Lee Kun-Hee Net Worth
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. Born in Uiryeong, South Korea, Lee Kun-Hee graduated from Waseda University in Japan, and attended business school at George Washington University briefly. He is the CEO of Samsung Group, a massive South Korean conglomerate, most widely recognized for its very successful electronics division. It was his decision to focus on cutting-edge technology in the 90s, that grew Samsung Electronics into the world's largest flat screen and semiconductor producer. The company also has an increasingly successful mobile phone arm. In addition to his work at Samsung, he also sits on the International Olympic Committee, and was the driving force behind bringing the 2018 Olympics to South Korea. He was involved in the Samsung "Slush Fund Scandal" in 2008, and resigned. He returned to the position of CEO in 2010. He inherited the company from his grandfather, who founded Samsung Group, and has placed his children and their spouses in positions of power all over the company.
Net Worth details: Lee Kun Hee owns a 4.3 percent stake in Samsung Electronics, and his wife owns another 0.8 percent. Lee is also the owner of 21 percent of Samsung Life Insurance and 2.9 percent owner of the Samsung C&T holding company. His residential property in Seoul is valued at about $10 million and was purchased in 2005.