Comments on: Korea’s 40 Wealthiest

By: dda

dda — Fri, 25 Apr 2008 06:09:52 +0000

The recently-discovered embezzled money alone was far more than a paltry $2.7B.

Admittedly, if it’s embezzled money, it’s not his But yeah, as you formulate it, he probably has access to much much more money…

By: Linkd

Linkd — Fri, 25 Apr 2008 05:58:49 +0000

Ha! What am I saying? It’s Forbes. What did we expect - research? It’s the tabloid press of business “news”.

By: Linkd

Linkd — Fri, 25 Apr 2008 05:55:34 +0000

In his case, if I remember correctly, he owns 4% of Samsung Electronics stock in his own name. At its current market cap of $72 bil, that accounts for all of the $2.7 bil. I think Forbes is just using the publicly available stockholding info, rather than using actual forensic accounting.

By: MigukNamja

MigukNamja — Fri, 25 Apr 2008 05:49:10 +0000

Exactly. For instance, take the Samsung supposed ex-Chairman himself:

#3 Lee Kun-Hee

Net Worth $2.7 billion

The recently-discovered embezzled money alone was far more than a paltry $2.7B. Furthermore, I’m assuming his disclosed net worth is simply what his accountants could not hide.

He likely has at least 10x the disclosed $2.7B at his fingertips, if not more.

By: globalvillageidiot

globalvillageidiot — Fri, 25 Apr 2008 05:48:12 +0000

Aside from Italy, can anybody think of another democratic country where the richest guy is presently a politician? Just wondering.

Also - and Italy with Berlusconi and his TV stations also springs to mind here - is Chung, at least in principle, supposed to be “uninvolved,” so to speak, with Hyundai Merchant Marine’s day-to-day affairs while he is in office?

By: Wedge

Wedge — Fri, 25 Apr 2008 04:58:45 +0000

You dudes are sick if you think that’s hot.

By: megook

megook — Fri, 25 Apr 2008 04:56:48 +0000

you should really consider getting an eye exam…

By: WangKon936

WangKon936 — Fri, 25 Apr 2008 04:19:27 +0000

# 5,

The key here is REPORTED income… not actual income, which is who knows what….

By: Whatev

Whatev — Fri, 25 Apr 2008 00:28:52 +0000

So, the richest Korean is only as rich as Wallace McCain (the frozen French fries guy)? I don’t buy it.

By: mcnut@hotmail.com

mcnut@hotmail.com — Thu, 24 Apr 2008 21:27:34 +0000

i think korea has the highest % per captia of MILF’s in the world

as a matter of fact i would totally back the

“Hub of MILF’s” idea!!!!