82-Year-Old South Korean Billionaire Distributes Money, Tools and Books to Residents of His Hometown Bashny.Net

News of the day! One. billionaire He decided to share his wealth with ordinary people living in his native village. What prompted a man to take such an unexpected step, find out in today’s article.



The old billionaire Hero of our history is called Lee Jun Geun. He is 82, a successful businessman and current chairman of the Booyoung Group. He began his real estate career in the 1970s. The man was engaged in development and became almost the first landlord in South Korea.

Over time, Lee Joon's business began to expand. Booyoung Group has included hotels and golf courses in its field of activity. And the hotel business, as you know, makes a lot of money.



So the Korean company took 22nd place in the list of conglomerates of their country. And its fortune together with assets amounted to 16 billion dollars. In addition, the Korean managed to accumulate $ 1 billion of personal funds. He became one of the thirty richest men in South Korea.

But not everything is so rosy in the biography of Lee Joon. In 2004, he was charged with tax evasion and arrested. After 14 years, the accusation was repeated, only this time the Korean was actually put behind bars.



He had been in prison for two and a half years. In 2021, he was released on parole. Maybe that’s what motivated a businessman to share his savings with ordinary people?

By the way, despite his age, he still has not transferred his shares to his relatives. But that's what most tycoons do. Almost all shares of the holding company Booyoung Group are owned by a Korean. At the same time, none of the branches of the company are listed on the stock exchange. The Booyoung Group has donated to charities in Cambodia, Vietnam and Laos.

Perhaps Lee Joon has a bad relationship with his relatives? It could be! But the fact remains that the man donated approximately $180 million to the village of Unpyongri, where he was born and raised.



Each of the households of this village received about 70 thousand US dollars for their needs. There are 280 such farms in total. In addition, the businessman worried about other gifts, books and tools for local residents. As he explains, this is the price for the fact that people all these years supported the well-being of his small homeland and protected it.

Charity is wonderful! You've probably heard that many of the world's stars even set up their own foundations to help those in need. One of the brightest personalities among those who do this is Angelina Jolie. In 2012, she became the UN representative for refugees.



It is difficult to calculate how much money the actress gave for the needs of refugees and people of poor countries in Africa. She donated one million dollars to the charity No Kid Hungry. This organization provides school lunches to children from low-income families.

Brad Pitt and Angelina Jolie spent nearly $9 million to build 150 homes in New Orleans. They became a refuge for people who suffered from the terrible hurricane Katrina.



This list can go on indefinitely. But one thing is clear: for many famous people, charity has become one of the main values of life. It's great that this extends not only to Hollywood stars, but also to businessmen like Lee Joon Geun.

Why do you think the Korean decided not to share his savings with his family? Maybe he'll still write his will?