Moon Jae-in Net Worth 2022 – How Did He Get Rich?

Moon Jae-in Net Worth 

Moon Jae-in has an estimated net worth of $8 million. Moon Jae-in was elected President of the Republic of Korea and began his five-year term in May 2017. He earned the majority of his income from his political career. 

Moon Jae-in is a South Korean politician who currently serves as the country’s President. After growing up in poverty, he became a student protest leader while attending Kyung Hee University, and after two decades as a human rights lawyer, he joined President Roh Moo-administration hyun’s in 2002. Moon began his political career as a member of the National Assembly in 2012. Moon was elected President of the Republic of Korea in May 2017 following the scandal that brought his predecessor, Park Geun-hye, down.

To calculate the net worth of Moon Jae-in, 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 student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Moon Jae-in
Net Worth: $8 Million
Monthly Salary: $40,000+
Annual Income: $500,000+
Source of Wealth: Politician, President of South Korea

Early Years

Moon Jae-in was born on January 24, 1953, on Geoje Island in South Korea. His parents, who had fled the communist regime in North Korea, struggled to keep the family out of poverty; Moon has told of being strapped to his mother’s back while she sold eggs to make ends meet.

Despite his difficulties, Moon proved to be a bright child, and he was accepted into Busan’s prestigious Gyeongnam Middle School. His activist tendencies began at Kyungnam High School, and he later led protests against President Park Chung-hee while studying law at Kyung Hee University, which resulted in his arrest at one demonstration.

In 1976, Moon was drafted into the army’s special forces and participated in “Operation Paul Bunyan,” a response to the killing of two American soldiers in the Korean Demilitarized Zone. Later in the decade, he returned to his studies and activism, reportedly learning he had passed the bar exam after being arrested at another protest in 1980.

Moon maintained his academic excellence by graduating second in his class from the Judicial Research and Training Institute in 1982. However, he discovered that he was ineligible to become a judge due to his extensive involvement in anti-government protests.

From Lawyer to Top Political Aide

Around this time, Moon met Roh Moo-hyun, another lawyer with similar values. They joined forces to run a human rights law firm in Busan, frequently representing students and low-wage laborers.

Moon continued with the practice after Roh left in 1987 to pursue a successful political career. After Roh was elected president of South Korea in 2002, Moon re-joined forces with his old friend, this time as senior secretary for civic affairs.

Moon adeptly adjusted to his new responsibilities, despite later mentioning his initial awkwardness as a public servant. In 2004, he assisted in the opening of Kaesong Industrial Park, a joint economic project between the governments of North and South Korea. In 2007, he became Roh’s chief of staff and chaired the promotion committee for a meeting with North Korean leader Kim Jong-il.

Political Leader

Moon, who was eager to return to private practice after the Roh administration ended in 2008, was thrust into the spotlight after Roh committed suicide the following year, serving as the public face for a bereaved nation.

Moon was elected as a national assemblyman from Busan’s Sasang-gu District in 2012, filling the void left by his late friend and mentor. That same year, he ran for president against Park Geun-hye, the daughter of his old adversary, Park Chung-hee, but lost narrowly.

Moon was elected chairperson of the New Politics Alliance for Democracy in 2015, which later became the Democratic Party of Korea. Moon was at the forefront of the protests calling for the president’s removal in late 2016, after news of Park’s improper dealings with a longtime confidante surfaced, leading to her impeachment and formal removal from office on March 10, 2017.

Moon quickly emerged as the front-runner for the vacant presidency. He promised firm but patient dealings with North Korea’s increasingly aggressive tactics, expressed hope for a reunified peninsula, and promised to enact a stimulus plan to combat rising unemployment. Moon won the 19th South Korean presidential election on May 9, 2017, nearly doubling the vote of his nearest rival.

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South Korean President

Moon announced his intention to leave the traditional Blue House and become the “Gwanghwamun president” in his new role. He also outlined his administration’s policy objectives, which included a focus on addressing income inequality and decentralizing governmental authority.

Meanwhile, the president had to deal with North Korean leader Kim Jong-efforts un’s to develop his nuclear weapons program. While expressing solidarity with US President Donald Trump on the issue, Moon demonstrated that he would have a strong say in matters of negotiation and military strategy: In June 2017, he halted the activation of the Terminal High Altitude Air Defense (THAAD) system, which was installed by the United States, pending an environmental review.

A few months later, the president reaffirmed his goal of eliminating nuclear weapons on the peninsula during his state of the nation address to the National Assembly.

“According to the two Koreas’ joint agreement on denuclearization, North Korea’s nuclear status cannot be accepted or tolerated. We will also not develop or possess nuclear weapons “he said.

Improved Relations and Meeting with North Korea’s Kim

The beginning of 2018 saw progress on that front, thanks to Kim’s willingness to engage with his southern neighbors. Representatives from North and South Korea met in January at the Panmunjom border truce village, resulting in an agreement to have their athletes march under the banner of a unified Korea at the 2018 Winter Olympics, which were held the following month in PyeongChang, South Korea. In addition, North Korean leader Kim Jong-un dispatched his sister Kim Yo-jong as an emissary to the Games.

Even after the Olympics, communication remained open, with some of President Moon’s top aides traveling to Pyongyang for the first visit by South Korean officials since Kim took power in 2011. The aides also communicated Kim’s willingness to meet with US officials to their counterparts in Washington, D.C., laying the groundwork for a historic summit on that front.

Kim became the first North Korean leader to cross the border into South Korea on April 27 for a meeting with Moon in Panmunjom. The partially televised event featured many warm embraces and symbolic flourishes, as well as discussions about the critical issues confronting the two countries. Along with declaring their desire for a formal end to the Korean War, which ended in 1953 with a truce but no armistice, the two leaders signed a statement in which they “confirmed the common goal of realizing, through complete denuclearization, a nuclear-free Korean Peninsula.”

Personal Life

Moon met his wife, singer Kim Jung-sook, when they were both students at Kyung Hee University. They married in 1981 and have two children.

The president has written several books, including his autobiography, Moon Jae-in: The Destiny, published in 2011.

Further Reading

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How To Become Rich Like Moon Jae-in?

Moon Jae-in did not become rich by luck. To become as rich as Moon Jae-in, you have to work smart.

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