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    Home»Equities»Samsung heir to be richest stockholder in South Korea
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    Samsung heir to be richest stockholder in South Korea

    Finance KhabarBy Finance KhabarNovember 2, 2020No Comments1 Min Read
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    Seoul: Lee Kun-hee, Samsung Electronics chairman and chief of South Korea’s top conglomerate Samsung Group, died on October 25 at age 78, more than six years after being hospitalized for a heart attack.

    The late Samsung chairman has been the country’s richest stockholder for the past 10 years, with his stock value reaching 17.7 trillion won ($15.6 billion), according to FnGuide.

    The younger Lee captured the No 2 spot with 7.3 trillion won, followed by former Hyundai Motor Group Chairman Chung Mong-koo with 4.5 trillion won.

    FnGuide forecast Jae-yong would become the richest stockholder in Asia’s fourth-largest economy with his stock value reaching 11.3 trillion won after inheriting his share of wealth from the late Samsung chairman.

    Hong Ra-hee, the wife of the deceased tycoon, would see her stock value soar to 9.1 trillion won from 3.1 trillion won, becoming the second-richest person in the country, it said. Hong currently ranks fifth in the country’s stock-rich rankings.

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