South Korea

Top 10 Richest People in South Korea and Biography 2023

South Korea is home to some of the most wealthy individuals in the world. This article explores the richest people in South Korea, their biographies, and their net worths. Those featured include Duane McLaughlin, Kwon Hyuk-Bin, Jay Y. Lee, Seo Jung-jin, Kim Beom-su Net Worth, Hong Ra-hee Net Worth, Song Chi-hyung Net Worth and Lee Boo-Jin Net Worth.

South Korea is home to some of the world’s wealthiest people, with a combined net worth of over $80 billion. Among these, Duane McLaughlin and Kwon Hyuk-Bin are two of the richest people in South Korea, with net worth figures topping $6 billion each.

Jay Y Lee is another wealthy Korean businessman who has acquired a fortune estimated at around $5.9 billion; Seo Jung-jin and Kim Beom-su come in next with net worth figures of approximately $3 billion each.

Hong Ra-hee is another one to watch as she has an impressive net worth figure estimated at around $2.8 billion; in comparison, Song Chi-hyung and Lee Boo-jin round it up with fortunes amounting to nearly $2.7 and $2.4 billion, respectively.

Table of Contents

Richest People in South Korea and Biography

Richest People in South Korea and Biography
NameNet WorthBiography
Kwon Hyuk-Bin$9 BillionKwon Hyuk-Bin is the co-founder and chairman of Naver Corporation, a South Korean online search company.
Jay Y. Lee$8.1 BillionJay Y. Lee is the vice-chairman of Samsung Group, a South Korean multinational conglomerate.
Seo Jung-jin$6.6 BillionSeo Jung-jin is the founder and CEO of Celltrion, a South Korean biopharmaceutical company.
Kim Beom-su$4.8 BillionKim Beom-su is the founder and CEO of Kakao, a South Korean internet company.
Hong Ra-hee$4.7 BillionHong Ra-hee is the widow of Lee Kun-hee, the former chairman of Samsung Group.
Song Chi-hyung$3.4 BillionSong Chi-hyung is the founder and CEO of Dunamu, a South Korean fintech company.
Lee Boo-Jin$3.3 BillionLee Boo-Jin is the president and CEO of Hotel Shilla, a South Korean hotel and duty-free operator.
Yoo Jung-hyun$3.0 BillionYoo Jung-hyun is the founder and chairman of Doosan Group, a South Korean conglomerate.
Duane McLaughlin$2.5 BillionDuane McLaughlin is the CEO of Enspire Partners, a South Korean private equity firm.
Jim Everett$15 MillionJim Everett is a former NFL quarterback who played for the Los Angeles Rams, New Orleans Saints, and San Diego Chargers.
Rick Honeycutt$7 MillionRick Honeycutt is a former MLB pitcher who played for several teams, including the Los Angeles Dodgers.

Kwon Hyuk-Bin Net Worth $9 Billion and Biography

TOP 10 RICHEST PEOPLE IN SOUTH KOREA and Biography

Kwon Hyuk-Bin, also known as Brian Kwon, was born in South Korea on June 11, 1968. He graduated from Seoul National University with a degree in industrial engineering and worked at Samsung Electronics before co-founding Naver Corporation in 1999.

Naver Corporation is a South Korean online search and technology company known for its popular search engine, mobile messaging application Line, and webcomic platform Webtoon. Naver is one of the largest internet companies in South Korea, with a market capitalization of over $50 billion.

Under Kwon’s leadership, Naver has expanded its services to include e-commerce, fintech, and cloud computing. Kwon also focuses on innovation, research, and development, investing heavily in artificial intelligence and other emerging technologies.

According to Forbes’ 2022 Billionaires List, Kwon Hyuk-Bin’s net worth is estimated to be $9 billion, making him one of the richest people in South Korea and the world. In addition to his role at Naver, Kwon also serves as a board of directors member for several other companies, including Woowa Brothers, a South Korean food delivery company.

Kwon Hyuk-Bin is known for his low-profile and private nature, rarely giving interviews or publicly appearing. However, his impact on the South Korean technology industry and global internet landscape is undeniable, cementing his place as one of the most influential business leaders of our time.

Read more: Kwon Hyuk-Bin Net Worth 2023 | An Insight into His Net Worth

Jay Y. Lee’s Net Worth is $8.1 Billion, and his Biography

Jay Y. Lee is a South Korean business magnate and the current Vice Chairman of Samsung Electronics. He was born on March 23, 1968, in Washington, D.C., United States, but grew up in South Korea. His full name is Lee Jae-yong, also known as Jay Lee.

Lee attended Seoul National University, earning a degree in East Asian history. He then studied at Keio University in Japan, where he earned his MBA. After completing his studies, Lee returned to South Korea to join the family business Samsung Group in 1991.

Lee started his career at Samsung by working in the company’s Tokyo office. He then worked in several roles within the company, including in the corporate strategic planning office and as the president of Samsung’s telecommunication business.

In 2012, Lee was appointed Vice Chairman of Samsung Electronics, the flagship company of the Samsung Group. He took over the role from his father, Lee Kun-hee, who had suffered a heart attack. Lee was widely expected to take over as the head of the Samsung Group, but his father’s death in October 2020 complicated matters.

Lee has been involved in several high-profile legal cases in recent years. In 2017, he was convicted of bribery and corruption charges and sentenced to five years in prison. He was released on appeal after serving less than a year in jail.

According to Forbes, as of 2022, Jay Y. Lee’s net worth is estimated to be $8.1 billion. He is one of the wealthiest people in South Korea and one of the richest tech executives in the world.

Jay Y. Lee is a prominent figure in the business world, particularly in South Korea. He has played a significant role in the success of Samsung Electronics and is considered one of the most influential people in the tech industry. Despite his legal troubles, he remains a key figure in the Samsung Group and a major global business player.

Read more: Jay Y. Lee Net Worth 2023 | The Incredible Rise of Jay Y. Lee

Seo Jung-jin’s New Worth of $6.6 Billion and Biography

Seo Jung-jin is a South Korean entrepreneur and the founder of Celltrion, a biopharmaceutical company. He was born on December 22, 1957, in South Korea.

Seo began his career as a pharmacist after earning a degree in pharmacy from Chung-Ang University. He then went on to earn a master’s degree in business administration from Korea University.

In 1999, Seo founded Celltrion, which specializes in developing biosimilars and innovative biopharmaceuticals. The company has become one of the leading biopharmaceutical companies in South Korea and has expanded its operations globally.

Under Seo’s leadership, Celltrion has developed several native products, including biosimilars for treating autoimmune diseases. The company has also been involved in the fight against the COVID-19 pandemic, developing a monoclonal antibody treatment and a rapid diagnostic test for the virus.

As of 2022, Seo Jung-jin’s net worth is estimated to be $6.6 billion, according to Forbes. He is one of the wealthiest people in South Korea and has been recognized for his contributions to the biopharmaceutical industry.

In addition to his work with Celltrion, Seo is also known for his philanthropy. He has donated millions to various causes, including education and healthcare.

Seo Jung-jin is a prominent figure in the biopharmaceutical industry and a successful entrepreneur. His leadership has helped establish Celltrion as a global leader in developing biosimilars and innovative biopharmaceuticals.

He is also known for his philanthropy, and his contributions to various causes have positively impacted society.

Kim Beom-Su Net Worth $4.8 Billion and Biography

Kim Beom-su is a South Korean entrepreneur and the founder of Kakao Corp., one of the largest tech companies in South Korea. As of 2022, his net worth is estimated at $4.8 billion.

Kim Beom-su was born on February 21, 1966, in Busan, South Korea. He graduated from the Korea Advanced Institute of Science and Technology with a degree in electrical engineering. After completing his studies, Kim began working for Samsung Electronics in 1991, where he helped develop the company’s first mobile phone.

In 1995, Kim left Samsung Electronics to start  Hangame Communications. The company specialized in online gaming and quickly became one of the leading game developers in South Korea. In 2001, Kim sold Hangame Communications to NHN Corporation, now known as Naver Corporation, for $86 million.

In 2006, Kim founded Kakao Corp., a mobile messaging app quickly gaining popularity in South Korea. Kakao Corp. has since expanded its services to include a variety of other apps and services, including KakaoTalk, KakaoPay, and Kakao Games.

Under Kim’s leadership, Kakao Corp. has become one of the largest tech companies in South Korea, with a market value of over $50 billion as of 2022. The company has also expanded internationally, with offices in various countries worldwide.

Kim Beom-su is widely recognized as one of the most successful entrepreneurs in South Korea. He has received numerous awards and accolades for his contributions to the tech industry, including being named one of the 100 most influential people in the world by Time magazine in 2020. In addition to his work with Kakao Corp., Kim is also known for his philanthropic efforts, having donated millions of dollars to various causes.

Hong Ra-hee Net Worth $4.7 Billion and Biography

Hong Ra-hee is a South Korean businesswoman and the wife of Lee Kun-hee, the late chairman of Samsung Group. As of 2022, her net worth is estimated to be $4.7 billion.

Hong Ra-hee was born on March 13, 1949, in Daegu, South Korea. She graduated from Ewha Womans University with a degree in French literature. After completing her studies, Hong began working as a curator at the National Museum of Contemporary Art in Seoul.

In 1987, Hong married Lee Kun-hee, the chairman of Samsung Group. Over the years, Hong became increasingly involved in managing Samsung Group, serving as the director of the Leeum, Samsung Museum of Art, and the Samsung Foundation of Culture.

Following the death of her husband in 2020, Hong became one of the largest shareholders of Samsung Group, with a stake of over 2%. She is also a member of the board of trustees of the University of Ulsan and a member of the International Council of the Museum of Modern Art in New York.

Hong Ra-hee is widely recognized for her contributions to the arts and culture in South Korea. She has received numerous awards and accolades for her philanthropic work, including the Ho-Am Prize in the Arts, which is one of the most prestigious cultural awards in South Korea.

Hong is also known for supporting education and has donated millions to various universities and educational institutions.

The Rise of Song Chi-hyung Net Worth $3.4 Billion and Biography

Song Chi-hyung is a South Korean entrepreneur and the founder of Dunamu, the company behind the popular cryptocurrency exchange Upbit. He was born on April 17, 1981, in South Korea.

Song studied computer science at the Korea Advanced Institute of Science and Technology (KAIST). After completing his studies, he worked for several tech companies, including Samsung and NHN Corporation.

In 2013, Song founded Dunamu with the intention of creating a platform for trading digital assets. The company’s flagship product, Upbit, quickly became one of the most popular cryptocurrency exchanges in South Korea, with millions of users selling billions of dollars worth of digital assets.

Under Song’s leadership, Dunamu has expanded its operations to include several other products and services, including a stock trading platform and a digital asset wallet. The company has expanded its operations globally, with offices in several countries.

As of 2022, Song Chi-hyung’s net worth is estimated to be $3.4 billion, according to Forbes. He is one of the wealthiest people in South Korea and has been recognized for his contributions to the tech industry.

In addition to his work with Dunamu, Song is known for his philanthropy. He has donated millions to various causes, including education and healthcare.

Song Chi-hyung is a successful entrepreneur and a leading figure in the cryptocurrency industry. His leadership has helped to establish Dunamu as a major player in the digital asset market, and the company’s expansion into other services has helped to diversify its revenue streams.

He is also known for his philanthropy, and his contributions to various causes have positively impacted society.

Lee Boo-Jin Net Worth $3.3 Billion and Biography

Lee Boo-Jin is a South Korean businesswoman and the daughter of former Samsung Group Chairman Lee Kun-hee. She was born on January 23, 1970, in South Korea.

Lee studied at the Parsons School of Design in New York City and later received an MBA from the Thunderbird School of Global Management. She started her career at Samsung in 1989 and worked in various roles in the hotel and theme park businesses.

In 2013, Lee was appointed the CEO of Hotel Shilla, a luxury hotel chain owned by Samsung. Under her leadership, the company has expanded its operations domestically and internationally, with new hotels opening in major cities worldwide.

Lee also serves as the president of Samsung C&T Corporation, a major South Korean construction company. She has been instrumental in the company’s expansion into new markets, including the United Arab Emirates and the United States.

According to Forbes, as of 2022, Lee Boo-Jin’s net worth is estimated at $3.3 billion. She is one of the wealthiest women in South Korea and has been recognized for her contributions to the hospitality and construction industries.

In addition to her work with Samsung, Lee is involved in several philanthropic endeavors. She serves as the chairperson of the Hotel Shilla Cultural Foundation, which supports various cultural and artistic initiatives in South Korea.

Lee Boo-Jin is a successful businesswoman and a leading figure in the hospitality and construction industries. Her leadership at Hotel Shilla and Samsung C&T Corporation has helped to establish these companies as major players in their respective markets.

She is also known for her philanthropy; her contributions to cultural and artistic initiatives have positively impacted society.

Read more: The Rise of Lee Boo-Jin Net Worth 2023 | A Self-Made Billionaire 

Yoo Jung-hyun Net Worth $3.0 Billion and Biography

Yoo Jung-hyun is a South Korean businessman and the founder of Nexon, one of the world’s leading online gaming companies. He was born on November 20, 1966, in South Korea.

Yoo studied computer science at the Seoul National University and later received an MBA from the University of California, Los Angeles. He started his software engineering career at several companies before founding Nexon in 1994.

Under Yoo’s leadership, Nexon has become one of the world’s most successful online gaming companies, with popular titles such as MapleStory, KartRider, and Dungeon Fighter Online. The company has expanded its operations to include mobile gaming and other digital content.

According to Forbes, as of 2022, Yoo Jung-hyun’s net worth is estimated at $3.0 billion. He is one of the wealthiest people in South Korea and has been recognized for his contributions to the gaming industry.

In addition to his work with Nexon, Yoo is involved in several philanthropic endeavors. He has donated millions to various causes, including education and healthcare.

In 2014, Yoo stepped down as the CEO of Nexon to focus on his philanthropy work. He founded the Yoo Foundation, which supports various social and environmental causes in South Korea and worldwide.

Yoo Jung-hyun is a successful businessman and a leading figure in the online gaming industry. His leadership at Nexon has helped establish the company as a major player in the gaming market, and its success has significantly impacted the global gaming industry. He is also known for his philanthropy, and his contributions to various causes have positively impacted society.

Duane McLaughlin Net Worth $2.5 Billion and Biography

Duane McLaughlin is among the top billionaires in the world today. His estimated net worth of $2.5 billion makes him one of the wealthiest people on earth, and he has earned his fortune through an impressive variety of business investments.

Born in 1959, Duane McLaughlin grew up in Philadelphia and developed a passion for business at an early age. He graduated from college with a finance degree and worked as a financial analyst before eventually founding his own company, which specializes in healthcare technology investments.

McLaughlin has been lauded for his successful business decisions and has made numerous investments that have resulted in lucrative returns for himself and his clients. He’s also been philanthropic, donating millions to several charitable causes.

Read more: Duane McLaughlin Net Worth 2023 | The Rise and Rise of a Successful Entrepreneur

Jim Everett’s Net Worth is $15 Million, and their Biography

Jim Everett is a former American football quarterback who played in the National Football League (NFL) for 12 seasons. He was born on January 3, 1963, in West Covina, California, United States.

Everett played college football at Purdue University and was drafted by the Houston Oilers in the first round of the 1986 NFL Draft. He played for the Oilers for three seasons before being traded to the Los Angeles Rams in 1989.

Everett played for the Rams from 1989 to 1993, and during his tenure with the team, he set several franchise records, including the most career passing yards and the most career touchdown passes. He also led the team to the playoffs in 1989, 1990, and 1991.

After leaving the Rams, Everett played for the New Orleans Saints and the San Diego Chargers before retiring in 1997. He finished his career with 34,837 passing yards, 203 touchdown passes, and a quarterback rating 78.6.

As of 2022, according to Celebrity Net Worth, Jim Everett’s net worth is estimated to be $15 million. He has also worked as a sports analyst for various media outlets, including ESPN and NBC Sports.

Off the field, Everett has been involved in several charitable endeavors, including the Jim Everett Foundation, which supports various educational and community-based initiatives.

Jim Everett is a former NFL quarterback who enjoyed a successful career in the league, setting several franchise records and leading his team to the playoffs multiple times. He has also worked as a sports analyst and has been involved in charitable activities off the field.

Rick Honeycutt’s Net Worth is $7 Million, and their Biography

Rick Honeycutt is a retired American professional baseball pitcher who played in the Major League Baseball (MLB) for 21 seasons. He was born on June 29, 1954, in Chattanooga, Tennessee, United States.

Honeycutt played college baseball at the University of Tennessee before being drafted by the Pittsburgh Pirates in the 17th round of the 1976 MLB Draft. He made his MLB debut with the Pirates in 1977 and played for several other teams, including the Texas Rangers, Los Angeles Dodgers, Oakland Athletics, and St. Louis Cardinals.

Honeycutt was known for his versatility as a pitcher, having played as both a starting pitcher and a relief pitcher during his career. He was also known for his effectiveness as a left-handed pitcher, with a career record of 109 wins and 143 losses, an earned run average (ERA) of 3.72, and 1,244 strikeouts.

After retiring as a player, Honeycutt went on to work as a pitching coach for several teams, including the Los Angeles Dodgers and the Oakland Athletics. He is widely regarded as one of the most successful pitching coaches in MLB history, having helped numerous pitchers improve their skills and succeed on the field.

As of 2022, Rick Honeycutt’s net worth is estimated to be $7 million, according to Celebrity Net Worth. He has also been recognized for his contributions to baseball, having been inducted into the Tennessee Sports Hall of Fame in 2009.

Off the field, Honeycutt has been involved in several charitable endeavors, including the ALS Association, which raises awareness and funds for research into amyotrophic lateral sclerosis (ALS).

Rick Honeycutt is a retired professional baseball pitcher who enjoyed a successful career in the MLB and has gone on to have a successful career as a pitching coach. He is known for his versatility as a pitcher and his effectiveness as a left-handed pitcher.

He has also been recognized for his contributions to baseball and has been involved in charitable activities off the field.

Read more: What is Rick Honeycutt’s Net Worth 2023

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