Aftermath of Corona 19 “Restructuring the Map of World Wealth…The Fall of Oil and Real Estate Conglomerates”

The wealth of the richest in the 500 “Total 6516 trillion won… 9% decrease from the end of last year”

[장인수 기자]The coronavirus is changing the map of wealth by making billionaires cry and laugh around the world. Bloomberg’s real-time analysis of the wealth fluctuations of the’world’s 500 richest people’ this year showed that as of May 6, the wealth of the 500 wealthiest was $5,371.8 billion (6516 trillion won), $553.5 billion (9%) from the end of last year ) Decreased.

Although Corona panicked the world economy, the wealth of 111 wealthy people in the world rose even in the midst of this. Of these, 43 were rich, with an increase of more than $1 billion (1.2 trillion). There was an opportunity even in the midst of the crisis. 383 people have lost their fortune this year. 200 people lost their fortune by more than $1 billion.

It is estimated that the assets of the six richest people in Korea, which are ranked in the top 500 in the world’s richest people, have increased by at least about 27 trillion won and about 80% over the past one year through the corona 19 crisis.

Among them, Yuan-jung Yuan-jung (袁征, Eric Yuan), an engineer from Shandong, China, founded Zoom Video Communications, a video conferencing platform startup, in Silicon Valley, California, USA. As the demand for telecommuting and online meetings and lectures increased in many parts of the world due to the coronavirus outbreak, the number of service users from 10 million per day in December of last year increased to 200 million in March. Shares have jumped over 140% this year, and his fortune has soared from $3.6 billion to $7.5 billion. It was the number one property growth rate this year among the world’s 500 richest people compiled by Bloomberg.

The fall of the oil and real estate conglomerates

On the other hand, 28 out of 30 energy conglomerates, which are among the world’s 500 richest people, lost their fortune this year. Among the 14 wealthiest businesses classified by Bloomberg, energy conglomerates’ fortunes declined by 17%.

The assets of Leonid Mikhelson, CEO of Russian natural gas company Novatek, and Vagit Alekperov of Lukoil, who leads the Russian oil industry with Gazprom, each have 71 properties. It was down by $6.2 billion and $6.2 billion. The fortune of Volga Group Chairman Gennadi Timchenko, who is known as a friend of Russian President Putin, also fell by 31%.

India’s largest conglomerate Mukesh Ambany, chairman of Reliance Industries, lost $5.6 billion this year, the largest among energy conglomerates. Reliance’s main industries are energy industries such as petrochemicals.

The fortunes of the American multinational conglomerate of Coke Industries, Charles Coke, and Julia Flesher Coke, widowed by his brother David Coke, fell by $13.7 billion.

Real estate conglomerates in China and Hong Kong, such as Xu Jain of Hengda Group, China’s largest real estate developer, Wanda Group chairman Wan Zhenlin, and Yang Hui Yan of Biguiyuan, were also unable to escape the corona.

6 Koreans in the’World’s 500 Richest People’… who?

According to the financial investment industry on the 14th, six rich Koreans, including Samsung Electronics Vice Chairman Lee Jae-yong (51th), entered the world’s 500 richest people ranking (as of the last 10th) compiled by Bloomberg.

The remaining five were Jeong-jin Seo, Chairman of Celltrion (177th place), Jeongju Kim, CEO of Nexon, NXC (201th place), and Beomsu Kim Kakao.[035720] He is the chairman of the board of directors (330th), Kwon Hyukbin, the founder of Smilegate (401th), and Chung Mongkoo, the honorary chairman of Hyundai Motor Group (411th).

Excluding Vice Chairman Lee Jae-yong, the sum of the assets of the five people was about 50 trillion won ($45.55 billion), an increase of about 25 trillion won ($2.34 billion), 104% from a year ago ($24.7 billion). It was counted.

In the case of Vice Chairman Lee Jae-yong, who passed away in October last year, it is considered to have inherited the property of the late Samsung Electronics Chairman Lee Kun-hee, who was not counted, and the property was about 31 trillion won (28 billion dollars), four times that of a year ago (7 billion dollars). Swollen.

Excluding the property inheritance of Chairman Lee Kun-hee, the pure increase in the property of Vice Chairman Lee Jae-yong was not accurately counted.

However, according to Jaebeol.com, vice chairman Lee Jae-yong’s share of a listed company is currently 9,135.3 billion won, up 1.37 trillion won (17.6%) from a year ago (7 trillion 7796 billion won).

Therefore, it is estimated that the assets of the six people, including Vice Chairman Lee Jae-yong, have increased by at least 27 trillion won (83.6%) over the past year.

Considering the fact that the value of the stake in a listed company owned by Chairman Lee Kun-hee increased from 18,45.2 billion won a year ago to 24,763 billion won, the actual increase in property of Vice Chairman Lee Jae-yong is It seems to be abnormal.

Among them, the person with the highest rate of wealth growth was Chairman Seo Jeong-jin, a 157.4% increase from about 5.6 trillion won ($5.09 billion) a year ago to 14 trillion won ($13.1 billion) now.

During this period, Celltrion Healthcare, which Chairman Seo owns directly or indirectly through an unlisted company.[091990]And Celltrion[068270] Share prices soared 131.8% and 91.9%, respectively.

Bloomberg calculates the rank of the rich by adding various assets such as unlisted stocks and cash as well as listed stocks and deducting debt and inheritance taxes.

Following that, Kim Jong-joo’s representative property was found to be about 12.4 trillion won (11.2 billion dollars), a 104.8% increase from a year ago (5.47 billion dollars).

Chairman Kim Beom-soo also saw a surge in Kakao’s stock price, which led to a 103.6% increase from a year ago (3.94 billion dollars) to about 8 trillion won (8.82 billion dollars).

Although Chairman Kim directly or indirectly holds a stake in Kakao through K Cube Holdings, a wholly owned, non-listed company, the value of his shares in Kakao is currently more than 10 trillion won, but Bloomberg explained that the portion of his shares held as collateral was excluded from the estimate of his assets.

Kwon Hyeok-bin, founder of Smilegate, a large game development and distribution group, said that the company is unlisted, so it is not known exactly how much his fortune is, but Bloomberg said his fortune is currently about 7.42 trillion ($6.72 billion), an increase of 98.2% from a year ago. Estimated.

Honorary Chairman Chung Mong-koo’s fortune increased by 47.3% from about 4,900 billion won ($4.42 billion) a year ago to about 7.2 trillion won ($6.51 billion) now.

They all have in common that their fortunes have been greatly boosted by following trends such as the Internet, games, and eco-friendly vehicles that have emerged globally during the past year through the Corona 19 crisis.

On the other hand, during the same period, many people suffered from the biggest “employment shock” after the financial crisis, and there is also a growing concern that the gap between the rich and the poor, the so-called “corona divide,” is deepening due to the Corona 19 incident.

Kakao Kim Bumsoo Chairman

In the case of Chairman Kim Beom-soo, he promised to donate more than half of his assets to resolve the social problem deepened by Corona 19.

In a recent in-house message, Chairman Kim said, “The past year was a year with more changes and more difficult than expected as the corona continues. In this turbulent time, we made more decisions as we witnessed the deepening of social problems in various fields. I thought I couldn’t delay, and I made a pledge to donate more than half of my fortune to solve social problems during my life.”

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