As cited News24xxc.com from Korea News, the chairman of Samsung Electronics Co, Lee Kun-hee, died on Sunday, Oct. 25, 2020.
South Korea’s richest person leaving behind assets subject. Forbes says amounts to $20.9 billion (S$28 billion), and to be potentially inherited by his surviving family as well as inheritance tax.
So, here is a rundown of his net worth :
- Had stakes in four listed Samsung companies valued at about 18.2 trillion won (S$21 billion)
Lee was the wealthiest stock owner in South Korea and his stock ownership included :
- 4.18 percent of Samsung Electronics common shares
- 0.08 percent of preferred shares, worth about 15 trillion won
- 20.76 percent stake in Samsung Life Insurance worth about 2.6 trillion won
- 2.88 percent stake in Samsung C&T worth about 564 billion won
- 0.01 percent stake in Samsung SDS worth about 1.67 billion won
- The priciest individual homes in South Korea
His two known houses in central Seoul are with a ground area of 1,245.1 and 3,422.9 square meters.
They were valued at about 40.9 billion won and 34.2 billion won.
- The inheritance tax for the stocks is expected to be around 10.6 trillion won
According to a Reuters calculation, Jay Y. Lee, de facto heir to the elder Lee, has stakes worth a total of about 7.2 trillion won in six of Samsung Group’s listed affiliates as of Friday’s closing.
Jay Y Lee also has :
- 0.7 percent stake in Samsung Electronics
- 17.3 percent stake in Samsung C&T
- 9.2 percent stake in Samsung SDS
- 1.5 percent in Samsung Engineering
- 0.1 percent of Samsung Life Insurance and Samsung Fire & Marine Insurance
The daughter of Lee Kun-hee named Lee Boo-jin, CEO of Hotel Shilla, and Lee Seo-hyun, who runs the Samsung Foundation, each own stakes in Samsung C&T and Samsung SDS worth about 1.6 trillion won.