Lee Myung-Hee
Fashion and Retail

Lee Myung-Hee Net Worth

1 month ago

Lee Myung-Hee is the chairwoman of Shinsegae Group, a South Korean conglomerate founded in 1955 by her late father, Lee Byung-Chull. Shinsegae has diversified into fashion, hospitality, food and beverage, and other sectors, and is now a public company. It imports and distributes premium brands, manufactures and distributes its own fashion labels, and markets household and consumer goods. Lee Myung-Hee's wealth is largely derived from E-Mart, the country's largest discount-store chain.
Lee Myung-Hee is a member of Fashion and Retail

Age, Biography and Wiki

Who is it? Shinsegae
Birth Day September 05, 1943
Birth Place Seoul, South Korea, South Korea
Age 79 YEARS OLD
Birth Sign Libra
Alma mater Ewha Womans University
Occupation Chairman of Shinsegae Group
Spouse(s) Chung Jae-eun
Children 2 including Chung Yong-jin
Parent(s) Lee Byung-chul Park Du-eul
Hangul 이명희
Hanja 李明熙
Revised Romanization Lee Myeonghui
McCune–Reischauer I Myŏnghŭi

💰 Net worth: $840 Million (2024)

Lee Myung-Hee, widely recognized as the leading figure behind the retail giant Shinsegae in South Korea, is projected to reach a remarkable net worth of $840 million by 2024. As the chairwoman of Shinsegae Group, one of the country's biggest conglomerates, Lee has exhibited exceptional business acumen and leadership skills. Under her guidance, Shinsegae has flourished, expanding into various industries such as department stores, discount stores, and e-commerce. Lee's unwavering dedication and astute decision-making have undoubtedly contributed to her immense success, solidifying her status as a prominent businesswoman in South Korea.

2009 $1 Billion
2010 $1.4 Billion
2011 $1.6 Billion
2012 $1.6 Billion
2013 $1.5 Billion
2014 $1.7 Billion
2015 $1.4 Billion
2016 $1.1 Billion
2017 $1.3 Billion
2018 $1.97 Billion

Biography/Timeline

1979

Lee was born in Uiryeong County to Samsung founder Lee Byung-chul and his first wife Park Du-eul as the youngest of eight children. She attended Ewha Girls' High School and then majored in art at Ewha Womans University before marrying. After ten years of being a homemaker she became a sales executive at Shinsegae Department Store in 1979 and then its Chairwoman in 1997 after the company was separated from Samsung.

2006

During her time as chairwoman Lee has been fined on three separate occasions. The first was in 2006 for 350 billion won ($300 million) after she hid 800 billion wons worth of stock under different names. In 2012 by the Fair Trade Commission fined Lee 4 billion won ($3.4 million) for charging different transaction fees. Then in 2015 she was fined 70 billion won for hiding 380,000 company shares worth 80 billion won ($68 million) under different names.

Some Lee Myung-Hee images

Tags 1943 births Living people South Korean billionaires Female billionaires Ewha Womans University alumni Samsung people People from South Gyeongsang Province South Korean women in business 20th-century South Korean businesspeople 21st-century South Korean businesspeople

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.