[BORN TO BE RICH] AmorePacific chairman Suh Kyung-bae, 53, is the richest in the age bracket of between 50 and 59 years.
He is also Korea’s second-wealthiest individual. Suh is one of the six children of the late Suh Sung-hwan, founder of AmorePacific. The junior Suh took over the firm in 1997.
Suh’s assets are currently worth 9.9 trillion won. Among them are AmorePacific Group stocks, both ordinary and preferred stocks, which are worth 7.29 trillion won.
Amore Pacific chairman Suh Kyung-bae.
He also has 2.58 trillion won worth of AmorePacific Corp. shares. The firm is a subsidiary of AmorePacific Group.
Suh’s real estate is worth over 23.1 billion won. He purchased his 672.6 square-meter Hannam-dong home for 17.4 billion won in 2012.
His Itaewon-dong home -- currently under construction -- has an appraised value of 5.6 billion won.
By Kim Ji-hyun (email@example.com)