Shin Dong-Bin is the younger son of Shin Kyuk-Ho, the founder of Lotte Group, South Korea's largest retailer. After university, Shin worked at Nomura Securities before joining Lotte in 1997 and rising to vice chairman. In 2011, he became chairman of Lotte's Korean affiliates and was involved in a feud with his older brother for control of the group, which he won in 2016. 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, which caused a boycott of Korean businesses and products by China.
Shin Dong-Bin is a member of Fashion and Retail
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
💰 Net worth: $870 Million (2024)
Shin Dong-Bin, famously known as Lotte Shopping in South Korea, is on his way to becoming an accomplished business tycoon with an estimated net worth of $870 million in 2024. As the head of Lotte Shopping, one of South Korea's leading retail conglomerates, Shin Dong-Bin has diligently worked to expand and diversify the company's operations, leading to significant financial success. With his keen business acumen and leadership skills, Shin Dong-Bin has established himself as a prominent figure in the South Korean business community, contributing to the growth and development of the retail industry in the country.
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.