Billionaire Profile
Cho Hyun-joon
Global Rank
#1479

Image: Cho Hyun-joon | CC BY-SA 2.0 | via Wikimedia Commons

Cho Hyun-joon

CEO, Diversified
SOUTH KOREA
Real-Time Net Worth
$2.792B
Estimated based on Diversified stock value as of March 6, 2026
+6.82% (24h)
Age
58
Source
Diversified
Industry
Diversified
Citizenship
SOUTH KOREA

Biography

Cho Hyun-joon, born in 1968, is the Chairman of Hyosung Group, a South Korean multinational conglomerate with interests in textiles, chemicals, construction, and heavy industries. He is the eldest son of the late Cho Seok-rae, who stepped down in 2016 and passed away in 2024. Cho holds a Bachelor's degree from Yale University and a Master's degree from Keio University. Prior to his current role, he gained experience at Mitsubishi Corporation and Morgan Stanley. His net worth is estimated to be $3.25 billion as of February 2, 2026. His wealth source is diversified, and he is ranked #1270 globally among billionaires.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Cho Hyun-joon was born in Seoul, South Korea, on January 16, 1968. He is the eldest son of Cho Seok-rae, the former chairman of Hyosung Group, and the grandson of Cho Hong-je, the founder of the Hyosung Group. Cho studied abroad after middle school and attended St. Paul's School in the U.S. He later graduated from Yale University with a degree in political science and earned a master's degree in political science from Keio University in Japan.

Rise to Success

Before joining Hyosung, Cho worked at Mitsubishi Corporation and Morgan Stanley. He joined Hyosung T&C (now Hyosung) in 1997 as the manager of the management planning team. He was promoted to Managing Director in 2000, Executive Director in 2001, and Vice President in 2003. Cho served as the Chief of Hyosung Trade PG in 2005, Hyosung Chief of Textile PG and President of Trade PG in 2007, and in 2011, he was Hyosung Chief of Textile and President of IT PG and Strategy HQ. He was inaugurated as the Chairman of Hyosung Group in January 2017.

Key Business Strategies

Under Cho's leadership, Hyosung Group has focused on global expansion, particularly in the United States, investing billions in manufacturing sites. He has also emphasized ESG management. Cho has focused on securing a position in the hydrogen business value chain, aiming to build the world's largest liquid hydrogen plant in Ulsan, South Korea. He has also emphasized the importance of customer-focused management and technological competitiveness.

Philanthropy

Information on specific philanthropy amounts could not be located.

Career Milestones

1992

Joined Mitsubishi Corporation

Worked in the Energy Department and Oil Import Department.

1995

Worked at Morgan Stanley

Worked in the Corporate Sales Department in Tokyo.

1997

Joined Hyosung

Manager of the management planning team.

2017

Chairman of Hyosung Group

Took office as the chairman.

Philanthropy & Social Impact

N/A

Unknown

Undisclosed

No specific philanthropy amounts found.

Controversies & Challenges

2016

Embezzlement

Sentenced to prison for embezzlement; he appealed the conviction. Cho's sentencing was suspended for three years, allowing him to continue running Hyosung.

2020

Personal Expenses with Corporate Credit Cards

Found guilty of using corporate credit cards for personal expenses totaling 1.6 billion won, receiving an 18-month sentence suspended for three years.

2022

Unfair Financial Support

Ordered to pay a fine of 200 million won for providing unfair financial support to Galaxia Electronics.

Late 2025

Embezzling

Convicted for embezzling 1.6 billion won through the fraudulent hiring of associates. His final ruling once again resulted in a two-year prison sentence, suspended for three years.