Shin DongBin Net Worth $2 Billion
MR. Shin – Is it a Scam?
South Korean businessman Shin Dong-Bin is the Chairman of Lotte Group and he has an estimated net worth of $2 billion as of March 2013. According to Forbes, he is the fifth richest man in Korea’s 50 Richest list and is rated 736th in the list of World Billionaires.
Mr. Shin has earned his estimated net worth of $2 billion when he took over the position from father, Shin Kyuk-Ho, who founded the firm and still the Chief Chairman. The group, which will be well known for its production of sweets and ice cream, has enlarged quickly overseas. The group’s stores were opened in new places including Tianjin, China and Jakarta. In 2011, Lotte Mart, which will be among the largest discount store chains in South Korea, has opened its 200th global place in China. Additionally it will open a store in Hanoi, Vietnam where it’s managed through its fastfood chain, Lotteria, way back in 2002.
Aside from actively working on the expansion of the group, Shin Dong-Bin is also managing several other businesses including direction of golf courses and resorts. Mr. Shin is married with three children.