The magazine also emphasized that the group’s revenue increased by 21 percent to $4.5 billion, and that market analysts expect the revenue to reach $4.9 billion this year and $5.8 billion in 2016.

It also mentioned the fact that AmorePacific’s share price has increased 345 percent in the past two years.

Forbes described Suh as becoming a billionaire in 2011 and rising to be the second-wealthiest person in the country with $9.2 billion in assets, and also took note of his detail-oriented attitude. It quoted him as saying, “I always try to learn things with the mind-set of a student as if I was back in school.”

Suh has previously been featured on Forbes Asia’s magazine cover in 2006, and AmorePacific has also been listed 28th on the Forbes 2015 list of the World’s Most Innovative Companies.

By Sang Youn-joo (sangyj@heraldcorp.com)