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Samsung Group Chairman Lee Kun-hee passed away on November 25, leaving behind a huge fortune.
Below is a summary of Mr. Lee Kun-hee’s fortune that Forbes said up to $ 20.9 billion and the expected inheritance tax.
Lee is the richest owner of shares in South Korea and has stakes in four Samsung companies, which are worth more than $ 16 billion as of November 23.
According to Reuters calculations, its shares include 4.18% common stock and 0.08% preferred stock of Samsung Electronics for a total of about 15 trillion won (more than $ 13 billion); 20.76% stake in Samsung Life Insurance worth 2.6 trillion won (over $ 2.9 billion); 2.88% stake in Samsung C&T worth approximately 564 billion won (over $ 481 million); and a 0.01% stake in Samsung SDS is worth approximately 1.67 billion won (more than $ 1.4 million).
Its two well-known homes in central Seoul are the most expensive homes in the country, with premises measuring more than 1,245 and more than 3,422 square meters, respectively. Yonhap reported earlier this year that they were valued at around 40.9 billion won (over $ 36 million) and 34.2 billion won (over $ 30 million).
Based on current estimates, the inheritance tax on the above stocks is expected to be approximately 10.6 trillion won (more than $ 9 billion).
Lee Jae-yong, the eldest son of billionaire Lee Kun-hee, has stakes totaling around 7.2 trillion won (over $ 6.3 billion) on six of the Samsung Group’s listed branches at close. November 23rd.
Daughters Lee Boo-jin, CEO of Silla Hotel, and Lee Seo-hyun, who heads the Samsung Foundation, each own about 1.6 trillion won shares in Samsung C&T and Samsung SDS. (more than $ 1.4 billion).
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