Portrait of Suh Kyung-bae

Rank #3170

Suh Kyung-bae

Net worth $1.1B

Cosmetics · South Korea

Born
Jan 14, 1963
Age
63
Source
Cosmetics
Residence
Seoul
Citizenship
South Korea
Marital status
Married
Children
2
Education
Master of Business Administration, Samuel Curtis Johnson Graduate School of Management; Bachelor of Arts/Science, Yonsei University

Net worth over time

Biography

  • Suh Kyung-bae is the chairman of Amorepacific, South Korea's largest cosmetic and skincare maker by revenue.
  • He's capitalized on the Hallyu wave, a keen interest in Korean pop culture that has swept Asia and the U.S.
  • The only one out of six children interested in the business, Suh joined the company in the 1980s and became CEO in 1997.
  • Amorepacific traces its roots to Suh's grandmother, who sold camellia oil as a hair treatment across the Korean peninsula.
  • In the 1960s Amorepacific hired women who went from door to door selling products on commission; some of them had lost their husbands in the Korean War.

Financial assets

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