Michael ByungJu Kim, founder and chairman of global private equity firm MBK Partners, has donated $25 million (35 billion won) to Haverford College, his alma mater located in the U.S. state of Pennsylvania, earlier this month, continuing his manifold charitable activities.
Michael ByungJu Kim, co-founder and chairman of global private equity firm MBK Partners, said Korea s discounted share prices continue to provide opportunities for value investments.
This year s donation coincides with the 25th anniversary of the Arts of Korea gallery within the museum. He joined the Korean art initiatives supported by the Korea Foundation and Samsung Foundation of Culture, which aim at strengthening Korean art exhibitions and education programs.
Michael ByungJu Kim, MBK Partners founder and chairman, has ranked at the top of Forbes 2023 list of “Korea s 50 Richest.” It is the first time that the net worth of the private equity legend has overtaken that of Lee Jae-yong, executive chairman of Samsung Electronics, on Forbes annual billionaire list.
Michael ByungJu Kim, the founder and CEO of MBK Partners, one of the largest private equity firms in Asia, stressed that he believes in the continued strong development of Northeast Asia s private equity markets. He also stressed the importance of taking a patient, long-term view to witness further growth in the region.