NET WORTH Updated Weekly
04/21/1968
Ace Bed
CEO
Korea University Geology, Bachelor
US$177M ▲ US$737K
Born in 1968, Ace Bed chief executive Ahn Sung-ho is the eldest son of the firm’s founder Ahn Yoo-soo.
The Ace Bed founder was born in 1930 in Sariwon, the capital of North Hwanghae Province, North Korea, and he crossed the border to South Korea when he was 16. The senior Ahn established Ace Bed in 1963. Joining hands with U.S. bed-maker Simmons, Ace Bed launched Simmons Bed in 1992.
Ace Bed’s products received the ISO9001 quality management certification in 1992.
The founder handed over the management of Simmons Bed to his second son Ahn Jung-ho in 2001 and that of Ace Bed to his eldest son in 2002. Simmons Bed has changed its name to Simmons.
Ace Bed and Simmons take the largest and second-largest bed manufacturers in Korea, respectively.