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. Private companies were valued by using financial ratios and other comparisons with similar, publicly traded companies. Net worth numbers are based on stock prices and exchange rates as of the close of markets on April 1. The list was compiled using information from the individuals, analysts, government agencies, private databases, stock exchanges and other sources. The minimum amount required to make the list is $950 million, up slightly from $940 million in 2021. Notable among the nine drop-offs this year is the LG clan’s Koo Bon-joon, who donated a chunk of his LG shares to three charitable foundations and gave a part of his stake in holding outfit LX Holdings to his children. Shares of its subsidiary Hyosung Advanced Materials, which makes carbon fiber used in hydrogen fuel-cell vehicles, soared on investor optimism for emission-free cars.
47, $980 million) of industrial conglomerate Hyosung Group.
44, $1.01 billion) and Cho Hyun-joon (No. The sole returnees this year are brothers Cho Hyun-sang (No. Yoo’s 14% stake in online gaming giant Nexon, which she helped Kim start in 1994, was earlier combined with that of her late husband, whose estate is yet to be settled. 15, $3 billion) makes her debut following the sudden death of her husband, Kim Jung-ju, in February. 22, $1.95 billion), who run South Korea’s largest cryptocurrency exchange Upbit. 9, $3.7 billion) and Kim Hyoung-nyon (No. Other newcomers include Dunamu cofounders Song Chi-hyung (No. With a blockbuster funding round in the works, Lee is taking his finance superapp Toss to its next stage with a big push in Southeast Asia. 36, $1.2 billion), who is also featured on the cover of the April/May issue of Forbes Asia. Making his debut is fintech unicorn Viva Republica’s Lee Seung-gun (No. Three out of the seven new faces this year are startup founders. The Harvard Business School dropout comes in at No. As losses mounted at the New York Stock Exchange-listed e-commerce company, his wealth halved to $3.2 billion. Coupang founder Bom Kim, who was last year’s biggest gainer following his company’s blockbuster IPO in March 2021, saw his net worth decline the most in percentage terms.
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