Koo Bon-Moo
LG Corporation
$1.76 B
Koo Bon-Moo is the chairman of LG Group, Korea’s fourth-largest conglomerate by assets, with affiliates in industries ranging from electronics, home appliances and climate-control equipment to high-efficiency batteries, chemicals and professional sports. In 1947, Koo’s grandfather, Koo In-Hwoi, co-founded Lucky Chemical Industrial Corp. and began making a popular face cream. Manufacturing caps and jars for the cream paved the way for LG to become Korea’s first mass-producer of plastic goods. Koo began his career with the group in 1975, as a manager at LG Chemical (now LG Chem). He jumped to the group’s flagship affiliate, LG Electronics, in 1980. Since becoming chairman of LG Group in 1995, succeeding his father Koo Cha-Kyung, the conglomerate’s sales have risen from around $38 billion to over $140 billion. Koo’s heir-apparent is his younger brother’s son, Koo Kwang-Mo, whom he adopted in 2004. (Koo’s own son died in an accident in the 1990s.)
Koo Bon-Moo Net Worth: Koo Bon-Moo is a South Korean businessman who has a net worth of $1.6 billion. The eldest grandson of LG founder, In-hwoi Koo, he has spent almost his entire career working for the South Korean multinational conglomerate corporation. Having taken his Master’s degree from Cleveland State University, Bon-Moo has actually accumulated his net worth at LG where he served as chairman since 1995. Fourth-largest company of its kind in South Korea, LG saw a slight fall in the smartphone-making race earlier last year, but still managed to mount big marketing blitz for its Optimus G II phone. It’s also hoping to make a great breakthrough with its new organic light-emitting diode screens for televisions that are thinner and brighter than typical LCD. Mr. Bon-Moo shares his fortune with his wife Kim Young-Shik, whose LG stakes are said to be worth $425 million.
Source:
