Samsung's Lee leaves behind US$21 billion wealth for inheritance

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SEOUL: Lee Kun-hee, South Korea's richest person and chairman of Samsung Electronics, died on Sunday (Oct 25), leaving behind considerable assets ...

, leaving behind considerable assets subject to be potentially inherited by his surviving family as well as inheritance tax.

Here is a rundown of his net worth, which Forbes says amounts to US$20.9 billion, and expected inheritance tax.Lee was the wealthiest stock owner in South Korea, and had stakes in four listed Samsung companies valued at about 18.2 trillion won as of Friday's closing price.His stock ownership included 4.18 per cent of Samsung Electronics common shares and 0.08 per cent of preferred shares, worth about 15 trillion won in total; a 20.76 per cent stake in Samsung Life Insurance worth about 2.

The younger Lee has a 0.7 per cent stake in Samsung Electronics and a 17.3 per cent stake in Samsung C&T, the group's de facto holding firm. He also owns a 9.2 per cent stake in Samsung SDS, 1.5 per cent in Samsung Engineering, and less than 0.1 per cent of Samsung Life Insurance and Samsung Fire & Marine Insurance each, according to regulatory filings.

Daughters Lee Boo-jin, CEO of Hotel Shilla, and Lee Seo-hyun, who runs the Samsung Foundation, each own stakes in Samsung C&T and Samsung SDS worth about 1.6 trillion won.

 

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