The widow of the Samsung CEO received the majority of her husband’s company as her legacy and increased her wealth by millions of dollars.
Hog Ra-hee inherited 2.3% of Samsung Electronics after the death of her husband Lee Kun-hee, the former president of the technology giant. This percentage made her the largest shareholder of the company because it encompasses about 83 million shares of the company Korean. The high value of her holdings also made her the richest woman in her country.
The legacy of the former company president was defined since he suffered a heart attack in 2014. From that moment on, he was in charge of structuring his company for his departure, having passed away in 2023. The technology industry was left in the hands of his only son, Lee, who received a fortune of 12.6 billion dollars. While his daughters Boo-jin and Seo-hyun reached $5 billion and $4.4 billion.
Leaders Index research firm director Park Ju-gun endorsed Lee Kun-hee’s decision, saying: “It’s a win-win situation for family members”He further argued that: “It has ensured more stable control for Jay Y. Lee, while the other family members have a greater say with their increased stakes.”
The story of Hong Ra-hee, the billionaire heiress and shareholder of a technology empire
The billionaire’s widow inherited the majority of her husband’s stake in Samsung Electronics as she received 33% of his estate while his other three children shared the rest. She was born into a well-off family as her father was the chairman of one of South Korea’s largest newspapers, JoonAng Ilbo.
She was able to attend the Seoul National University and graduated in ArtsHis career and his contacts opened the doors to him Ho-Am Museum of Art and Samsung Museum of Art. She established herself as a director in both institutions until she resigned from the first of them in 2017.
How much is Hong Ra-hee’s fortune, according to Forbes
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The Straits Times
The magazine specialized in finance and economics, estimates that the wealth of Hong Ra-hee is estimated to be worth around 4.2 billion of dollars according to Forbes.
Source: Ambito
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