We investigated the lipid components in ten wheat cultivars and their physiological activities. The crude lipid contents of wheat cultivars varied from 1.42 to 2.35%. The α-tocopherol content of 'Ofri' (9.15 μg/g) and the β-tocopherol content of 'Baekchal' (4.19 μg/g) were higher than that in other cultivars. γ-Tocopherol contents of 'Baekchal', 'Saegeumgang', and 'Hwanggeumal' were 0.23, 0.19, and 0.23 μg/g, respectively, but it was not detected in any other cultivar. α-Tocotrienol content was highest in 'Baekkang' (3.83 μg/g), and β-tocotrienol contents ranged from 12.42 to 17.24 μg/g and were also highest in 'Baekkang'. β-Sitosterol and campesterol contents were higher in 'Goso ' (2,527.18 and 284.72 ppm, respectively) than in other cultivars. DPPH radical scavenging activities ranged from 2.41 to 4.26 mg TE/g, and 'Jokyoung' had the highest level. 'Baekchal' had greatest tyrosinase inhibitory activity (50.62∼69.60%). The study provides basic information on the functional properties of wheat cultivar lipids and will aid the utilization of wheat as a raw material for cosmetic industries.