Rank #2736
Kim Jung-woong
Net worth $1.0B
Cosmetics · South Korea
- Born
- Jan 01, 1975
- Age
- 51
- Source
- Cosmetics
- Residence
- Seoul
- Citizenship
- South Korea
- Marital status
- Married
- Children
- 1
- Education
- Associate in Arts/Science, Daelim University
Net worth over time
Biography
- Kim Jung-woong is the founder and chief executive of GP Club, a Seoul-based cosmetics firm.
- His company is best known for its line of JM Solution facial masks, which have become a hit among Chinese consumers.
- In 2018, Goldman Sachs invested 75 billion won ($67 million) for a 5% stake in the company. It reportedly exited the investment without a profit in 2022 due to declining sales at GP Club.
- Kim started his entrepreneurial journey selling video games and consoles from a small Seoul apartment.
- After losing his father at age 15, Kim says he was driven by the need to make money early on.