Business Transformation

The Samsung drama: Hong Ra-hee is now worth $7.4 billion

In the much-awaited transfer of her husband’s assets, Hong Ra-hee, the wife of the late Samsung chief Lee Kun-hee, boosted her fortune to $7.4 billion. Lee Kun-hee, who died on 25 October 2020, at the age of 78, was survived by his wife, Hong Ra-hee, only son, Lee Jae-yong (also known as Jay Y. Lee), and two daughters — Lee Boo-jin and Lee Seo-hyun.

Hong Ra-hee (born 15 July 1945) inherited about 83 million shares in Samsung Electronics Co., making her the largest individual shareholder in the tech giant with a 2.3% stake.

With a net worth of $7.4 billion, Hong Ra-hee is the richest woman in South Korea.

The late Lee Kun-hee’s only son Lee Jae-yong (born 23 June 1968) is worth $12.6 billion, while his sisters Lee Boo-jin and Lee Seo-hyun saw their wealth swell to $5 billion and $4.4 billion, respectively.

Top 10 richest people in South Korea

  1. Kim Jung-ju: $14 billion
  2. Lee Jae-yong: $12.6 billion
  3. Seo Jung-jin: $12.4 billion
  4. Kim Beom-su: $11.5 billion
  5. Hong Ra-hee: $7.4 billion
  6. Kwon Hyuk-bin: $6.8 billion
  7. Mong-Koo Chung: $5.9 billion
  8. Lee Boo-jin: $5 billion
  9. Suh Kyung-bae: $4.6 billion
  10. Lee Seo-hyun: $4.4 billion

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Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.