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Business Samsung's Jay Y. Lee, 2nd on Forbes Korea's Richest
The biggest gainer in percentage terms on this year¡¯s list is Bom Kim (No. 7, $6.4 billion), whose wealth was up sixfold to $6.4 billion, following the mega listing of his online retailer Coupang on the New York Stock Exchange. Often compared to Amazon, Coupang raised $4.6 billion in what was the biggest IPO of a foreign company in the US since Alibaba.This year¡¯s ranking also features two newcomers: Bang Shi-Hyuk of Hybe (formerly Big Hit Entertainment) and Korea¡¯s first green energy billionaire, Gim Seong-Gon of CS Wind. Bang debuted at No. 16 with $2.7 billion, thanks to a much-anticipated IPO in Seoul last year. The mastermind behind K-pop phenomenon BTS, Bang saw his wealth soar in April, after announcing the purchase of Ithaca Holdings, which represents American pop stars Justin Bieber and Ariana Grande. Meanwhile, Gim makes his debut at No. 44 with $1.1 billion. His CS Wind, a maker of wind towers, benefited from the government¡¯s push for renewable energy. Among the three returnees to the list is Kwon Hyuk-Woon of IS Dongseo (No. 49, $950 million) who rejoined the list after a three-year hiatus. IS Dongseo, a builder of luxury housing, saw its profits nearly double thanks to rising real estate prices. The minimum amount to make the list was $940 million, up from $610 million last year.The top 10 richest in South Korea are: 1) Seo Jung-Jin; US$12.5 billion 2) Jay Y. Lee; $12.4 billion 3) Kim Jung-Ju; $10.9 billion 4) Kim Beom-Su; $10.6 billion 5) Kwon Hyuk-Bin; $9.5 billion 6) Hong Ra-Hee; $7.1 billion 7) Bom Kim; $6.4 billion 8) Chung Mong-Koo; $5.9 billion 9) Lee Boo-Jin; $4.9 billion 10) Suh Kyung-Bae; $4.8 billion The list was compiled using information from the individuals, analysts, government agencies, private databases, stock exchanges and other sources. Net worth numbers are based on stock prices and exchange rates as of the close of markets on May 14. Private companies were valued by using financial ratios and other comparisons with similar, publicly traded companies.The estimates can include a spouse¡¯s wealth and, if the person is the company founder, the wealth of sons and daughters that is derived from that company. The list can also have those who are included due primarily to extensive business and residential ties to South Korea, or citizens who don¡¯t reside in the country but have significant business or other ties to the country. In cases in which the fortunes of family members are based on the same company, they are combined into one listing, as long as each of them has enough wealth to qualify for the list on their own.For more information, visit www.forbes.com/korea.Forbes MediaForbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. Forbes Media¡¯s brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Forbes Korea:Licensed in 2003, Forbes Korea is a monthly Korean language publication by Joongang Ilbo, one of South Korea¡¯s leading media conglomerates. About one-third of Forbes Korea¡¯s content is from Forbes and Forbes Asia; the rest are local stories. Content include news on South Korea¡¯s entrepreneurs, celebrities, and philanthropists as well as on the lifestyle and insights of the rich and famous in Korea. For media queries, please contact:Catherine Ong Associates Pte Ltd Catherine Ong Franz Navarrete cell: +65 9697 0007 cell: +65 9653 6424 cath@catherineong.com franz@catherineong.com ![]() Malaysia's 50 Richest on Forbes List See ... Listof Taiwan's 50 Richest See Mixed Fortunes Fobes Asia Recognizes Leading Altruists in ... Forbes Reveals Asia's Top 20 Businesswomen Wealth of Philippines' 50 Richest on Forbes ... Forbes Asia Announces Asia's 2021 Best Under A ... Singapore's 50 Richest on Forbes List See ... Forbes Asia Releases "Inaugural 100 to Watch" Wealth of Thailand's 50 Richest Rises More ... Industrial Bank of China Maintains Top Spot on ... Wealth of Taiwan's 50 Richest on Forbes List ... 2,755 Billionaires Announced in Forbes 35th ... Li Ka-Shing Regains Top Spot on 2021 Forbes ... Tycoons on Forbes' 2020 List of Indonesia's 50 ... Wealth of 400 Members on 2020 Forbes China ... Forbes List of India's 100 Richest Shows Gains ... 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