Shin Dong-Bin’s profile picture

Shin Dong-Bin

Lotte Shopping
Shin Dong-Bin’s profile picture
Net worth 2018: $1.26 Billion
Residence: Seoul, South Korea
Country: South Korea
BirthDay: 14 February 1955
Sigh: Pisces
Children: 3
Education: Bachelor of Arts / Science, Aoyama Gakuin University; Master of Business Administration, Columbia Business School
BIOGRAPHY

Shin Dong-Bin was bornon 14 February 1955 in Seoul, South Korea, South Korea, is Lotte Shopping. Shin Dong-Bin is #1676 in List Billionaires People In The World. Shin Dong-Bin is the younger son of Shin Kyuk-Ho, who founded Lotte as a confectionery manufacturer in Japan in 1948 and expanded into South Korea in 1967. Today, Lotte Group is South Korea's largest retailer and has other interests ranging from food and beverages to chemicals, construction and professional baseball. In February 2017 Lotte agreed to a land swap with the Korean government to house the controversial U.S. Terminal High Altitude Area Defense (THAAD) system in response to North Korean threats. China, infuriated with the THAAD deployment because the anti-missile system could also track the mainland's own missiles, began boycotting Korean businesses and products. After university Shin worked at Nomura Securities before joining Lotte. In 1997 he rose to vice chairman and began building Lotte with aggressive acquisitions and by diversifying the business. After taking over as chairman of Lotte's Korean affiliates, which comprise the bulk of the group's assets, in 2011, he became embroiled in a bitter feud with his older brother, Shin Dong-Joo, for control of the group, a battle he won in 2016.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$2 Billion

2012

$1.8 Billion

2013

$2 Billion

2014

$1.95 Billion

2015

$1.55 Billion

2016

$1.4 Billion

2017

$1.5 Billion

2018

$1.26 Billion

TIMELINE
Shin Dong-bin (Hangul: 신동빈; Hanja: 辛東彬) (born February 14, 1955) is a Japanese-born South Korean businessman. He also has a Japanese name Akio Shigemitsu (Japanese: 重光昭夫, translit. Shigemitsu Akio) As of 2012, he was CEO of the Korean Lotte Group and the Japanese Chiba Lotte Marines baseball team. He is the second son of Shin Kyuk-ho (Takeo Shigemitsu), founder and first CEO of Lotte Group, and his Japanese wife. He is the younger brother of Hiroyuki Shigemitsu (Korean name Shin Dong-ju), CEO of the Japanese Lotte Group. He graduated from Aoyama Gakuin University with a B.A in economics in 1977 and from Columbia University with an MBA.On December 22, 2017, A Seoul district court handed down to Shin a two-year suspension of a jail sentence with embezzlement and breach of trust in October 2016.
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