[BORN TO BE RICH] Samsung Group chairman Lee Kun-hee is the wealthiest individual in the age bracket of 70 years and older.
He is also the richest person in South Korea.
Samsung Group chairman Lee Kun-hee (right) and his son Jae-yong (left).
Lee’s assets are estimated at 12.27 trillion won (US$10.6 billion). His stocks are worth 11.33 trillion won, including shares in Samsung Life amounting to a 20.76 percent stake, Samsung SDS and Samsung Electronics.
Lee’s real estate is worth 938.9 billion won. He currently has up to 10 pieces of property registered with the government. They total some 6,272 square meters. The chairman also has land in Gyeonggi Province spanning some 8,712 square meters.
Lee is currently recovering from a heart attack he suffered in 2014. His only son Jae-yong is managing the company in his absence.
By Kim Ji-hyun (firstname.lastname@example.org)