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THE INVESTOR
August 01, 2021

The Boardroom

Richest 40-something: Lee Jae-yong

  • PUBLISHED :June 22, 2016 - 15:09
  • UPDATED :June 22, 2016 - 15:42
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[BORN TO BE RICH] Samsung Electronics vice chairman Lee Jae-yong, 48, is the richest South Korean in the age bracket of 40 to 49 years.

Lee, who is also South Korea’s third-wealthiest person, has a fortune worth 6.35 trillion won (US$548.82 billion) including listed stocks and real estate.

Samsung C&T shares made up the bulk of Lee’s assets. Following a merger between the firm and Cheil Industries in 2015, his stake in Samsung C&T stood at 17.8 percent worth 3.92 trillion won.


Samsung Electronics vice chairman Lee Jae-yong.

   
Lee also owns a 9.2 percent stake in Samsung SDS and a 0.58 percent stake in Samsung Electronics. Combined, the stocks are worth 2.36 trillion won.

His shares in Samsung Fire & Marine Insurance, Samsung Life Insurance and Samsung Engineering are altogether worth 528.6 billion won.

Lee’s real estate assets are worth more than 12 billion won. For instance, his Itaewon-dong home has an appraised value of 7.32 billion won as of this year.

His second home, located in Hannam-dong, is priced at 4.68 billion won.

If placed on the market, these homes could fetch more, as their market values will be higher than the government-appraised prices.

By Kim Ji-hyun (jemmie@heraldcorp.com)

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