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Lee Kun-Hee, who turned Samsung Electronics From a small appliance maker to the world’s largest memory chip, TV and smartphone maker, he passed away at the age of 78.
According to Bloomberg, “Lee passed away Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. He underwent surgery in 2014 after a heart attack and was treated for lung cancer in the late 1990s.
Lee, who told employees to ‘change everything except his wife and children’ during his push to foster innovation and challenge rivals like Sony Corp., was the richest person in South Korea. He had an estimated net worth of $ 20.7 billion, according to the Bloomberg Billionaires Index. Samsung, the largest of South Korea’s family industry groups, known as chaebol, has been run by its only son since the heart attack. “
“President Lee was a true visionary who transformed Samsung into the world leader in innovation and industrial powerhouse for a local company.“said the company.”His legacy will be eternal.“
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