After the death of her father, she became the youngest billionaire in the world but nobody knows where she is
In February, the death of Kim Jung-ju, founder of Nexon, an online gaming company, was announced. Now her 18-year-old daughter inherited a billion dollars and is the youngest billionaire in the world but due to the low profile of her family there are no photos or records of her.
Kim Jung-youn, the teenage daughter of the late Kim Jung-ju , the Nexon founder who died in February at the age of 54 , is the world’s youngest billionaire after inheriting a stake in the online gaming giant. .
Jung-youn and her older sister Jung-mininherited a 30.78% stake each in NXC, his father’s personal holding company, according to a regulatory filing earlier this month.
Kim Jung Ju, Founder of Nexon.
NXC is Nexon’s largest shareholder, with a nearly 48% stake. Together with the sisters’ existing shares in NXC, their holdings in the company are worth $2.5 billion each. After deducting their inheritance tax bill, which Forbes estimates to be more than $1.5 billion each (South Korea has one of the highest inheritance taxes in the world), Jung-youn’s net worth and Jung-minestimated at US$1 billion each.
How Kim Jung-ju’s inheritance was divided.
Jung-ju’s wife Yoo Jung-hyun , already a billionaire , inherited a 4.57% stake in NXC from her husband. Yoo, 53, helped Jung-ju start Nexon in 1994 and remains NXC’s largest shareholder with a 34% stake. He made his debut on Korea’s 50 Richest list this year with a net worth of US$3 billion .
Not much is known about Jung-ju’s family. It has been widely reported that Jung-min and Jung-youn were born in 2002 and 2004, respectively. At 18, Jung-younshe is the youngest current billionaire in the world. The person who previously held the honor was Kevin David Lehmann of Germany, who turned 20 this month. His father, Guenther Lehmann, transferred a stake in the German pharmacy chain drogerie markt to his son when he was 14, but it remained in trust until he turned 18, which was in 2020.
Jung-ju’s last years.
Jung-ju himself was famous for his media shyness. While Nexon is based in Tokyo, he established NXC in Jeju, a resort island off the southern coast of the Korean Peninsula . He retired from daily management in 2006 and focused on philanthropy and other investments. Jung-ju was named one of Forbes Asia’s 15 Philanthropy Heroes last year for his donations to children’s hospitals.
Before his death, Jung-ju was ranked the third-richest person in South Korea , just after pharmaceutical tycoon Seo Jung-jin and Samsung’s Jay Y. Lee , with a net worth of US$10.9 billion.
