K-drama superstar Kim Hee Ae (The World of the Married, Queenmaker) has boosted her net worth substantially, reportedly pulling in (KRW 40 billion) $30 million without lifting a finger to work.
Per Building Road Real Estate, the three parking lots were bought in 2006 by Kim for around KRW 11.9 billion (nearly $8.57 million USD) in the upscale Gangnam district of Seoul.
Positioned next to Cheongdam-dong Luxury Street, it is known as the body of high-end retail fronts by international powerhouses such as Louis Vuitton, Gucci, and Armani.
Kim initially bought the property to be used as parking; however, in 2020, she started working on building a new structure on site.
The finished product includes four basement levels and five floors above ground, containing a dermatology clinic and several flagship stores.
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The third and fourth basement floors are reserved for parking and management offices.
Current valuations indicate the market price of Kim's newly developed segment has jumped to approximately ₩50 billion KRW (approx. $36 million USD), giving it a gain of nearly ₩39 billion KRW (₩28.1 million USD) after 18 years.
Experts say her property value will only go up from here, which means she will have more rent income.
Kim's journey is similar to that of many other celebrities and non-celebs who have used real estate investing to build wealth.
However, between each shooting and haircut, Kim Hee Ae can still take the lead in this era that more and more public figures are trying to step into with business investments that give a big profit.
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This article was written by:
Rovelyn Barba
