Net Worth & Profile
Shin Dong-Joo Biography and Net Worth
Shin Dong-joo was previously the CEO of the large Japanese conglomerate Lotte Group. He is the eldest son of Shin Kyuk-ho, the founder of Lotte Group.
Who is Shin Dong-Joo?
Shin Dong-joo was previously the CEO of the large Japanese conglomerate Lotte Group. He is the eldest son of Shin Kyuk-ho, the founder of Lotte Group.
Bio Data
| Name | Shin Dong-Joo |
| Gender | Male |
| Date of Birth | 28 January 1954 |
| Age | 69 years old |
| Place of Birth | Tokyo, Japan |
| Profession | Businessperson |
| Nationality | Japan |
| Net worth | $880 Million |
Biography
Shin Dong-joo was born in Tokyo, Japan, on 28 January 1954. He studied industrial engineering at Aoyama Gakuin University.
He worked for Mitsubishi Corporation for two years after graduating from university. Then, in 1978, he began working for the Lotte Group. He went on many jobs there, even overseeing Lotte’s US business.
Career
Shin Dong-joo was appointed CEO of Lotte’s Japanese division in 1987. The business expanded quickly under his leadership and eventually became one of Japan’s biggest corporations. He was instrumental in increasing Lotte’s footprint in China and other Asian nations.
Shin Dong-bin, his younger brother, succeeded him as CEO of Lotte Group in 2010. As they both fought for control, this sparked a ferocious rivalry. In Japan, Shin Dong-joo was effectively ousted from his post by Shin Dong-bin in 2015.
Shin Dong-joo, who currently resides in the US, has filed lawsuits against both his brother and Lotte Group, alleging wrongful deportation. A Seoul court concurred with Shin Dong-joo in 2017 and gave him a $1.2 billion damage award.
Net Worth
South Korean businessman Shin Dong-Joo has an estimated net worth of $880 million. His net worth peaked at more than $2 billion in 2011, making him one of Korea’s wealthiest people.
He was the CEO of Japan’s Lotte Group and the eldest son of the company’s founder, Shin Kyuk-ho.
Personal Life
Shin Dong-joo is a controversial figure. Some see him as a stern and rigorous businessman, while others consider him as a visionary leader who transformed Lotte Group into a global corporation.
He established the Hiroyuki Shigemitsu Foundation to assist deserving students. In addition, he is a member of the World Economic Forum’s Young Global Leaders program.
FAQs
Q: Who is Shin Dong-Joo?
A: Shin Dong-Joo is a South Korean businessman known for his involvement with the Lotte Group, a major multinational conglomerate.
Q: What is Shin Dong-Joo’s background?
A: He was born on April 19, 1954, in Tokyo, Japan. He studied industrial engineering at Aoyama Gakuin University and worked at Mitsubishi Corporation before joining Lotte Group in 1978.
Q: Why is Shin Dong-Joo known in the business world?
A: Shin Dong-Joo gained prominence as the former CEO of the Japanese Lotte Group. He was also involved in a well-known family dispute over control of the business.