Lee Kun-Hee

About Lee Kun-Hee:

Lee Kun-Hee was a South Korean businessman and the former chairman of Samsung Group, one of the largest conglomerates in South Korea. He was born on January 9, 1942, in Daegu, South Korea, and passed away on October 25, 2020, at the age of 78.

Lee was the third son of Lee Byung-chul, the founder of Samsung Group, and he inherited control of the company from his father in 1987. Under Lee's leadership, Samsung Group grew into a global powerhouse with a diverse range of businesses, including electronics, construction, shipbuilding, and finance.

Lee is credited with transforming Samsung into a world-class technology company, especially through the development of its mobile phone division. He was known for his emphasis on innovation, quality, and design, and his efforts helped to establish Samsung as one of the top smartphone manufacturers in the world.

During his tenure, Lee faced several legal challenges, including accusations of tax evasion and bribery. In 2008, he was convicted of tax evasion but was later pardoned by the South Korean government. He stepped down as chairman of Samsung Group in 2008 due to health issues, but remained involved in the company as chairman emeritus until his death in 2020.

Lee was considered one of the most influential business leaders in South Korea, and his impact on the country's economy and technology industry was significant. He was also known for his philanthropy, and his charitable donations included funding for education, medical research, and cultural institutions.

Lee Kun-Hee Net Worth:

Lee Kun-Hee's net worth at the time of his death in October 2020 was estimated to be around $20.9 billion USD, according to Forbes. However, his net worth could have fluctuated due to changes in the global economy, as well as any changes in the value of his assets and investments.

Lee's vast wealth was largely attributed to his ownership and control of Samsung Group, one of the largest conglomerates in South Korea, which encompasses a wide range of businesses including electronics, construction, shipbuilding, and finance. Under Lee's leadership, Samsung Group grew into a global powerhouse and was one of the most valuable companies in the world.

After Lee's death, his family inheritance tax bill was estimated to be around $10.8 billion USD, which led to rumors that the family would have to sell off some of their Samsung shares to pay the bill. However, Samsung stated that it would not be affected by the inheritance tax, and that the company had a contingency plan in place.

Lee Kun-Hee Net Worth in Rupees:

Lee Kun-Hee Education:

Lee Kun-Hee Life Style:

Lee Kun-Hee was known for his lavish lifestyle, and was often seen wearing designer suits and driving luxury cars. He was known to have a passion for collecting art, and reportedly had a private collection worth millions of dollars.

Lee also enjoyed sports, and was an avid golfer and horseback rider. He was a member of several prestigious golf clubs, including Augusta National Golf Club in the United States, where the annual Masters Tournament is held.

Despite his wealth and luxury lifestyle, Lee was also known for his philanthropy, and donated large sums of money to various causes throughout his life. He established the Samsung Foundation, which provides scholarships and supports medical research and cultural initiatives. He was also a supporter of the arts, and helped to establish the Leeum, Samsung Museum of Art in Seoul, South Korea.

Lee Kun-Hee Companies:

Lee Kun-Hee was best known for his leadership of Samsung Group, one of the largest conglomerates in South Korea and the world. The Samsung Group includes a wide range of businesses, including electronics, construction, shipbuilding, and finance.

Under Lee's leadership, Samsung became one of the most successful technology companies in the world, and is best known for its smartphones and other mobile devices. Lee played a key role in transforming Samsung from a small electronics manufacturer into a global technology powerhouse, and his leadership helped to establish Samsung as a leading innovator in the industry.

In addition to his role at Samsung, Lee was also involved in several other companies and organizations. He served as chairman of the Korea International Trade Association and the Federation of Korean Industries, and was a member of the International Olympic Committee.

Lee Kun-Hee Family Background:

Lee Kun-Hee was born into a wealthy family in South Korea. His father, Lee Byung-chul, was the founder of Samsung Group, and Lee Kun-Hee inherited the leadership of the company from his father.

Lee was married to Hong Ra-hee, a former curator at the National Museum of Contemporary Art in South Korea. They had a son, Lee Jae-yong, who is also known as Jay Y. Lee. Jay Y. Lee is currently the vice chairman of Samsung Group, and is widely expected to take over as the company's leader following his father's death.

Lee also had two daughters, Lee Boo-jin and Lee Seo-hyun. They are both involved in the management of Hotel Shilla, a luxury hotel chain owned by Samsung Group.

How Much Money Does Lee Kun-Hee Have:

Lee Kun-Hee was one of the richest people in South Korea, with an estimated net worth of around $20.9 billion at the time of his death in October 2020. However, his exact net worth at the time of his death may not be known, as much of his wealth was held in private trusts and is not publicly disclosed. His fortune was largely tied to his ownership stake in Samsung Group, which is worth billions of dollars.

Some Social Official Links of Lee Kun-Hee:

Official Website: https://www.samsung.com/us/about-us/our-business/