Chung Eui-sun Net Worth

Chung Eui-sun has an estimated net worth of $5.5 billion, according to Forbes Real-Time Billionaires, Chung Eui-sun profile (figures as of October 20, 2026). That is up from $2.6 billion in 2019.

Chung Eui-sun is a South Korean business executive who leads Hyundai Motor Group. He became chairman in 2020, after serving as executive vice chairman from 2018 to 2020 and vice chairman of Hyundai Motor Company from 2009 to 2018. Earlier in his career, he worked at Itochu in New York, then joined Hyundai Mobis in 1994. He later moved through planning, sales, service, technology, and procurement roles across the group.

A key step in his rise came at Kia, where he served as president from 2005 to 2009. During that period, Kia grew faster than Hyundai Motor, and Forbes says he helped drive the success of models including the Cee'd in Europe, the Soul, and the Forte. His wealth is tied to Hyundai, with a large share coming from auto parts maker Hyundai Glovis. Hyundai Motor also owns 34% of Kia, linking his career closely to both brands.

How Chung Eui-sun built his wealth

Chung's fortune comes from Hyundai, the South Korean automotive group he now leads. Forbes says a bulk of his wealth is derived from Hyundai Glovis, an auto parts maker. His path to the top was long and internal. After time at Itochu in New York, he joined Hyundai's network in 1994 and held roles in procurement, technology, after-sales service, domestic sales and marketing, and corporate planning before moving into the top jobs.

His most visible business breakthrough came at Kia. From 2005 to 2009, he ran the subsidiary brand as president, and Forbes says Kia grew faster than Hyundai Motor during those years. Wikipedia notes Hyundai Motor owns 34% of Kia, which shows how closely the companies are tied. In 2020, he succeeded his father as chairman of Hyundai Motor Group. Another major money event came in 2024, when Hyundai Motor India raised $3.3 billion in India's largest IPO.

Forbes net worth and money milestones

Forbes has shown big swings in Chung's wealth over time. Its World's Billionaires estimate moved from $2.6 billion in 2019 down to $1.6 billion in 2020, then up to $3.8 billion in 2021. It later stood at $3 billion in 2022, $2.8 billion in 2023, $3.7 billion in 2024, and $3.5 billion in 2025. In 2026, Forbes put him at $8.3 billion on its annual list.

As of October 20, 2026, Forbes' real-time billionaires tracker put Chung at $5.5 billion. The notes tied to his profile point to Hyundai as the source of that wealth, with Hyundai Glovis playing a large role. His money story also tracks major corporate moments under the group, including his 2020 rise to chairman and the 2024 Hyundai Motor India IPO, which brought in $3.3 billion.