Image: Public domain | via Wikimedia Commons
Park Dong-suk, at 64 years old, is the founder and CEO of Sanil Electric, a South Korean manufacturer of electrical transformers. His estimated net worth is $1.7 billion, primarily from his stake in Sanil Electric. His career began at Yu-il Electric, followed by the founding of Sanil Electric in 1994. Under his leadership, the company has expanded its reach, with over 60% of its revenue coming from the U.S. market. Sanil Electric went public in 2024.
Park Dong-suk was born on May 15, 1961. He began his career at Yu-il Electric, a manufacturer of heavy electrical equipment, where he worked for six years starting at the age of 20.
In 1994, Park founded Sanil Electric, entering the transformer and electrical equipment manufacturing business. He earned a master's degree in electrical engineering from Korea University. Sanil Electric's revenue rose 56% year-over-year to $240 million in 2024.
Park focused on expanding transformer orders in response to market trends, such as the aging power transmission infrastructure in the United States and the growing power demand for data centers driven by the growth of the artificial intelligence (AI) industry. Sanil Electric went public in 2024, raising 266 billion won ($190 million). More than 60% of Sanil Electric's revenue comes from the U.S. Its customers include utilities giants GE Vernova, PG&E and Duke Energy.
No specific philanthropic information available.
Founded the electrical transformer manufacturing company.
Founded Sanil Electric after working at Yuil Electric
The company went public and raised $190 million.
