⬅ # 532 Clive Calder|# 534 Kjeld Kirk Kristiansen

# 533 Cho Jung-ho 


Real Time Net Worth
as of 6/12/2024
$29.3M (0.52%)

# 533 Cho Jung-ho 


Real Time Net Worth
as of 6/12/2024
$29.3M (0.52%)
OccupationChair, Meritz Financial Group
Source of WealthFinance
ResidenceSeoul, South Korea
Marital StatusMarried
EducationMBA, IMD; BS, University of Southern California
Age-Adjusted Net Worth$4.03B
Cho Jung-ho
Cho Jung-ho
South Korea
Net worth: $5.65B

Self-Made Score 

Wealth History

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Cho Jung-ho is the chairman of Meritz Financial Group, a major financial holding company headquartered in Seoul, South Korea.
He is the youngest son of Cho Choong-hoon, the late founder of Hanjin Group, which is the parent company of Korean Air.
After working for Korean Airlines in Europe, Cho returned home in 1989 and joined Hanjin Investment & Securities, which later became Meritz Financial Group.


Cho Jung-ho is the youngest of Cho Choong-hoon's four sons, who succeeded their father after his death in 2002.
Inherited Hanjin's financial arm, including Oriental Fire & Marine Insurance, Meritz Securities, and Korean-French Banking.
Formally broke off the financial affiliates from Hanjin and renamed them Meritz Financial Group in 2005.
Meritz Fire & Marine Insurance, a subsidiary, was established in 1922 as Chosun Fire & Marine Insurance, later becoming Oriental Fire & Marine before joining Hanjin Group.
Meritz Fire & Marine Insurance became independent from Hanjin in 2005 and was renamed accordingly.


Meritz Financial Group has five major subsidiaries: Meritz Fire & Marine Insurance, Meritz Securities, Meritz Asset Management, Meritz Alternative Investment Management, and Meritz Capital.
Meritz Fire & Marine Insurance, established in 1922, was Korea's first general insurer, initially known as Chosun Fire & Marine Insurance.

Financial Performance

Meritz Financial Group had revenue of 14.9 trillion South Korean won ($11.6 billion) in 2022.
The Seoul-based company is publicly traded and is one of the major financial groups in South Korea.

How long would it take you to become as rich as Cho Jung-ho?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Cho Jung-ho's net worth of $5.65B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

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Cho Jung-ho is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Cho Jung-ho, Finance is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey