Business Psychology

Wealth of five richest S. Koreans exceeds N. Korea′s GDP

Wealth of five richest S. Koreans exceeds N. Korea′s GDP, 한국 ‘톱 5’ 부자 재산 40조원…북한 GDP보다 많다
Five South Koreans have made the cut to be included in Bloomberg′s top 400 billionaires list.
But, here′s the catch: the combined wealth of the five richest South Koreans exceeds the GDP of a reclusive state North of the border.
Kim Min-ji has more.
South Korea′s five richest people have more money than North Korea′s GDP.
According to Bloomberg′s Billionaires Index,… five South Koreans made the list of the world′s 400 richest people.
They are Samsung Group Chairman Lee Kun-hee,… AmorePacific Chairman Suh Kyung-bae,… Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Chairman Chung Mong-koo and SK Group Chairman Chey Tae-won.
Combined, their assets make up 36-point-4 billion U.S. dollars.
According to Statistics Korea data,… that′s more than 18 percent higher than the GDP of North Korea,… which stood at just over 29 billion dollars last year.
These five make up almost three percent of the South Korean economy.
To give the figures some context Korea′s richest person Lee Kun-hee′s wealth stood at eleven-point-nine billion dollars.
That means he could buy thirty-thousand Ferrari 458 Spiders.
The world′s richest was none other than Bill Gates,… the co-founder of Microsoft,… whose assets stood at 83-point-4 billion dollars.
Owner of Inditex, the Spanish company that owns fashion brand Zara,… Amancio Ortega ranked second, followed by Warren Buffett of Berkshire Hathaway.
Kim Min-ji, Arirang News.,

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