Comatose Samsung Chairman's Stock Value Soars
11 September, 2019
The value of stocks held by comatose Samsung chairman Lee Kun-hee rose by W2.5 trillion over the last five years due to a huge rise in value of Samsung Electronics, in which he owns a 4.18 percent share (US$1=W1,192).
But his son and heir Lee Jae-yong's stock value decreased by 2.4 trillion over the same period as Samsung C&T, the conglomerate's de facto holding company, dropped sharply, and he is its largest shareholder.
Lee Kun-hee remains the richest shareholder among 497 members of the top 51 families who own large companies with a stock value of 14.87 trillion as of last Friday, according to market researcher CEO Score.
Lee Jae-yong ranked second with W6.25 trillion, followed by Hyundai Motor chairman Chung Mong-koo with W4.29 trillion, Kyobo Life Insurance chairman Shin Chang-jae with W3.95 trillion and Amore Pacific chairman Suh Kyung-bae with W3.6 trillion.
Next are Celltrion chairman Seo Jung-jin (W3.18 trillion), Hyundai vice chairman Chung Eui-sun (W2.86 trillion), SK chairman Chey Tae-won (W2.64 trillion) and Lee Kun-hee’s wife Hong Ra-hee (W2.51 trillion).
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