Shin Dong-bin

$1.10 B

Ranked #1941 in World

About Shin Dong-bin

Shin Dong-bin, the influential Korean-Japanese businessman born on February 14, 1956, plays a pivotal role in global commerce as the CEO of both South Korea's Lotte Corporation and Japan's Chiba Lotte Marines. A descendant of Lotte's founder, Shin Kyuk-ho, he boasts an impressive academic background with degrees from Aoyama Gakuin University and Columbia University. His career, commencing at Nomura Securities in 1980 before transitioning to Lotte in 1988, has been marked by significant mergers and acquisitions. However, his journey hasn’t been without controversy, facing legal disputes, including a high-profile bribery case tied to political corruption, resulting in a suspended sentence. Despite these setbacks, Shin Dong-bin has contributed significantly to philanthropy, notably in education and sports, whilst managing personal accomplishments and challenges, including his heritage and residence in South Korea's tallest skyscraper, Lotte World Tower.

Born

February 14, 1955 in Tokyo, Japan

Age

71 years

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

South Korea

Residence

Seoul

Education

Bachelor of Arts/Science, Aoyama Gakuin University; Master of Business Administration, Columbia Business School

Spouse

Ogo Manami

Children

Parent

Shin Kyuk-ho (father), Hatsuko Shigemitsu (mother)

Shin Dong-bin was born on February 14, 1956, in Tokyo, Japan. His father, Shin Kyuk-ho, was the founder of Lotte Corporation, a South Korean multinational conglomerate. His mother, Ogo Masako, was a Japanese aristocrat.

Shin Dong-bin: Family

Shin Dong-bin is the eldest son of Shin Kyuk-ho and Ogo Masako. He has two younger siblings, Shin Dong-ju and Shin Dong-hoon. Shin Dong-bin is married to Japanese aristocrat Ogo Manami, and they have three children together.

Shin Dong-bin: Career Highlights

Shin Dong-bin began his career at Nomura Securities' London branch in 1980. In 1988, he joined Lotte Corporation and started at Lotte Chemical. He rose through the ranks and became Chairman of Lotte Korea in 2011.

Under Shin Dong-bin's leadership, Lotte Corporation has expanded its operations globally. He has also been involved in several mergers and acquisitions, including the acquisitions of Hi-Mart, Hyundai Logistics, The New York Palace Hotel, Samsung Fine Chemicals, and Samsung BP Chemicals.

Shin Dong-bin: Companies

Shin Dong-bin is the CEO of Lotte Corporation, a South Korean multinational conglomerate. He is also the CEO of Chiba Lotte Marines, a Japanese professional baseball team.

Shin Dong-bin: Major Achievements

Shin Dong-bin has led Lotte Corporation to become one of the largest conglomerates in South Korea. He has also been instrumental in the company's global expansion. In 2017, he was named "Businessman of the Year" by Forbes Korea.

Shin Dong-bin: Awards & Achievements

Shin Dong-bin has received numerous awards and recognitions for his business achievements. He has been awarded the Order of Industrial Service Merit by the South Korean government and the Order of the Rising Sun by the Japanese government.

Shin Dong-bin: Personal Life & Legacy

Shin Dong-bin is married to Japanese aristocrat Ogo Manami, and they have three children together. He resides in Lotte World Tower, South Korea's tallest building.

Shin Dong-bin is known for his philanthropy. He sits on the Board of Overseers of Columbia Business School and has donated $4 million to the school to establish Shin Dong-bin fellowships.

He also serves as Chairman of the Korean Ski Association and pledged 60 billion won to the PyeongChang Olympics.

Shin Dong-bin: Trivia

Shin Dong-bin is a fan of baseball and skiing. He is also a collector of art and antiques.

Wealth History

Timeline

February 14, 1956

Shin Dong-bin is born.

1980

Shin Dong-bin starts at Nomura Securities' London branch.

1988

Shin Dong-bin joins Lotte, starting at Lotte Chemical.

2011

Shin Dong-bin becomes Chairman of Lotte Korea.

2017

Shin Dong-bin receives a two-year suspended sentence for embezzlement and breach of trust.

2018

Shin Dong-bin is sentenced to 30 months in prison for giving bribes to Choi Soon-sil in exchange for government favors.

2019

Appeals court upholds conviction but suspended sentence, leading to Shin Dong-bin's release.

Shin Dong-bin : FAQs

What is Shin Dong-bin's net worth?

As of 2019, Shin Dong-bin's net worth was $1.10 billion.

What are Shin Dong-bin's main sources of wealth?

Shin Dong-bin's main source of income comes from Retail.

In which industry does Shin Dong-bin primarily operate?

Shin Dong-bin is primarily involved in the Fashion & Retail industry.

What is Shin Dong-bin educational background?

Shin Dong-bin holds a Bachelor of Arts/Science from Aoyama Gakuin University and a Master of Business Administration from Columbia Business School.

How old is Shin Dong-bin?

Shin Dong-bin is 71 years old.

How many children does Shin Dong-bin have?

Shin Dong-bin has 3 children.

Who is Shin Dong-bin and what are his major roles in business?

Shin Dong-bin is a prominent Korean-Japanese businessman, serving as the CEO of Lotte Corporation in South Korea and the Chiba Lotte Marines in Japan. He plays a crucial role in the management and operations of these significant entities.

How did Shin Dong-bin start his career and what are some notable acquisitions he led?

Shin Dong-bin began his career at Nomura Securities' London branch in 1980 and joined Lotte in 1988. He has led various mergers and acquisitions, including those of Hi-Mart, Hyundai Logistics, The New York Palace Hotel, Samsung Fine Chemicals, and Samsung BP Chemicals.

What legal challenges has Shin Dong-bin faced?

Shin Dong-bin encountered legal issues, including disputes with his sibling over control of Lotte, a two-year suspended sentence in 2017 for embezzlement and breach of trust, and a 30-month prison sentence for giving bribes to Choi Soon-sil, which was later suspended upon appeal.

What are Shin Dong-bin's contributions to philanthropy?

Shin Dong-bin has made significant philanthropic contributions, including sitting on the Board of Overseers of Columbia Business School, donating $4 million to establish fellowships, and serving as the Chairman of the Korean Ski Association, pledging 60 billion won to the PyeongChang Olympics.