David Yong, CEO of Evergreen Group Holdings, is one of the wealthiest cast members of the “Super Rich In Korea” series and has an estimated net worth of $90 million.
“Super Rich In Korea” is a reality TV show that provides viewers with an inside look into the lives of ultra-rich individuals living in South Korea.
David Yong is one of the prominent cast members featured on this reality show. He is an esteemed multinational entrepreneur, venture capitalist, and legal expert.
Yong is a Singaporean who lives in Seoul, South Korea, and is known for his business insight and lavish lifestyle.
Moreover, Yong comes from a wealthy family and has invested significantly in the Korean entertainment industry.
David Yong in the Top 1% of Wealthiest Individuals in Singapore
David Yong is a Singaporean businessman and CEO of Evergreen Group Holdings with an estimated net worth of $90 million as of 2024.
Evergreen Group Holdings, initially established as a small business, was founded by David Yong’s father Yong Ing Fatt in the 1990s.
Over the years, it has grown into a multinational enterprise with diverse investments across various industries and countries.
Yong now serves as this dynamic group’s Chief Executive Officer. He also oversees various businesses in various industries, such as timber, real estate, food, lifestyle, and finance.
When he joined the family business in 2014, the headcount was around 150 to 200, with turnovers between $20 million and $25 million.
Then, Yong managed close to 600 employees and achieved a turnover of $58.7 million in 2019.
Yong is a luxury car lover with an impressive collection of 11 luxury cars and a private jet.
Moreover, he owns multiple top-model cars, including a Rolls-Royce, and receives recognition for his preference for shiny, branded clothing.
David Yong’s collection reflects his taste for luxury and performance. Each car represents a significant investment and a statement of his success and lifestyle.
In addition to his business insight, David Yong has ventured into the competitive world of K-pop entertainment.
He debuted as a singer in 2022 and invested $10.2 million in the industry through partnerships with leading agencies like Attrakt.
Fluent in Korean, David Yong aims to bridge Southeast Asian and South Korean cultures through music and entertainment.
David Yong’s Versatile Journey from Law to Entrepreneurship
Before establishing himself as a prominent businessman and K-pop artist, Yong embarked on a career in law.
He worked as a trainee lawyer at Baker McKenzie in 2013 after completing his Bachelor of Law degree from the University of Bristol.
In October 2014, after graduating from law school, Yong was called to the Singapore Bar.
He became a Managing Partner at YSL Legal in 2020, leading private client services and specializing in personal injury, insurance claims, and civil and criminal litigation.
Despite his legal background, Yong shifted his focus to entrepreneurship and entertainment, using his diverse business and music skills.
Moreover, his journey from trainee lawyer to successful businessman and cultural ambassador is truly captivating.
His wealth, lifestyle, and business ventures make him prominent in Singapore and South Korea.
Additional Information
- David Yong goes on a double date with Teodoro Marani (Teo) in the show.
- David Yong joined the Korean reality show, Super Rich in Korea which premired on Netflix on Tuesday, May 7, 2024.
- The second richest contestant in the show is Yoo Hee Ra, also known as Aren.
