Samsung CEO Lee Jae-yong once again becomes South Korea's richest shareholder
Lee Jae-yong, Executive Chairman of Samsung Electronics, is the head of one of the largest companies in South Korea. In addition to leading the company, he has become the country's richest shareholder, once again ranking first among the wealthiest investors in South Korea.
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Lee's family has held this position for over a decade. Previously, it was held by his father, Lee Kun-hee, the former chairman of Samsung, who stepped down after his death. After that, the leadership was passed to Jay Yong Lee.
Despite being the richest shareholder in the country, Lee's fortune has been affected by the fall in Samsung's share price. Recently, the company's share price has fallen to its lowest level in four years, which has negatively affected his wealth. A few years ago, Lee became the richest man in South Korea after a sharp rise in the value of his shares, which added $3.5 billion to his fortune.
Lee's family holds several positions in the list of the country's richest people. In addition to Lee Jae-yong, they include his mother, the widow Lee Kun-hee, and his sisters Lee Bu-jin and Lee So-hyun. They have business interests in various industries, from hospitality to construction.
Today, Lee Jae-yong's net worth is 12.912 trillion won, or $8.7 billion.
Recently, Samsung invested $181 million in Rainbow Robotics to create new humanoid robots. e will allow Samsung to combine its advances in artificial intelligence with Rainbow Robotics' technical achievements in robotics.
Source: Chosun Biz
