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Suh Kyung-bae Net Worth USD: $2,945,000,000 - $3,255,000,000
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Suh Kyung-bae Biography
Suh Kyung-bae, born in 1963, is one of six children of Suh Sung-whan the founder of AmorePacific. His father founded the cosmetics and skincare company in 1945, partly inspired by his mother who sold camellia hair oil throughout Korea. Suh who was the only one of his siblings who showed any interest in business or following in his father’s footsteps, joined the company in 1980.
When he inherited the business in 1997 he became the CEO, and helped to make it into the largest skincare and cosmetics manufacturer in South Korea. He was helped in this by the huge surge in popularity of Korean pop culture, not just in Asia, but also in the U.S.
AmorePacific was at the forefront of cushion compact technology, pioneering the liquid foundation but in compact form that would be taken on by the global cosmetic brands shortly afterwards. Suh created the Suh Kyung-bae Science Foundation in 2016, a charitable body that funds scientists in his home country.