Business Transformation

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

Jae-yong (Jay Y. Lee)

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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Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email alexandra-dimitropoulou@ceoworld.biz. You can follow her on Twitter at @ceoworld.