Amid Troubling Sales, Hyundai Motor's Chairman Continues to Lose Chunk of Wealth

Chung Mong-Koo, the head of South Korea’s second-largest family conglomerate has lost $2.3 billion over the last year, a figure accounting for nearly a third of his previous $7.1 billion fortune when he ranked No.2 on our annual list of the wealthiest South Koreans last May. This year he fell two spots to No. 4 with a net worth of $5.6 billion. According to our estimates, within a month, he’s lost an additional $800 million amid plummeting shares in two of his largest holdings. As of today, ...