Rank #337
Michael Kim
Net worth $9.9B
Private equity · United States
- Born
- Oct 01, 1963
- Age
- 62
- Source
- Private equity
- Residence
- Seoul
- Citizenship
- United States
- Marital status
- Married
- Children
- 2
- Education
- Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Haverford College
Net worth over time
Biography
- Michael Kim cofounded MBK Partners, the Seoul-based private equity firm that bears his initials and manages more than $33 billion in assets.
- His ING Insurance Korea, which went public in 2017, was the first company wholly owned by a private equity firm to list on the Korean exchange.
- In 2015 his firm's $6.1 billion takeover of Tesco's Korean operation, Homeplus, marked the country's biggest private-equity deal to date.
- Kim was born in South Korea and was educated in the U.S. from preparatory school onward; he obtained U.S. citizenship along the way.
- He is an avid art collector and sits on the board of the Metropolitan Museum of Art.
- Kim is married to Park Kyung-ah, daughter of the late Park Tae-joon, a former prime minister and founder of the steel giant Posco.
- In 2020, he published his first novel, "Offerings," which traces the life of an investment banker amid the 1997 Asian financial crisis.