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#28 Koo Family (LG)
The electronics giant LG Corp. accounts for nearly 70% of the clan's fortune. The biggest shareholder, Chairman Koo Bon-Moo, lost his only son in 1994 and adopted nephew Koo Kwang Mo, who is in line for succession. The family's interests span chemicals, telecommunications, fashion and machinery. In 1947 Koo In-Hwoi cofounded Lak Hui Chemical Industrial Corp., starting with a popular face cream. A packaging problem drew criticism, prompting In-Hwoi to pivot to household products. His son Koo Ja-Hak is married to Lee Sook-Hee, daughter of the late Samsung founder.
On forbes lists
Stats
Fortune Founded1958
Source of WealthLG Corp
Net worth over time
$5.9B
Asia's Richest Families
October 2015
October 2015
$6B
Asia's Richest Families
November 2016
November 2016
$8.7B
Asia's Richest Families
November 2017
November 2017
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Key Connections
Lee Kun-hee
Related by residence country: South Korea
LG
Holds stake in LG Corp