Kakao. He stepped down as chairman in 2022 and now has more time to spend with his wife and two children.
4. Kwon Hyuk Bin — $5.1 Billion USD
Kwon Hyuk Bin is the forty-nine-year-old founder of the gaming company Smilegate. They partnered with the famous Chinese company Tencent and are even shareholders in the mobile game developer SundayToz. Kwon Hyuk Bin is a separated father of two children.
3. Seo Jung Jin — $5.7 Billion USD
Seo Jung Jin is the sixty-six-year-old co-founder of the biopharmaceutical company Celltrion, which creates drugs to treat various illnesses. He’s a married father of two children. His oldest son Seo Jin Seok co-chairs Celltrion Inc.; his youngest son Seo Joon Serk co-chairs Celltrion Healthcare.
2. Jay Y. Lee — $8 Billion USD
Jay Y. Lee is the fifty-five-year-old executive chairman of Samsung Electronics, taking over the role in 2022 after his father passed in 2020. He’s a divorced father of two children. In 2021, Jay Y. Lee was sentenced to two and a half years in prison for bribing a confidante of former President Park Geun Hye.
1. Michael Kim — $9.7 Billion USD
Michael Kim is the sixty-year-old co-founder of the private equity firm MBK Partners, which handles $26 billion USD in assets. He was born in South Korea but also has U.S. citizenship. Michael Kim is a married father of two children.