Source of Wealth:Lotte
Full Name:Shin Dong-Joo
Occupation:Chairman of Lotte Holdings and the Vice President of Lotte Group (Japan)
Education:Columbia University and Aoyama Gakuin University
About Shin Dong-Joo
Shin Dong-Joo is a South Korean businessman with an estimated net worth of $1.37 billion as of April 2016 according to Forbes. He is also the eighth richest person in Korea’s 50 Richest List and is ranked 792nd in the list of World Billionaires.
Mr. Shin Dong-Joo is the eldest son of Shin Kyuk-ho, the founder of Lotte Group. He is the current Vice Chairman of Lotte Holdings and the Vice President of Lotte Group in Japan. His brother, Shin Dong-Jin, is Chairman of the company that is best known for its sweets and ice cream production. The two owns identical 14.59% stakes in the department store arm, Lotte Shopping.
Aside from being a maker of sweets, Lotte Group also operates in several business sectors such as golf course and hotels management. Howeve, most of Shin Dong-Joo’s wealth comes from the publicly-traded department store arm, Lotte Shopping. Married and with one child, he currently lives in Tokyom Japan.
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