Chairman Lee Jaeyong Records 38.7 Trillion Won, 20 Trillion Won in Samsung Electronics Alone
Combined Stock Assets of Four Samsung Family Members Exceed 86 Trillion Won
Honorary Chairman Chung Mongkoo Joins the "10 Trillion Won Club" for the First Time
The stock assets of Lee Jaeyong, chairman of Samsung Electronics, are on the verge of surpassing 40 trillion won. As the KOSPI heads toward the 6000 level, the combined stock assets of Hyundai Motor Group’s honorary chairman Chung Mongkoo and chairman Chung Euisun have also exceeded 20 trillion won, and the stock valuations of the heads of major conglomerates in Korea are hitting all-time highs.
Lee Jaeyong, chairman of Samsung Electronics, is speaking on stage at NVIDIA's GeForce 25th anniversary event for its graphics card (GPU) at COEX in Seoul on October 30 last year. Yonhap News
According to the Korea CXO Institute on the 26th, as of the previous day, Chairman Lee’s stock valuation came to 38.7738 trillion won. This represents an increase of more than 8 trillion won in about a month since it entered the 30 trillion won range on January 21, leaving only 3.1% to go before reaching the 40 trillion won mark.
The increase in Chairman Lee’s wealth has been driven by the rise in Samsung Electronics’ share price. Chairman Lee holds 97,414,196 shares of Samsung Electronics. Based on the closing price of 203,500 won per common share that day, the value of his stake in Samsung Electronics was estimated at 19.8237 trillion won. If the share price exceeds 205,400 won, Samsung Electronics alone will set a 20 trillion won record as a single stock. In addition, it was found that his holdings in major affiliates such as Samsung C&T (12.384 trillion won), Samsung Life Insurance (5.1363 trillion won), and Samsung SDS (1.2721 trillion won) each exceed 1 trillion won in stock value.
Chairman Lee holds shares in a total of seven stocks: Samsung Electronics, Samsung C&T, Samsung Life Insurance, Samsung SDS, SAMSUNG E&A, Samsung Fire & Marine Insurance, and Samsung Electronics preferred shares.
Even when compared with the market capitalization of listed companies in Korea, Chairman Lee’s total stock assets rank around 23rd in the country, exceeding the market capitalization of major conglomerates such as Hana Financial Group (35.069 trillion won) and POSCO Holdings (32.8992 trillion won).
The stock assets of the three Samsung family women are also all in the 10 trillion won range: Hong Rahee, honorary director of Leeum Museum of Art (17.9 trillion won), Lee Boojin, president of Hotel Shilla (16.1 trillion won), and Lee Seo-hyun, president of Samsung C&T (13.9 trillion won). Including Chairman Lee, the combined stock assets of the four Samsung family members amount to 86.8146 trillion won, a level that corresponds to the top 30 stock-rich individuals worldwide.
The stock assets of Chung Mongkoo, honorary chairman of Hyundai Motor, have also reached 10.3024 trillion won, allowing him to join the “10 trillion won club” for the first time, backed by the recent surge in Hyundai Motor’s share price. Chairman Chung Euisun’s stock value has also reached 9.9973 trillion won, nearing 10 trillion won. The combined stock valuation of the father and son stands at 20.2998 trillion won, up more than 60% from the beginning of the year.
Currently, there are seven individual shareholders whose stock assets exceed 10 trillion won: Chairman Lee and the three Samsung family members, Seo Jungjin, chairman of Celltrion (16.7 trillion won), Cho Jeongho, chairman of Meritz Financial Group (13 trillion won), and honorary chairman Chung. If Chairman Chung formally joins the list, the total will rise to eight.
Oilseon, head of the Korea CXO Institute, analyzed, “Chairman Lee will soon set new records by surpassing 20 trillion won in valuation for a single stock and breaking through the combined 40 trillion won mark,” adding, “When the combined stock valuation of the four Samsung family members surpasses 100 trillion won will also be a key point of interest.”
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