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Grizzly Bulls’ Billionaires Index

⬅ # 995 Kwon Hyuk-bin|# 997 John Gandel ➡

# 996 Hong Ra-hee 

$3.45B

Real Time Net Worth
as of 11/21/2024
-$11.8M (-0.34%)

# 996 Hong Ra-hee 

$3.45B

Real Time Net Worth
as of 11/21/2024
-$11.8M (-0.34%)
OccupationCofounder, Samsung Museum of Art
Source of WealthSamsung
Age79
ResidenceSeoul, South Korea
Marital StatusWidowed
Children3
EducationBS, Seoul National University
Age-Adjusted Net Worth$953.40M
Hong Ra-hee
Hong Ra-hee
South Korea
Net worth: $3.45B

Self-Made Score 

Breitling Superocean Heritage II Chronograph Automatic Blue Dial Men's Watch

Wealth History

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Biography

Early Life and Education

Hong Ra-hee was born on July 15, 1945, in South Korea.
She graduated from Seoul National University with a major in Applied Arts.
Her father, Hong Jin-ki, was chairman of JoongAng Ilbo, one of Korea's largest daily newspapers.
Hong Ra-hee's father-in-law was Lee Byung-chull, the founder of Samsung Group.
One of her brothers, Hong Seok-joh, chairs Korea's biggest convenience-store chain and is also a billionaire.
She co-founded Leeum, Samsung Museum of Art, in 2004 with her husband.

Career

Hong Ra-hee began her career at JoongAng Ilbo Publishing from 1975 to 1980.
She served as Chairperson of Samsung Arts and Cultural Foundation starting in 1995.
Hong is known for her role in building Leeum, Samsung Museum of Art, which houses significant collections.
Her collection includes works by renowned artists such as Lee Ufan, Do-ho Suh, Whanki Kim, Jackson Pollock, Mark Rothko, and Andy Warhol.
She resigned from her position as director of Leeum, Samsung Museum of Art, in 2017.
Her daughters hold key positions within Samsung's various divisions.

Family and Relationships

Hong Ra-hee was married to Lee Kun-hee, former chairman of Samsung Group, until his death in October 2020.
Her ex-daughter-in-law was Lim Se-ryung, daughter of Daesang Group's chairman Lim Chang-Wook.
Her father, Hong Jin-ki, was the former chairman of JoongAng Ilbo and Tongyang Broadcasting Company.
Her brother, Hong Seok-hyun, served as the CEO of JoongAng Media Group.
Her nephew, Hong Jeongdo, now runs JoongAng Ilbo, her father's newspaper.
Her family's involvement spans across media, retail, and conglomerates in South Korea.

Hong Ra-hee's Wealth is Equivalent to:

2,654,349 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

652,412 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

35,239 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Hong Ra-hee?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Hong Ra-hee's net worth of $3.45B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Hong Ra-hee 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 Hong Ra-hee, Samsung 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.

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Edited by: Lee Bailey