Gim Seong-gon, sixty-seven, is the first to sign up for Korea’s 50 wealthiest ranks based totally on a fortune in inexperienced energy. He debuts on the rating after shares in his cs wind, a maker of wind towers, quintupled over the past 12 months.
The upward thrust has propelled him, who with his circle of relatives owns a majority of the corporation, to no—44 at the list with a net worth of $1.1 billion.
Buyers are bullish on cs wind as easy strength, inclusive of wind strength, profits in worldwide reputation. South Korea, for its part, introduced in February a $43 billion plan to construct the arena’s largest wind electricity plant with the aid of 2030. Last 12 months, cs wind noticed sales of wind towers upward thrust 21% to $821 million, way to clients together with preferred electric powered and siemens games.
The son of a farmer, Jim got he begin brokering offers for a neighborhood production outfit. He later installation his production corporation earlier than beginning cs wind in 1988. Two decades later, Goldman Sachs invested $forty million in the agency, allowing it to increase.
Ultimate month, the Taiwanese electronics giant announced plans to group up with Atlantis, the agency fashioned in January from the merger of Fiat Chrysler automobiles and PSA group, on in-automobile software.
In February, Foxconn signed a memorandum of information with Los Angeles-based electric-powered vehicle startup Fisker inc. To develop and promote a new collection of electrical motors. Foxconn additionally has agreements with china’s Geely and button.