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What is Shin Dong-Bin’s net worth?
Shin Dong-Bin is a South Korean businessman who has a net worth of $900 million. Shin Dong-bin (Korean: 신동빈; Hanja: 辛東彬) is a Korean-Japanese businessman. He is the chairman and CEO of Lotte Group, one of many largest conglomerates in South Korea. He is the second son of Shin Kyuk-ho, the founding father of Lotte Group.
In 1993, Shin Dong-bin was appointed CEO of Lotte’s Japanese operations. He oversaw a interval of fast progress for the corporate, and Lotte turned one of many largest conglomerates in Japan. Shin Dong-bin was additionally instrumental in increasing Lotte’s operations into China and different Asian international locations.
In 2010, Shin Dong-bin’s older brother, Shin Dong-joo, was faraway from his place as CEO of Lotte Group. This led to a bitter feud between the 2 brothers, as they each vied for management of the corporate. In 2015, Shin Dong-bin was capable of consolidate his management of Lotte Group, and he has been the chairman and CEO of the corporate ever since.
In addition to his enterprise profession, Shin Dong-bin has additionally been lively in philanthropy. He is the founding father of the Lotte Foundation, which offers scholarships to college students from deprived backgrounds. He can be a member of the World Economic Forum’s Young Global Leaders program.
Shin Dong-bin is a posh and contradictory determine. He is a profitable businessman who has achieved nice issues, however he’s additionally a person who has been accused of great wrongdoing. His story is a reminder that even essentially the most profitable persons are not resistant to the human flaws of greed, ambition, and energy.
Early Life
Shin Dong-bin was born in Tokyo, Japan, in 1956. He is the second son of Shin Kyuk-ho, the founding father of Lotte Group. His mom, Keiko Takeda, was a Japanese nationwide. Shin Dong-bin has an older brother, Shin Dong-joo, and a youthful sister, Shin Young-ja.
Shin Dong-bin attended Aoyama Gakuin University in Tokyo, the place he studied economics. After graduating from college, he labored for Nomura Securities’ London department for 2 years.
Early Career
In 1988, Shin Dong-bin joined Lotte Group, the place he labored in a wide range of roles, together with as the top of Lotte’s U.S. department. In 1993, he was appointed CEO of Lotte’s Japanese operations. He oversaw a interval of fast progress for the corporate, and Lotte turned one of many largest conglomerates in Japan.
Jeon Heon-Kyun-Pool/Getty Images
Succession Battle
In 2010, Shin Dong-bin’s older brother, Shin Dong-joo, was faraway from his place as CEO of Lotte Group. This led to a bitter feud between the 2 brothers, as they each vied for management of the corporate. The feud got here to a head in 2015, when Shin Dong-bin was capable of consolidate his management of Lotte Group, and he has been the chairman and CEO of the corporate ever since.
Legal Problems
In 2018 Shin Dong-bin was sentenced to 30 months in jail after being discovered responsible of fees of allegedly giving a bribe definitely worth the equal of $6.5 million to a confidante of the previous President of South Korea. The sentence was ultimately suspended and diminished to time served.
Philanthropy
Shin Dong-bin is a philanthropist. He is the founding father of the Lotte Foundation, which offers scholarships to college students from deprived backgrounds. He can be a member of the World Economic Forum’s Young Global Leaders program.
Personal Life
Shin Dong-bin is married to Manami Shigemitsu. They have two kids, a son and a daughter.
All web worths are calculated utilizing knowledge drawn from public sources. When supplied, we additionally incorporate non-public ideas and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
