Park Hyeon-Joo’s profile picture

Park Hyeon-Joo

Mirae Asset
Park Hyeon-Joo’s profile picture
Net worth 2018: $1.87 Billion
Residence: Seoul, South Korea
Country: South Korea
Children: 3
Education: Bachelor of Arts / Science, Korea University

Park Hyeon-Joo was born in Seoul, South Korea, South Korea, is Mirae Asset. Park Hyeon-Joo is #1275 in List Billionaires People In The World. Park Hyeon-Joo, the father of Korea's mutual fund industry, realized that small investors hungered for easier access to the market. So he quit his job as a branch manager at a brokerage firm and, amidst the rubble of the Asian financial crisis, founded Mirae Asset Investment Advisory and a venture capital affiliate in 1997. He launched Korea's first closed-end mutual fund the following year, along with an asset management company. Now operating in 12 countries, the firm has approximately $90 billion in assets under management. Specializing in Asian and emerging markets, Mirae has found a sweet spot with low-cost exchange-traded funds. In 2010, the Harvard Business School -- intrigued at how Mirae was able to outmaneuver conglomerates that had long dominated the investment business in Korea -- selected Mirae for a case study for its M.B.A. program. Park, meanwhile, has been promoting and funding a variety of charitable endeavors. The Mirae Asset Park Hyeon Joo Foundation provides scholarships to academically promising students from disadvantaged families.


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$1.87 Billion

(3.4/161 votes)
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