Chung Mong-joon

$2.70 B

Ranked #1520 in World

About Chung Mong-joon

Chung Mong-joon, a distinguished South Korean entrepreneur and political figure born on November 15, 1951, stands as the controlling shareholder of Hyundai Heavy Industries Group, the paramount shipbuilding corporation globally. With deep roots in politics and business, his career spans being the sixth son of Hyundai's founder Chung Ju-yung, to holding influential positions such as the chairman of the University of Ulsan board and founding The Asan Institute for Policy Studies. His political journey is marked by his service as an assemblyman from 1988, affiliations with the Grand National Party, and candidacies in presidential elections including a notable withdrawal in 2002 to support Roh Moo-hyun. Despite various controversies, including accusations of personal life discrepancies and allegations of political maneuvering, Chung's educational background is impressive with degrees from Seoul National University, the Sloan School of Management, MIT, and a Ph.D. from Johns Hopkins University. His tenure also includes a significant role in sports as a former Honorary Vice-president of FIFA and president of the South Korean football association, notwithstanding a temporary ban in football activities, later reduced by the Court of Arbitration for Sport in 2018.

Born

October 17, 1951 in Beomil-dong, Dong-gu, Pusan, Gyeongsangnam-do, South Korea

Age

74 years

Source Of Wealth

Shipbuilding, Industrial Machines

Industries

Manufacturing

Citizenship

South Korea

Residence

Seoul

Education

Ph.D, Johns Hopkins University; Master of Business Administration, Massachusetts Institute of Technology; Bachelor of Arts/Science, Seoul National University

Spouse

Kim Young-Myeong

Children

4 (2 sons, 2 daughters)

Chung Mong-joon was born on November 15, 1951, in Seoul, South Korea. He is the sixth son of Chung Ju-yung, the founder of Hyundai, one of the world's largest conglomerates. Growing up in a wealthy and influential family, Chung Mong-joon had access to quality education and opportunities from an early age.

Chung Mong-joon: Family

Chung Mong-joon comes from a prominent business family. His father, Chung Ju-yung, was a renowned entrepreneur who founded Hyundai, transforming it into a global business empire. Chung Mong-joon's siblings also hold significant positions in various Hyundai affiliates.

Chung Mong-joon: Career Highlights

Chung Mong-joon's career spans across multiple fields, including business, politics, and sports. He is the controlling shareholder of Hyundai Heavy Industries Group, the world's largest shipbuilding company. Additionally, he serves as the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea. Chung Mong-joon is also the founder and honorary chairman of The Asan Institute for Policy Studies, a leading think tank in South Korea.

Chung Mong-joon: Companies

Chung Mong-joon has been involved with several companies throughout his career. He is the controlling shareholder of Hyundai Heavy Industries Group, which includes Hyundai Heavy Industries, the world's largest shipbuilder, as well as other subsidiaries in the shipbuilding, construction, and machinery industries.

Chung Mong-joon: Major Achievements

Chung Mong-joon has achieved significant milestones in his career. He played a crucial role in the growth and success of Hyundai Heavy Industries Group, transforming it into a global leader in shipbuilding. Additionally, he has made notable contributions to education and public policy through his involvement with the University of Ulsan, Ulsan College, and The Asan Institute for Policy Studies.

Chung Mong-joon: Awards & Achievements

Chung Mong-joon has received numerous awards and recognitions for his contributions to business, politics, and society. These include the Order of Industrial Service Merit from the South Korean government, the Grand Order of Mugunghwa, and the Order of Civil Merit from the Spanish government.

Chung Mong-joon: Personal Life & Legacy

Chung Mong-joon is married to Hyun Jeong-eun, and they have two children.

He is known for his philanthropic efforts and has established several foundations to support education, culture, and social welfare. Chung Mong-joon's legacy lies in his contributions to South Korea's economic development, his commitment to education and public policy, and his involvement in sports administration.

Chung Mong-joon: Trivia

Chung Mong-joon is a sports enthusiast and has served as the president of the South Korean football association. He was also a former Honorary Vice-president of FIFA, the international governing body of football. In 2015, he was banned from all football activities for six years by the FIFA Ethics Committee due to allegations of corruption, but the ban was later reduced to 15 months by the Court of Arbitration for Sport.

Wealth History

Timeline

November 15, 1951

Chung Mong-joon is born in South Korea.

1988

Chung Mong-joon is elected as an assemblyman and serves 7 consecutive terms in two different electoral districts.

2002

Chung Mong-joon runs for the presidency but withdraws to support Millennium Democratic Party's candidate Roh Moo-hyun to prevent GNP victory.

2007

Chung Mong-joon joins the Grand National Party (GNP) and supports Lee Myung-bak in the presidential election.

2012

Chung Mong-joon runs for the presidency again but drops out due to disagreement on primary election rules and supports Park Geun-hye.

2014

Chung Mong-joon runs for mayor of Seoul but loses to Park Won-soon.

2015

Chung Mong-joon is banned from all football activities for six years by FIFA Ethics Committee.

2018

Chung Mong-joon's ban is reduced to 15 months by the Court of Arbitration for Sport.

Chung Mong-joon : FAQs

What is Chung Mong-joon's current net worth?

Chung Mong-joon's current net worth is $2.70 billion.

What is Chung Mong-joon's current global rank among billionaires?

Chung Mong-joon holds the 1520th position globally among billionaires.

What is Chung Mong-joon's current ranking within the South Korea?

Chung Mong-joon holds the 16th position in South Korea.

What was the change in Chung Mong-joon's net worth compared to the previous year?

Chung Mong-joon's net worth increased by 12.3 million dollars compared to the previous year 2025, when his net worth was 2.68 billion dollars.

What is the recent change in Chung Mong-joon's net worth?

Chung Mong-joon's net worth increased by 30.2 million dollars recently, a 1.12% increase, with his net worth standing at 2.70 billion dollars.

What are Chung Mong-joon's main sources of wealth?

Chung Mong-joon's main source of income comes from Shipbuilding, Industrial Machines.

In which industry does Chung Mong-joon primarily operate?

Chung Mong-joon is primarily involved in the Manufacturing industry.

What is Chung Mong-joon educational background?

Chung Mong-joon holds a Ph.D from Johns Hopkins University, a Master of Business Administration from Massachusetts Institute of Technology and a Bachelor of Arts/Science from Seoul National University.

How old is Chung Mong-joon?

Chung Mong-joon is 74 years old.

How many children does Chung Mong-joon have?

Chung Mong-joon has 4 children.

Who is Chung Mong-joon and what is he known for?

Chung Mong-joon is a South Korean businessman and politician, known as the sixth son of Hyundai founder Chung Ju-yung, and the controlling shareholder of Hyundai Heavy Industries Group, the world's largest shipbuilding company. He has also served as chairman of the board at the University of Ulsan, founded The Asan Institute for Policy Studies, and held significant roles within FIFA and the South Korean football association.

What political roles has Chung Mong-joon held throughout his career?

Chung Mong-joon has had a prolific political career, being elected as an assemblyman in 1988 and serving seven consecutive terms in two different electoral districts. He joined the Grand National Party in 2007, ran for Seoul mayor in 2014, and has participated in presidential campaigns, including efforts in 2002 and 2012.

What has been Chung Mong-joon's involvement in football?

Chung Mong-joon has played a significant role in football, serving as the former Honorary Vice-president of FIFA and president of the South Korean football association. However, his football career faced a setback when he was banned from all football activities for six years by the FIFA Ethics Committee in 2015, a decision that was later reduced to 15 months by the Court of Arbitration for Sport in 2018.

What controversies have surrounded Chung Mong-joon?

Chung Mong-joon's career has not been without controversy, including accusations during the 2002 presidential election of a questionable private life, alleged mental disorder, and cheating in exams. Additionally, there were allegations related to autobiography sales manipulation and the establishment of a charity foundation for political gain before the 2012 presidential election.