Suh KyungBae Net Worth $195 Billion
Mr. Suh made his estimated net worth of $1.95 billion with the leading compound and cosmetics company in South Korea. Based in Yongsan-gu in Seoul, South Korea, Amorepacific was established in 1945 by his father, Suh Sung-Wan. President began the business in the town of Gaesong which was nicknamed “Ginseng City.” It also promotes its products under the name Etude (French word for Study).
Among its most notable brands are Laneige (French word for Snow), a cosmetic line that’s supported by famous Korean actress Song Hye Kyo, and Sulwhaso, something that comprises ginseng as well as other Asian herbs.
Suh Kyung-Bae inherited the business from his fatherin 1997. President then took on the French perfume firm, Annick Goutal, and has really been targeting the Chinese market in an effort to become the international cosmetics player. Together with his commitment at work, he received the Ernst & Young Award for Korea’s finest CEO in 2010.
Apart from its cosmetics business, his Amorepacific has launched a breast cancer foundation. It’s offered full support to the country ‘s Pink Ribbon Love Marathon over the past decade as a way to help breast cancer victims.