What is Chung Mong-Koo's Net Worth?
Chung Mong-Koo is a South Korean businessman who has a net worth of $7.1 billion. Chung Mong-Koo is the second son of Hyundai conglomerate's late founder Chung Ju-Yung. Chung Mong-Koo is now the Chairman of Hyundai Motors, the fifth largest automaker in the world. Chung Monk Koo took over the Hyundai Motor business, when the conglomerate divided into several parts in 1999.
While his brother, billionaire Chung Mong-Joon, owns a major stake in the nation's largest shipbuilder, Hyundai Heavy Industries. Under Chung's governance, the company has grown and earned an enviable reputation by shifting the automaker's emphasis from production to quality. Currently, Hyundai Motors consists of 42 subsidiaries and has sold more than 7 million cars over 2012. Considered as one of the most influential people in the country, Chung is married with four children.
