Hyundai Motor Chief's Ranking Drops in World's Richest People List

Write : 2015-06-22 19:53:02 Update : 2015-06-23 09:33:39

Hyundai Motor Chief's Ranking Drops in World's Richest People List

Chairman Chung Mong-koo of Hyundai Motor Group has slipped from the world’s richest person list as the value of his Hyundai Motor stocks plunged to a five-year low this year.

According to the Bloomberg Billionaires Index, Chung ranked 334th among the world's richest people, down from 173rd in July last year.

Chung is estimated to own five-point-three trillion won worth of assets, compared to six-point-four trillion won early this year.

Samsung Group Chairman Lee Kun-hee ranked 96th, while Suh Kyung-bae, Chairman of the country's cosmetics maker AmorePacific Group, placed 134th.

Bill Gates, founder of Microsoft, topped the list with assets worth 94-point-six trillion won.

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