Samsung’s de facto chief Lee Jae-yong has become South Korea’s richest stakeholder

Lee Jae-yong, vice chairman of global tech giant Samsung Electronics Co.has become South Korea’s richest stakeholder following his father’s death. The 49-year-old Lee Jae-yong’s stock value stood at $8.35 billion, as of December 30, 2020, nearly $1.72 billion more than last year, according to CEO Score, a local corporate researcher.

Samsung Electronics Vice Chairman Lee Jae-yong’s stock value doesn’t include stock assets he will inherit from his deceased father.

Samsung Chairman Lee Kun-hee passed away in late October, leaving behind shares in major Samsung units like Samsung Electronics, Samsung Life, and Samsung C&T.

He was survived by his wife Hong Ra-hee, the only son and Vice Chairman Lee Jae-yong, and two daughters of Lee Bu-jin and Lee Seo-hyun.

Hyundai Motor Group Honorary Chairman Chung Mong-koo was the 2nd richest stakeholder in South Korea, with his stock ownership valued at $4.55 billion.

The list of South Korea’s richest stockholders in 2020, meanwhile, included Kim Beom-su, founder and chief of South Korea’s top mobile messenger operator Kakao Corp., came in third with a stock value of $4.42 billion, up $2.26 billion from the beginning of 2020.

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