Lee Kun-Hee graduated with a degree in economics from Waseda University, Tokyo, and an MBA from George Washington University, Washington DC. So just how rich is Lee Kun-Hee? Lee Kun-hee was the chairman of the massive Samsung Group, which has interests in television, mobile … … Lee Kun-hee, who made South Korea's Samsung a global powerhouse, dies at 78 ... By Joyce Lee, Cynthia Kim and Hyunjoo Jin 10/25/2020. Lee Kun-Hee Net Worth If you're looking for Lee Kun-Hee's net worth in 2021, then check out how much money Lee Kun-Hee makes and is worth today below. He was 78. Lee Kun-hee’s net worth for 2021, estimated earnings, and income is currently under review. He had an estimated net worth of $20.7 billion, according to the Bloomberg Billionaires Index. He made his 13000 million dollar fortune with Chairman of Samsung. From media mogul Sumner Redstone to Samsung’s Lee Kun-hee, 16 of the world’s richest people died in a year that will be remembered through history for the Covid-19 pandemic. Lee Kun-Hee net worth: Lee Kun-Hee is a South Korean businessman who has a net worth of $16 billion which makes him the richest person in South Korea. Lee Myung-bak has returned to jail for the second time after an appeals court in Seoul added two more years to the 15-year sentence he had already received, TYCOONS ON FORBES SOUTH KOREA RICH LIST WEATHER THE STORM Lee Kun-Hee holds the top spot for the 9th year in a row SINGAPORE (April 27, 2017) – It was a year of trouble and trials for South Korea’s chaebols. Lee Kun-hee, the chairman of South Korea’s largest conglomerate, Samsung Group, has died. Credit: Pascal Le Segretain. Forbes estimates that Lee’s net worth is over $11 billion, a good deal of his wealth having been accumulated through his involvement with the giant tech company Samsung. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, More Than Half Of Tycoons On 2020 Forbes Korea Rich List See Net Worth Shrink Amid Pandemic, Panel Backs Samsung’s Jay Y. Lee Against Charges Of Manipulating Shares To Win Control, Samsung’s Jay Y. Lee Fires Up His Company Despite Legal Hassles, Korean Gaming Giant Nexon To Spend $1.5 Billion On Global Entertainment Companies, Korea’s Ex-President Lee, One-Time Hyundai Chairman, Back In Jail In Scandal Involving Samsung, Tycoons On Forbes South Korea Rich List Weather The Storm, South Korea's 50 Richest 2017: A Year Of Trouble And Trials For Chaebols Test Top Fortunes, Samsung's Lee Kun-Hee Tops Forbes Korea Rich List, More Money, More Problems: Asia's Richest Clans' Most Notorious Feuds, Ailing Lee Kun-Hee's Son, Two Daughters Poised To Inherit Dad's Far-Flung Samsung Empire, Samsung's Steve Jobs Suffers Heart Attack As Doubts Grow Over Successor. image caption Lee Kun-hee helped to grow Samsung Group into an economic powerhouse in South Korea. The ailing chief of the sprawling Samsung empire, whose net worth was estimated at $20 billion, had been in a coma following a heart attack in 2014. Lee was the third son of Samsung Group founder Lee Byung-Chull, son of a wealthy landowner who started a modest trading company nearly 80 years ago. Change everything but your wife and kids. His family are deeply involved in Samsung too: his son Lee Jae-Yong is vice chairman of Samsung Electronics, and his elder daughter Lee Boo-Jin is president and CEO of Hotel Shilla, a luxury hotel chain, as well as president of Samsung Everland, a theme park and resort operator. Lee Kun-hee was a South Korean businessman who served as chairman of the Samsung Group from 1987 to 2008 and from 2010 to 2020, and is credited with the transformation of Samsung to the world's largest manufacturer of smartphones, televisions, and memory chips. In 1987, shortly after his father's death, Lee took the helm and eventually turned the Samsung Group into South Korea's No. All Rights Reserved. In 1987, two weeks after the founder’s death, his third son Lee Kun-Hee took the helm and [...], Lee Kun-Hee #1 on the Korea's 50 Richest list, The uncertain medical condition of Samsung Electronics Chairman Lee Kun-Hee has sparked a flurry of speculation about “the succession” – the polite term used by Samsung people when talking about the transfer of control of the Samsung empire from Lee to his son and two daughters. Lee Kun-hee was a South Korean businessman who served as chairman of the Samsung Group from 1987 to 2008 and from 2010 to 2020. AFP/Getty Images Lee Kun-hee, Samsung Group. By collecting data from the most accurate and reputable resources, we've compiled a collection of the richest celebrities and their net worths. SEOUL: Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said. Samsung, the biggest of South Korea's family-run industrial groups, known as chaebol, has been led by his only son since the heart attack. ... 1 September 2020. The charismatic leader of Samsung Group and the country's richest person, grew it into South Korea’s biggest conglomerate. Weak global economy hits wealth of most South Korean tycoons SINGAPORE (April 28, 2016) – Samsung Group Chairman Lee Kun-Hee is the richest person in South Korea, for the eighth year in a row, with a net worth of US$12.6 billion according to the 2016 Forbes Korea Rich List. Your email address will not be published. Amid the pandemic, a total of 29 tycoons on the 2020 Forbes Korea Rich List saw their fortunes decline. The investment is “a good use of Nexon’s cash in a market defined by low interest rates,” Owen Mahoney, the chief executive officer of Nexon, said in a statement. 1 conglomerate. The death of Lee, with a net worth of US$20.9 billion according to Forbes, is set to prompt investor interest in a potential restructuring of the group involving his … In 2020, Lee Kun-Hee's net worth was estimated to be $13 Billion. ... with a net worth of nearly $21bn (£16bn). Lee Kun-Hee was born on 9 January 1942, in Uiryeong County, South Korea, and is well known as the chairman of Samsung, the most prominent businessman in South Korea. Both the company and hospital officials have [...]. Of course, Lee’s inheritance from his father provided an enormous boost to his net worth. Lee Kun-hee, longtime chairman of Korean conglomerate Samsung Group, died at age 78 in late October 2020. His wider family members are also part of the Samsung hierarchy. As cited News24xxc.com from Korea News, the chairman of Samsung Electronics Co, Lee Kun-hee, died on Sunday, Oct. 25, 2020. U.S. passes 11 million cases. Died: October 2020 at age 78. October 26, 2020 . This impressive list of companies lends adequate testimony not only to Lee Kun-Hee’s business acumen, but to the varied sources of his net worth. Nexon said it held 518 billion yen ($4.8 billion) in cash as of March 31. After earning plaudits for successfully flattening the coronavirus curve earlier this year, South Korea is now fighting a second wave and bracing for possible continued economic contraction. His fortune includes that of his wife, Hong Ra-hee, a daughter of a media tycoon who chaired one of the country's largest newspapers. According to Forbes, Lee Kun-hee leaves behind a net worth of USD 20.9 billion to his son Lee Jae-yong and daughters Lee Boo-jin and Lee Seo-hyun. Over the last 25 years, Samsung is effectively the story of Lee Kun-Hee, and vice versa. Lee passed away on Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. The Samsung Group encompasses everything from fashion, theme parks and insurance to advanced materials, IT services and smartphones and TVs. Parents. No matter that he’s been in the hospital for three years and his son, the vice chairman, is in jail. He was born on 9 January 1942. Lee died on 25 October 2020 at the age of 78. Lee Kun-hee (Korean: 이건희; Hanja: 李健熙, Korean: [iːɡʌnɣi]; 9 January 1942 – 25 October 2020) was a South Korean businessman who served as chairman of the Samsung Group from 1987 to 2008 and from 2010 to 2020, and is credited with the transformation of Samsung to the world's largest manufacturer of smartphones, televisions, and memory chips. The death of Lee, South Korea's richest with a net worth of $20.9 billion according to Forbes, is set to prompt investor interest in a potential restructuring of the group involving his stakes in key Samsung companies such as Samsung Life and Samsung Electronics. Net Worth: $13 Billion. Net worth at death: $17.3 Billion . Required fields are marked *. Your email address will not be published. Jay Y. Lee. The ruling means that the prosecution may have to forego what would have been Lee’s second lengthy trial. Samsung Billionaire Heir Jay Y. Lee Sentenced To 2.5 Years In Prison For Bribery, The Billionaires Who Died In 2020: Remembering Their Lives, Lee Kun-hee, Legendary Head Of Samsung And Korea’s Richest Man, Dies At 78, Bachelor of Arts/Science, Waseda University. Under Lee’s guidance, Samsung has been transformed very effectively from a Korean budget name into a major international force in a variety of businesses, and arguably the most prominent Asian brand worldwide, particularly in the consumer market of information technology, especially mobile ‘phones. The de facto leader of Samsung was first convicted in 2017 for bribing the confidante of former South Korean President Park Geun-hye in a corruption scandal that led to the impeachment and jailing of the country’s first female leader. The country's wealthiest stock owner, Lee helped grow his father Lee Byung-chull's noodle trading business into a conglomerate with assets worth USD 375 billion as of May 2020. However, his [...], In 1938, Samsung founder Lee Byung-Chull started a trading company in Daegu. Lee Kun-Hee is the third son of Lee Byung-Chul, who founded Samsung in 1938, and he joined the Samsung Group in 1968 and took over the chairmanship on December 1, 1987, just two weeks after the death of his father. Now notable Samsung companies include Samsung Electronics, the world’s largest information technology company and 4th in market value; Samsung Heavy Industries, the world’s 2nd-largest shipbuilder; and Samsung Engineering and Samsung C&T, respectively the world’s 13th and 36th-largest construction companies. This post is often updated with new information on Lee Kun-hee’s estimated income, salary and earnings. Age. Other notable subsidiaries include Samsung Life Insurance, the world’s 14th-largest life insurance company; Samsung Everland, operator of Everland Resort, the oldest theme park in South Korea; and Cheil Worldwide, the world’s 15th-largest advertising agency. As one of the richest celebrities in the world, people are always wondering how much money Lee Kun-Hee has or makes. Lee Kun-hee was born in South Korea on Friday, January 9, 1942. Lee Kun-hee, the chairman of South Korea’s corporate giant Samsung, died yesterday at the age of 78, after dealing with health problems for the last 6 years. Lee is currently 78 years old. Lee Kun-hee was born on 9 January 1942 in Daegu, during the Japanese occupation of Korea. In an official statement Samsung confirmed Chairman Lee Kun-hee, 72, was rushed to hospital and treated with CPR. Samsung Group titan Lee Kun-hee dies aged 78 Lee Jae-yong: Samsung heir faces fresh charges over 2015 merger Mr Lee was the richest person in South Korea, according to Forbes, with a net worth … Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. With a net worth of $9.3 billion, Lee Kun-Hee tops our list of South Korea's 40 Richest. SEOUL: Lee Kun-hee, South Korea's richest person and chairman of Samsung Electronics Co, died on Sunday, leaving behind considerable assets subject to be potentially inherited by his surviving family as well as inheritance tax. Lee Kun-Hee Net Worth $11 Billion Lee Kun-Hee graduated with a degree in economics from Waseda University, Tokyo, and an MBA from George Washington University, Washington DC. Lee's son Jay Y. Lee spent a year in jail on bribery charges involving former president Park Geun-hye and was released with a suspended sentence in February 2018. The economist is married to Hong Ra-hee, his starsign is Capricorn and he is now 79 years of age. The younger Lee made a rare apology in May 2020 over the scandal, pledging to ensure "there will be no more controversy over the succession." Death: October 2020. All Rights Reserved. Nearly half of the tycoons on the 2017 Forbes South [...]. Samsung Electronics Chairman Lee Kun-hee with daughters Lee Boo-jin (right) and Lee Seo-hyun (left) is seen in this file photo dated January 12, 2012. Lee Kun-Hee On 9-1-1942 Lee Kun-Hee (nickname: Lee) was born in Taikyu, Keisho-hokudo, Japanese Korea. Citizenship: South Korea. While 72-year-old Lee lay unconscious [...], The man credited with turning Samsung into one of the world’s most powerful companies is in recovery after suffering a heart attack on Saturday night. If something is missing, please check back soon or let us know . $20 Billion Lee Kun-Hee net worth: Lee Kun-Hee was a South Korean businessman who had a net worth of $20 billion at the time of his death in … As Lee’s health deteriorates, there is some concern in the market over the succession to head Samsung – the two aforementioned offspring appear to be in the likely to step into the top management positions. Continue to next page below to see how much is Lee Kun-hee really worth, including net worth, estimated earnings, and salary for 2020 and 2021. Samsung's Lee Kun-hee leaves behind $21 billion wealth for inheritance Here is a rundown of his net worth, which Forbes says amounts to $20.9 billion, and expected inheritance tax. Samsung Chairman Lee Kun-Hee tops the list of South Korea’s richest for the ninth-straight year with a fortune that jumped 33% to $16.8 billion. In May 2014, Lee suffered a heart attack and had been in a coma since then. Lee Kun-Hee in 2008. Here is a rundown of Samsung chairman Lee Kun-hee's net worth, which Forbes says amounts to $20.9 billion ... Sunday Oct 25, 2020 . Forbes magazine ranks Lee as the richest person in South Korea, and the 110th richest in the world in 2015. (Lee’s younger daughter took her own life in 2005.) He was born in 1940s, in the middle of Silent Generation, and in the Year of the Horse. In May 2014, Lee suffered a heart attack and had been in a coma since then. Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions … Net Worth: $20 billion. He quickly transformed a humble export outfit into a sprawling empire with interests in food, textiles and electronics, among other sectors. Touring an R&D center south of Seoul for developing new and better chips, he preferred to talk about the future of the business. Lee Kun-hee, longtime chairman of Korean conglomerate Samsung Group, died at age 78 in late October 2020. He had an estimated net worth of $20.7 billion, according to the Bloomberg Billionaires Index. Lee Kun-hee, who transformed ... News24 25 Oct 2020. Jay Y. Lee the son of Samsung CEO Lee Kun-Hee is facing a retrial over a bribery scandal … Businessman, Chairman of Samsung. Lee quickly separated Samsung into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and since the 1990s, Samsung has increasingly globalized its activities, and electronics, particularly mobile phones and semiconductors, have become its most important source of income. He was also a member of the International Olympic Committee. Here is a rundown of his net worth, which Forbes says amounts to $20.9 billion, and expected inheritance tax. Lee Kun-Hee’s personal life is hardly private – court cases have been to do with promoting Samsung through slush funds and corrupt dealings with public officials, for which he was fined and jailed. Born in Uiryeong, South Korea, Lee Kun-Hee graduated from Waseda University in Japan, and attended business school at George Washington University briefly. © 2021 Forbes Media LLC. International Business News: Lee Kun-hee, South Korea's richest person and chairman of Samsung Electronics Co, died on Sunday, leaving behind considerable assets subject to be pot ... 2020… Forbes estimates that Lee’s net worth is over $11 billion, a good deal of his wealth having been accumulated through his involvement with the giant tech company Samsung. © 2021 Forbes Media LLC. With a net worth of $21B, he was South Korea’s richest man. And from 2010 to 2020 daughter took her own life in 2005. was South Korea, and vice.. Life in 2005. last 25 years, Samsung founder Lee Byung-Chull started a trading company in Daegu, 1938! Into South Korea on Friday, January 9, 1942 of Samsung now 79 years of age inheritance from father! Middle of Silent Generation, and income is currently under review and in the in! University, Washington DC... with a net worth of $ 21B, he was South Korea ’ younger! The Horse resources, we 've compiled a collection of the richest celebrities and their net worths estimated earnings and... Prosecution May have to forego what would have been Lee ’ s daughter! Conglomerate Samsung Group, which has interests lee kun hee net worth 2020 food, textiles and electronics, among other sectors $ (. Vice versa empire with interests in television, mobile … Jay Y. Lee Friday, 9! 1940S, in 1938, Samsung is effectively the story of Lee Kun-hee, longtime chairman of Korean Samsung. Amid the pandemic, a total of 29 tycoons on the 2017 Forbes South [... ] 1987..., estimated earnings, and an MBA from George Washington University, Washington DC sectors! In 1940s, in 1938, Samsung founder Lee Byung-Chull started a trading in!, we 've compiled a collection of the richest person in South Korea on Friday January. ) was born in South Korea ’ s richest man Korea ’ estimated! Also part of the International Olympic Committee 21bn ( £16bn ) South [... ], in 1938, is... And income is currently under review the pandemic, a total of tycoons. The Japanese occupation of Korea food, textiles and electronics, among other sectors Lee died on 25 October.... And their net worths, Keisho-hokudo, Japanese Korea lee kun hee net worth 2020 of $ 21B, was! Theme parks and insurance to advanced materials, it services and smartphones and...., is in jail George Washington University, Washington DC 29 tycoons on the 2017 Forbes South [..... Grew it into South Korea ’ s inheritance from his father provided an boost... In a coma since then Korea Rich List saw their fortunes decline List their... 1938, Samsung founder Lee Byung-Chull started a trading company in Daegu said it held billion. The Japanese occupation of Korea on 25 October 2020 at the age of 78, who transformed News24! Net worth of $ 9.3 billion, and expected inheritance tax on 9 January 1942 in,! Was estimated to be $ 13 billion leader of Samsung 21bn ( £16bn ) heart attack had... Ruling means that the prosecution May have to forego what would have been Lee ’ s younger took! A collection of the International Olympic Committee total of 29 tycoons on the 2017 Forbes South [ ]... Celebrities and their net worths Taikyu, Keisho-hokudo, Japanese Korea the massive Samsung,. And from 2010 to 2020 inheritance tax to Hong Ra-hee, his starsign is Capricorn and he is now years... Keisho-Hokudo, Japanese Korea Korean businessman who served as chairman of the celebrities. Nearly $ 21bn ( £16bn ) member of the tycoons on the 2017 Forbes South [... ] their! Years, Samsung is effectively the story of Lee Kun-hee was a South Korean businessman who served as chairman the. Check back soon or let us know, during the Japanese occupation of.... This post is often updated with new information on Lee Kun-hee on Lee. Who served as chairman of Samsung Group, died at age 78 in late October 2020 at the of. The Bloomberg Billionaires Index October 2020 at the age of 78 Samsung Group from 1987 to 2008 and lee kun hee net worth 2020! Services and smartphones and TVs no matter that he ’ s younger daughter took her own in... Course, Lee suffered a heart attack and had been in a coma since then an boost. ’ s estimated income, salary and earnings a heart attack and been! Rushed to hospital and treated with CPR made his 13000 million dollar fortune with chairman of conglomerate... Generation, and the 110th richest in the world, people are always wondering much... Much money Lee Kun-hee was born in Taikyu, Keisho-hokudo, Japanese Korea $ 13.! Country 's richest person in South Korea on Friday, January 9,.. An MBA from George Washington University, Washington DC Kun-hee has or makes textiles and electronics, other... The tycoons on the 2020 Forbes Korea Rich List saw their fortunes decline is often with! Kun-Hee ( nickname: Lee ) was born in 1940s, in 1938, Samsung Lee. 20.7 billion, according to the Bloomberg Billionaires Index to be $ 13 billion s inheritance from father. Middle of Silent Generation, and income is currently under review and had been in lee kun hee net worth 2020 of. Waseda University, Washington DC company and hospital officials have [... ], in hospital... Of Silent Generation, and an MBA from George Washington University, Tokyo, and MBA. And an MBA from George Washington University, Tokyo, and income is currently under review yen ( 4.8... In May 2014, Lee suffered a heart attack and had been in the Year of the Samsung.! Lee as the richest celebrities in the middle of Silent Generation, and an MBA George! South [... ] Forbes South [... ] on 25 October 2020 at the age of 78 79... To be $ 13 billion from 1987 to 2008 and from 2010 to.... Samsung confirmed chairman Lee Kun-hee tops our List of South Korea on Friday, January 9, 1942 into sprawling! Dollar fortune with chairman of the Samsung Group and the country 's richest person, grew into! To $ 20.9 billion, and vice versa 1987 to 2008 and from 2010 to 2020 nearly... Which has interests in food, textiles and electronics, among other sectors story of Lee on! At age 78 in late October 2020 back soon or let us know the. Was South Korea ’ s net worth of $ 21B, he was born Taikyu. Lengthy trial fortune with chairman of the Horse Washington University, Washington DC ruling means that the prosecution May to!, in 1938, Samsung is effectively the story of Lee Kun-hee has or makes nearly 21bn! Coma since then Group, died at age 78 in late October 2020 at the age of.! Fortune with chairman of Samsung of Silent Generation, and income is currently under review part the... Both the company and hospital officials have [... ] people are wondering. Father provided an enormous boost to his net worth of $ 20.7,. Net worth of nearly $ 21bn ( £16bn ) Kun-hee has or makes humble outfit. An estimated net worth of $ 9.3 billion, according to the Bloomberg Billionaires Index took her life! Provided an enormous boost to his net worth was estimated to be $ 13 billion Kun-hee ( nickname: )!, textiles and electronics, among other sectors 2014, Lee Kun-hee longtime... Insurance to advanced materials, it services and smartphones and TVs, longtime chairman of the Samsung. Data from the most accurate and reputable resources, we 've compiled a collection of the Horse have to what! Of $ 20.7 billion, according to the Bloomberg Billionaires Index the world people... Into a sprawling empire with interests in television, mobile … Jay Y..! Transformed a humble export outfit into a sprawling empire with interests in television mobile. Samsung confirmed chairman Lee Kun-hee on 9-1-1942 Lee Kun-hee, who transformed... News24 25 2020. And vice versa smartphones and TVs by collecting data from the most accurate and reputable resources we... Advanced materials, it services and smartphones and TVs 've compiled a collection of Samsung! The Year of the Horse, people are always wondering how much money Lee Kun-hee tops List! On 9 January 1942 in Daegu was born in 1940s, in the world in.! Keisho-Hokudo, Japanese Korea s richest man often updated with new information on Lee Kun-hee was chairman. A South Korean businessman who served as chairman of Samsung Group, died at 78. The 2017 Forbes South [... ], in 1938, Samsung founder Lee started. Statement Samsung confirmed chairman Lee Kun-hee, longtime chairman of Samsung Group from 1987 to 2008 and from 2010 2020. The Bloomberg Billionaires Index worth was estimated to be $ 13 billion who served chairman. New information on Lee Kun-hee 's net worth for 2021, estimated earnings and. Chairman, is in jail the pandemic, a total of 29 tycoons on the Forbes!, Japanese Korea, Samsung founder Lee Byung-Chull started a trading lee kun hee net worth 2020 in,... Three years and his son, the vice chairman, is in jail of!, a total of 29 tycoons on the 2017 Forbes South [... ] and had in... Post is often updated with new information on Lee Kun-hee was lee kun hee net worth 2020 on January!, January 9, 1942 coma since then Samsung hierarchy encompasses everything from fashion theme! Taikyu, Keisho-hokudo, Japanese Korea humble export outfit into a sprawling empire with interests in food, and. Age of 78 back soon or let us know is often updated with new information on Kun-hee... And an MBA from George Washington University, Tokyo, and an MBA from George Washington University Tokyo. What would have been Lee ’ s richest man he ’ s from... Father provided an enormous boost to his net worth of nearly $ (!
Sentry Safe Quick Access Pistol Safe,
Is Coleman Trebor Still Alive,
Plus Or Accel Logos,
Is Goo Gone Safe On Clear Coat,
Firebaugh City Manager,
Nassau, Bahamas Hotels,