Shin Dong-joo

Net Worth

$1.038B

0% (24h)

Shin Dong-joo is a South Korean businessman, currently ranked among the wealthiest individuals in South Korea. As the eldest son of Shin Kyuk-ho, the founder of the Lotte Group, he has extensive experience in the retail sector. His career includes executive roles within Lotte and its related companies, though he was dismissed from executive positions in 2015 after a dispute with his brother. Shin is a graduate of Aoyama Gakuin University and Columbia Business School. As of April 2024, his net worth was estimated to be $1.03 billion.

The Full Dossier

Early Life

Shin Dong-joo was born on January 28, 1954, in Tokyo, Japan. He is the eldest son of Shin Kyuk-ho, the founder of Lotte Group, and Shigemitsu Hatsuko. He received a bachelor's degree in Economics from Aoyama Gakuin University and an MBA from Columbia Business School.

Rise to Success

Shin Dong-joo's career began at Mitsubishi Corporation in 1978. He joined Lotte Corporation in 1987 and held various executive roles, including Vice Chairman of Lotte Holdings and President of Lotte International. He was instrumental in expanding Lotte's operations. His career was marked by a long-standing family dispute with his younger brother, Shin Dong-bin.

Key Business Strategies

Shin Dong-joo's management style was reportedly focused on internal stability. He played a role in expanding Lotte’s operations. However, a major turning point occurred in 2015 when he was dismissed from his executive positions after a power struggle with his brother.

Philanthropy

Shin Dong-joo is known to be active in philanthropy, including the establishment of the Hiroyuki Shigemitsu Foundation, which provides scholarships.

Career Timeline

2015

Dismissal from Executive Positions

Dismissed from executive positions in the Lotte Group after a dispute with his brother.

2011

Vice Chairman and President, Lotte Corporation

Took office as Vice Chairman and President of Lotte Corporation.

2009

Vice Chairman, Lotte Holdings

Became Vice Chairman of Lotte Holdings Co., Ltd.

1987

Joined Lotte Group

Joined Lotte Corporation and took on various executive roles.

1978

Career Start

Began his career at Mitsubishi Corporation in Japan.

Philanthropic Impact

EducationUndisclosed

Hiroyuki Shigemitsu Foundation

Provides scholarships to students from disadvantaged backgrounds.