Hyundai chiefs becoming even more wealthy.

 

"Shares of Hyundai Motor Co. jumped as much as 25% in Seoul Friday -- the most since 1988 -- after South Korean media said the carmaker was in talks with the US tech giant over developing self-driving vehicles. Hyundai initially confirmed the report before dialing it back to excise any mention of Apple, saying it had been receiving requests to cooperate on the technology from a number of companies.

Regardless, the stock surge boosted the combined fortune of Hyundai Motor Group Chairman Euisun Chung and his father, Mong-Koo, by almost $2 billion, according to the Bloomberg Billionaires Index.

Hyundai Motor Group chairman Euisun Chung is now worth $4.8 billion and his father’s wealth has climbed to $7.4 billion."

(Story From Bloomburg) 

 

 If the $12-Billion were divided among the 3,000 workers at the Montgomery plant, they would each get $3-Million bucks.