Shin Dong-Bin

About Shin Dong-Bin

Who is it?: Lotte Shopping
Birth Day: February 14, 1955
Birth Place: Seoul, South Korea, South Korea
Birth Sign: Pisces
Native name: 신동빈
Alma mater: Columbia University (M.B.A.) Aoyama Gakuin University (B.A.)
Occupation: CEO of LOTTE Group
Hangul: 신동빈
Hanja: 辛東彬
Revised Romanization: Sin Dong-bin
McCune–Reischauer: Sin Tong-pin

Shin Dong-Bin Net Worth

Shin Dong-Bin was bornon February 14, 1955 in Seoul, South Korea, South Korea, is Lotte Shopping. Shin Dong-Bin is the younger son of Shin Kyuk-Ho, who founded Lotte as a confectionery manufacturer in Japan in 1948 and expanded into South Korea in 1967. Today, Lotte Group is South Korea's largest retailer and has other interests ranging from food and beverages to chemicals, construction and professional baseball. In February 2017 Lotte agreed to a land swap with the Korean government to house the controversial U.S. Terminal High Altitude Area Defense (THAAD) system in response to North Korean threats. China, infuriated with the THAAD deployment because the anti-missile system could also track the mainland's own missiles, began boycotting Korean businesses and products. After university Shin worked at Nomura Securities before joining Lotte. In 1997 he rose to vice chairman and began building Lotte with aggressive acquisitions and by diversifying the business. After taking over as chairman of Lotte's Korean affiliates, which comprise the bulk of the group's assets, in 2011, he became embroiled in a bitter feud with his older brother, Shin Dong-Joo, for control of the group, a battle he won in 2016.
Shin Dong-Bin is a member of Fashion and Retail

💰 Net worth: $1.11 Billion (Updated at 22 June 2018)

2010 $1.5 Billion
2011 $2 Billion
2012 $1.8 Billion
2013 $2 Billion
2014 $1.95 Billion
2015 $1.55 Billion
2016 $1.4 Billion
2017 $1.5 Billion
2018 $1.26 Billion

Some Shin Dong-Bin images

Biography/Timeline

2017

On December 22, 2017, A Seoul district court handed down to Shin a two-year suspension of a jail sentence with embezzlement and breach of trust in October 2016.

2018

On February 13, 2018, Shin was sentenced to 30 months in prison after the Seoul Central District Court found him guilty of charges stemming from Lotte’s decision to give 7 billion South Korean won ($6.5 million) to a confidante of former President of South Korea Park Geun-hye, allegedly in exchange for government favors in providing a license to operate duty-free stores.