Kim Jong-un Net Worth 2022 (Forbes) – Salary, Income, Earnings

Kim Jong-un Net Worth 

Kim Jong-un has an estimated net worth of $5 billion. Kim Jong-un became the supreme leader of North Korea in 2011, succeeding his father Kim Jong-il. Kim Jong-un and his family controlled assets and bank accounts worth $5 billion, according to a joint South Korean-American investigation. More than 200 foreign bank accounts were found in countries such as Austria, Lichtenstein, Russia, Singapore, China, Switzerland, and Luxembourg. Hundreds of millions of dollars are reportedly hidden in these accounts, many of which are in China.

Kim is reported to own almost 20 palaces and mansions scattered throughout North Korea. He also owns over 100 luxury cars, mainly sports cars from Europe. Kim Jong-un is also the owner of a luxury yacht over 100 feet in length and a private jet.

Much of the early life of Kim Jong-un is unknown to Western media. Kim was presumably born in North Korea, the son of opera singer Ko Young-hee and Kim Jong-il, the country’s dictatorial leader until his death in 2011. Despite some economic and agricultural reforms implemented by Kim Jong-un, human rights violations and brutal suppression of opposition continue to be reported under his rule.

In the face of international condemnation, he also continued nuclear testing and missile development, though he announced intentions to be more cooperative in that area during historic meetings with South Korean President Moon Jae-in and US President Donald Trump in 2018.

To calculate the net worth of Kim Jong-un, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Kim Jong-un
Net Worth: $5 Billion
Monthly Salary: $1 Thousand
Annual Income: $20 Million
Source of Wealth: Politician

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Early Life 

The birth date and early childhood of North Korean leader Kim Jong-un are shrouded in mystery. He is the third and youngest son of Korean military leader Kim Jong-il (also spelled Jong Il), who has ruled North Korea under the Communist Workers’ Party since 1994, and the grandson of his father’s predecessor, Kim Il-sung.

Kim Jong-un’s mother was opera singer Ko Young-hee, who had two other children and is said to have campaigned for Kim Jong-un to succeed his father before her death in 2004. According to reports, Kim Jong-il liked Kim Jong-un and noted that the young man had a temperament similar to his own. It is also believed that Kim Jong-un was educated in Switzerland before attending the Kim Il-sung Military Academy in Pyongyang, named after his grandfather, in the mid-2000s.

Kim Jong-il began preparing Kim Jong-un to succeed him in 2010. Kim Jong-un came to power after the death of his father in December 2011. He was estimated to be in his late twenties at the time.

Suppression of Opposition

After Kim assumed supreme leadership in North Korea, he reportedly executed or deposed many high-ranking officials he inherited from his father’s regime. Among those dismissed was his own uncle, Jang Song-thaek (also known as Chang Sŏng-t’aek), who is said to have played an important role during Kim Jong-il’s rule and was considered one of Kim Jong-un’s most important advisors.

In December 2013, Jang was reportedly arrested and executed for being a traitor and plotting to overthrow the government. It is believed that members of Jang’s family were also executed as part of the purge.

In February 2017, Kim’s older half-brother Kim Jong-nam died in Malaysia. Although many details remained unclear, it was believed that he was poisoned at the Kuala Lumpur airport, and several suspects were arrested. Kim Jong-nam had lived in exile for many years, during which time he was a vocal critic of his half-brother’s regime.

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Weapons Testing

Under the rule of Kim Jong-un, North Korea continued its weapons testing programs. Although the country had agreed in February 2012 to stop nuclear testing and to stop launching long-range missiles, it launched a satellite in April 2012 that failed shortly after launch. Then, in December of that year, the government launched a long-range rocket that put a satellite into orbit. The U.S. government assumed that these launches were intended to conceal work and testing on ballistic missile technology.

In February 2013, North Korea conducted its third underground nuclear test. This test was strongly condemned by the international community, including the United States, Russia, Japan, and China. In the face of further sanctions, analysts stated that Kim’s continued focus on rearmament while demanding U.S. peace talks was a strategy he used to position North Korea as a formidable entity and solidify his position as a regional leader.

In September 2016, the country reportedly conducted its fifth underground nuclear test, despite a history of U.S. sanctions. Other countries strongly condemned the move and called for North Korea’s denuclearization, with South Korean President Park Geun-hye particularly concerned about the security implications of continued weapons testing and Kim’s state of mind.

In February 2017, North Korea launched a medium-range ballistic missile that was monitored by Kim, according to state media. The test sparked further outrage in the international community and calls for an emergency meeting of the U.N. Security Council.

Kim clashed with Donald Trump, particularly after his election as U.S. president in November 2016. The two exchanged numerous threats of war and even called each other personal names. In November 2017, President Trump took a softer stance during a trip to Asia, calling on North Korea to “come to the table” to talk about disarmament.

After Trump’s trip ended, North Korean officials said the regime would continue to build up its nuclear capabilities as long as South Korea and the United States held joint military exercises. Kim underscored this statement by calling Trump a “rotten and stupid guy,” and the U.S. president responded on Nov. 20 by officially calling North Korea a state sponsor of terrorism.

In late November, North Korea crossed another threshold with the launch of its Hwasong-15 missile, which reached an altitude of about 2,800 miles above the ground before hitting off the coast of Japan. Kim subsequently declared that North Korea had “finally achieved the great historic goal of completing the state nuclear force.”

U.S. Defense Secretary James Mattis acknowledged that the test missile “frankly flew higher than any previous shot” and confirmed that North Korea is now capable of reaching any place on Earth in one strike. The launch was immediately condemned by Japan and South Korea, while President Trump succinctly stated, “We will take care of it.”

In April 2018, ahead of his summit with South Korean President Moon Jae-in, Kim announced that he would suspend the country’s nuclear and missile tests and close the site where the last six nuclear tests took place. “We no longer need nuclear tests or test launches of intermediate-range and intercontinental ballistic missiles, and therefore the North’s nuclear test site has finished its task,” he said, according to the Korean Central News Agency.

Relations With South Korea and 2018 Olympics

In his New Year’s address to open 2018, Kim struck a moderate tone. He stressed the need to “ease military tensions on the Korean Peninsula” and hinted that he would send a delegation to the upcoming Winter Olympics in PyeongChang, South Korea. Nevertheless, he did not miss the opportunity to issue one of his usual threats to his opponents abroad, warning the United States that “the button for nuclear weapons is on my table.”

His overtures, seen by some analysts as an attempt to drive a wedge between U.S.-South Korean relations, were welcomed by his neighbors: “We have always expressed our willingness to talk to North Korea anytime, anywhere, if it would help restore inter-Korean relations and peace on the Korean Peninsula,” said a spokesman for South Korean President Moon.

On Jan. 9, 2018, representatives from North and South Korea met in the truce village of Panmunjom on the border between the two countries for their first talks in more than two years. The talks resulted in an agreement under which North Korea would participate in the Winter Olympics the following month.

“The North said it would send a high-level delegation consisting of Olympic committee representatives, athletes, a cheering squad, an art group, spectators, taekwondo demonstrators and the press,” South Korean Vice Minister for Unification Chun Hae-sung reported.

In addition to the North Korean delegation, Kim Yo-jong, the head of state’s younger sister and the first member of North Korea’s ruling family to visit South Korea, also made her mark on the Games with her appearance. At a dinner with President Moon, she expressed hope for peace: “We hope that in Pyeongchang we will see the friendly people (of the South) again and come closer to the future in which we will be united again.

Shortly after the Olympics ended, two of President Moon’s closest aides traveled to Pyongyang-the first visit by South Korean officials since Kim took power in 2011. Although few details about the talks have emerged, plans were made at the meeting for a summit between North and South Korean leaders in the demilitarized zone (DMZ) that separates the two countries.

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Summit with South Korean President

On April 27, 2018, Kim and Moon met in Panmunjom and crossed over to the South Korean side – the first time a North Korean ruler has done so. The partially televised meeting was marked by light-hearted moments. For example, Kim jokingly apologized for disturbing his counterpart’s sleep with nightly missile tests.

But they also talked about serious issues such as a possible conference with the U.S. and China that would formally end the Korean War and efforts to eliminate nuclear weapons developed by Kim’s regime. “South and North Korea reaffirmed the common goal of achieving a nuclear-weapon-free Korean Peninsula through complete denuclearization,” a statement signed by the two leaders said.

Visit to China

In late March 2018, a green train entered the main train station in Beijing, China, bearing the characteristics of the armored types previously used by the North Korean leadership. It was later confirmed that the train was carrying Kim and his closest aides on what is believed to be his first trip abroad since taking power in 2011.

According to Chinese and North Korean media reports, Kim and Chinese President Xi Jinping held talks at the Great Hall of the People. Xi also hosted a banquet for Kim and his wife and invited them to an art performance. Kim reportedly toasted them, saying, “It is appropriate that my first foreign trip is to China’s capital, and it is my responsibility to consider the continuation of North Korea-China relations as precious as life.”

The surprise meeting came just ahead of North Korea’s planned talks with the South and another historic summit with the United States looming on the horizon.

Meetings with U.S. President Trump

On June 12, 2018, Kim and Trump shook hands at the secluded Capella resort in Singapore before leaving for private talks with their interpreters. Their meeting, the first between a member of the ruling Kim family and a sitting U.S. president, came just weeks after the latest round of belligerent rhetoric threatened to torpedo the effort.

After extended talks that included senior aides, the two leaders signed a joint statement in which Trump pledged to provide security guarantees to North Korea and Kim reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula. The statement did not provide specifics, but the two men said negotiations would resume shortly.

“We had a historic meeting and decided to put the past behind us,” Kim said at the signing ceremony, noting that “the world will see a great change.”

Despite Kim’s pledges to the peace process, North Korean factories continued to produce fissile material for building nuclear weapons. In late July, the Washington Post reported that the regime may be building new liquid-fueled intercontinental ballistic missiles.

Kim and Trump met for the second time on Feb. 27, 2019, at the Hotel Metropole in Hanoi, Vietnam. The two leaders exchanged friendly words, with Trump highlighting the country’s great economic potential and Kim praising his counterpart’s “courageous decision” to start talks.

However, the two sides abruptly ended their talks on the second day because the Americans rejected North Korea’s offer to dismantle its main nuclear facility – but not its entire weapons program – in exchange for the lifting of all sanctions. Trump said the meeting nevertheless ended on good terms, with Kim pledging to continue to refrain from nuclear and missile tests.

Kim and Trump met for the third time on June 30, 2019, with their meeting at the DMZ marking the first time a sitting U.S. president has entered North Korea. Following their show of solidarity, it was announced that both sides have named negotiators to resume talks.

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Meeting with Vladimir Putin

In late April 2019, Kim traveled on an armored train to Vladivostok, Russia, to visit President Vladimir Putin. The train ride resembled that of his father, who had met Putin in the same Russian city in 2002.

The meeting apparently served to express solidarity between the two heads of state at a time when talks between North Korea and the United States had stalled. No official agreements emerged from the meeting with Putin, although Kim described the talks as “very significant.”

Public Persona and Wife

In the summer of 2012, it became known that Kim had taken a wife, Ri Sol-ju. The couple’s exact wedding date is not known, but one source gave it as 2009. In the months following the announcement of the marriage, the country’s first lady made frequent appearances in the media – a striking departure from previous protocols. There was also speculation that the couple had a child.

Kim Jong-un, who belongs to the cyber generation, is considered more media savvy than his father. The younger Kim has delivered a New Year’s address, participated in musical events with his wife, and is considered more engaged with soldiers and workers.

He has also moved closer to Western cultural tastes, which was particularly evident when former American professional basketball player Dennis Rodman paid a two-day visit to North Korea in February 2013. During Rodman’s stay, Kim accompanied him to a basketball game. Rodman said he wanted to help improve relations between the United States and North Korea.

In 2018, when he extended an olive branch to South Korea for denuclearization talks, Kim also tried to show a kinder, gentler side of himself. The new version of Kim was evident when he attended a concert by South Korean pop group Red Velvet in Pyongyang, which he described as a “gift” to his citizens.

Economic Plight of North Korea

North Korea is plagued by poverty and economic ruin. In the 1990s, there was a devastating famine and food shortages. The country also reportedly has a system of concentration camps where thousands of prisoners live in torturous and horrific conditions.

Kim has promised to focus on reforms in education, agriculture, and the economy to improve the situation for North Koreans. Yet South Korea has maintained that human rights abuses continue to be committed within the borders of its northern neighbor and that dozens of state officials have been executed under Kim. In July 2016, President Barack Obama’s administration imposed sanctions on Kim for human rights abuses, marking the first time the North Korean leader received a personal sanction from the United States.

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Prison Camps

In December 2017, the International Bar Association published a report describing North Korea’s political prison system. According to Thomas Buergenthal, one of the association’s three lawyers and a survivor of the infamous Auschwitz camp in Nazi Germany, Kim’s prisoners were subjected to conditions unmatched in their brutality.

“I believe that the conditions in the [North] Korean prison camps are as terrible or even worse than what I saw and experienced in my youth in those Nazi camps and in my long professional career in the field of human rights,” he said.

The panel heard from former detainees, prison guards, and others as part of its investigation into North Korea’s prison system from 1970 to 2006, concluding that Kim’s political prison camps were responsible for 10 of the 11 internationally recognized war crimes, including murder, enslavement, and sexual violence.

Health, Succession & Sister

The question of Kim’s whereabouts and personal well-being became a source of intrigue after he missed the annual celebration of his grandfather’s birthday – known as the Day of the Sun – on April 15, 2020. As his public absence dragged on for weeks, various reports described the head of state as recovering from heart surgery or possibly incapacitated, sparking additional speculation about who would take control of the country in the event of his demise.

Some analysts suggested that his younger sister, Kim Yo-jong, was being groomed to take his place, while others suggested that the Workers’ Party would prefer collective leadership by older men. Ultimately, the issue was taken off the table for the time being when Kim reappeared at the opening of a fertilizer factory in early May.

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