Age, Biography and Wiki
Who is it? | Vice Chairman, Samsung Electronics |
Birth Day | June 23, 1968 |
Birth Place | Seoul, South Korea, South Korea |
Age | 55 YEARS OLD |
Birth Sign | Cancer |
Alma mater | Seoul National University Keio University Harvard Business School |
Occupation | Vice Chairman of Samsung |
Spouse(s) | Im Se-ryung 임세령 (in Korean) (m. 1997–2009) |
Children | Lee Ji-ho (이지호, son) Lee Won-ju (이원주, daughter) |
Parent(s) | Lee Kun-hee Hong Ra-hee |
Hangul | 이재용 |
Hanja | 李在鎔 |
Revised Romanization | I Jaeyong |
McCune–Reischauer | Yi Chaeyong |
Net worth: $7.9 Billion (2024)
Jay Y. Lee, widely recognized as the Vice Chairman of Samsung Electronics in South Korea, is a prominent figure in the business world. As of 2024, his impressive net worth is estimated to be around $7.9 billion. Lee has played a crucial role in leading Samsung's growth and diversification, making it a dominant force across various industries. His strategic decisions have driven the company's success and global recognition. With his continued dedication and involvement in driving innovation and technological advancements, Jay Y. Lee's net worth is poised to further increase in the coming years.
Biography/Timeline
Jae-yong started working for Samsung in 1991. He began serving as Vice President of Strategic Planning and then as "Chief Customer Officer", a management position created exclusively for Lee. His prospects for Future company leadership dimmed when his Father Kun-hee stepped down as Chairman due to tax evasion. In December 2009, however, his succession prospects revived when Lee became the Chief Operating Officer of Samsung Electronics. Since December 2012, he has been Vice Chairman of Samsung. He is one of the main shareholders of Samsung's financial services subsidiary, owning 11 percent of Samsung SDS.
He has one son and one daughter with his ex-wife Lim Se-ryung, whom he divorced in 2009. Lee enjoys golf and horseback riding.
Subsequent to his arrest, Samsung admitted to making contributions to two non-profit foundations allegedly controlled by Choi and her Germany-based firm, but denied such contributions were related to the 2015 merger. A spokesman for Samsung said: “We will do our best to ensure that the truth is revealed in Future court proceedings.” On February 28, 2017, the Wall Street Journal reported that "South Korean prosecutors said they would indict the Samsung conglomerate’s de facto leader Lee Jae-yong on charges of bribery and four other offenses." It was reported on August 7, 2017, that prosecutors demanded a twelve-year sentence for Lee. On August 25th, Lee Jae-yong was sentenced to 5 years in jail. He will now be in prison pending a trial in the appellate court.
In February 2018, Jay Y. Lee was freed from jail after a South Korean court suspended his five year jail term for bribing ex-president, Park Geun-hye.