Shin Chang-jae
Kyobo Life Insurance
$1.03B
as of 10/04/24
About Shin Chang-jae
Shin Chang-Jae is the chairman of Kyobo Life Insurance, founded by his father in 1958 as Daehan Kyoyuk Insurance.
When Shin became chairman and CEO in 2000, Kyobo was reeling from investment portfolio losses in the aftermath of the Asian Financial Crisis.
He turned the company around, focusing on customer satisfaction and risk control.
With a network of agents and financial planners, the company now offers insurance and asset-management products to more than 5 million customers.
Personal stats
Citizenship
South KoreaSource of wealth
insuranceResidence
Seoul, South KoreaMarital status
MarriedBirth date
10/31/53 (age 70)Number of children
2Education
Doctorate, Seoul National UniversitySelf-made
inherited and growingShin Chang-jae’s fortune is worth
17K
troy ounces of gold
16K
median U.S. household
10K
median U.S. income
0.021%
U.S. credit card volume
0.004%
GDP of the United States
0.003%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
In 2010, he received the 19th Montblanc de la Culture Arts Patronage Award for his support of Korean literature through the Daesan Foundation.
Net worth over time
Real-time ranking
Images © Forbes.com. All rights reserved.