#76

Jay Y. Lee

Korea 58 years old

Overview

Source of Wealth: Samsung
Industry: Technology
Residence: Seoul
Education: Keio University (Master of Business Administration)
Seoul National University (Bachelor of Arts/Science)
Marital Status: Divorced
Children: 2

Assets

Cheil Industries

35,689,000 shares @ -

-

028260-KR
Cheil Industries

-6,319,000 shares @ -

-

028260-KR
Samsung Electronics

97,552,000 shares @ -

-

005930-KR
Samsung Electronics

0 shares @ -

-

005930-KR
Samsung Engineering Co. Ltd.

3,024,000 shares @ -

-

028050-KR
Samsung Fire & Marine Insurance Co.

44,000 shares @ -

-

000810-KR
Samsung Life Insurance

20,880,000 shares @ -

-

032830-KR
Samsung SDS

7,119,000 shares @ -

-

018260-KR
Samsung SDS

-3,558,000 shares @ -

-

018260-KR

Biography

Jay Y. Lee is the executive chairman of Samsung Electronics and leader of the country's biggest conglomerate. He was appointed to the role in 2022, which had been left vacant since the death of his father in 2020.

In 2017, he was jailed for bribing a confidante of former President Park Geun-hye, but was released in 2018. In 2021, through a retrial, he was sentenced to two-and-a-half years in prison, and then received a presidential pardon in 2022.

In 2024, Lee was acquitted of stock manipulation charges related to a 2015 merger between two Samsung affiliates that prosecutors said helped Lee cement control of the Samsung conglomerate.

Lee and his family are in the process of paying 12 trillion won (about $8.5 billion) in inheritance taxes following the 2020 death of patriarch Lee Kun-hee.

About

He attended Harvard Business School but did not graduate as he was called back to Seoul amid his studies.

Lee was friends with Steve Jobs and attended his private memorial service at Stanford University in 2011.