Mong-Koo Chung
$5.5B
Born
Mar 19, 1938
Age
87
Source of Wealth
Hyundai
Residence
Seoul,
Citizenship
South Korea
Marital Status
Married
Children
4
Education
Bachelor of Arts/Science, Hanyang University
- Mong-Koo Chung was chairman of Hyundai Motor, South Korea's largest automaker, for more than 20 years before stepping down in 2020.
- He was succeeded by his only son Euisun, who is also a billionaire.
- He is the second son of the late Chung Ju-yung who came from a peasant family and later founded the Hyundai Group, once Korea's biggest conglomerate.
- His second-biggest holding is in the publicly-listed auto parts company Hyundai Mobis.
- Chung is often nicknamed a "bulldozer" for his blunt and forceful style.
- In 2007 Chung was sentenced to 3 years in prison for embezzling company funds; he only spent a few months behind bars prior to his sentence being suspended.
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