Lee Jae-yong has the most valuable portfolio in Korea

Home > Business > Industry

print dictionary print

Lee Jae-yong has the most valuable portfolio in Korea

Lee Jae-young, vice chairman Samsung Electronics, has emerged as Korea's richest stockholder after inheriting shares from his late father, a corporate tracker said Monday. Lee's mother and his two sisters ranked second to fourth, with Kim Beom-su, founder and chief of Kakao, dropping to fifth, according to CXO Institute.
 
The value of Lee's stock holdings stood at 15.62 trillion won ($14 billion) as of Friday, the largest among 90 family members of the country's 60 major company groups and up more than 7 trillion won from a month earlier.
 
In late March, Jae-yong inherited nearly 10 percent of Samsung Life Insurance and shares in other related companies from his father Lee Kun-hee.
 
The elder Lee died on Oct. 25 at age 78, more than six years after being hospitalized for a heart attack. He had been the country's richest stockholder for the past 10 years, with his stock value reaching 17.7 trillion won as of late October.
 
Lee was survived by his wife, Hong Ra-hee, only son, Jae-yong, and two daughters -- Boo-jin and Seo-hyun.
 
Hong placed second in the country's stock-rich rankings with 11.43 trillion won, followed by Boo-jin, chairwoman of Hotel Shilla with 7.78 trillion won and Seo-hyun in charge of the Samsung Welfare Foundation with 7.21 trillion won.
 
Kim fell to fifth place from third with 6.71 trillion won, trailed by Chung Mong-koo, honorary chairman of Hyundai Motor Group, with 5.6 trillion won; Suh Kyung-bae, president of Amorepacific, with 4.96 trillion won; and Hyundai Motor Group Chairman Chung Eui-sun, with 3.73 trillion won, according to the institute. 
 
Yonhap
 
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now