JAY Y. Lee’s net worth

JY Lee's net worth: $7.9 Billion

South Korean Business Magnate Lee Jae-Yong is professionally known in the western world as Jay Y. Lee. People best know him as the vice-chairman of Samsung Group and the only son of Samsung Chairman Lee Kun-hee and South Korean billionaire businesswoman/philanthropist Hona Ra-hee. People also know him as the apparent heir of Samsung. His well-known nickname is “Crown Prince of Samsung”. Lee's current estimated net worth is $7.9 Billion. Reportedly, he owns 11 percent of Samsung SDS, a subsidiary of Samsung Group.

Powerful Korean and Samsung

Lee, who is the eldest child and only son of Lee Kun-hee, is also the third richest person in South Korea. As of 2017, he ranks as the 4oth most powerful person on Forbes Magazine's List of The World's Most Powerful People. Nevertheless, the Samsung protagonist is famous for his cold determination, polite/quiet demeanor, strong leadership, and strong strategic alliances. Jae stepped his foot on Samsung in the year 1991 after attending Howard for his business doctorate degree. The keen businessman initially served as Vice President of Strategic Planning and later handled the position of “Chief Customer Officer”. In 2009, he started serving as the Chief Operating Officer of Samsung Electronics. Since 2012, he has been operating the corporation as its Vice Chairman. Currently,  Lee Jae-young is serving as the de-facto head of the company. In 2017, Jae-young also got arrested when the South Korean prosecutors' office accused him of "bribery, embezzlement, and prejury." Furthermore, the National Assembly also impeached the South Koren president Park Geun-hye because of the controversy. Nevertheless, the prosecutors also charged her political aide Choi Soon-sil for intervening with state affairs and forcing chaebols to donate tens of millions of dollars to self-controlled foundations and businesses. Lee Jae-yong was born on June 23 in 1968 in Washington, D.C, United States. Lee graduated in  East Asian History from Seoul National University and has studied East Asian history. Later, he gained his master degree in business administration from Keio University. Nevertheless, Lee is famous for avoiding publicity and his anti-social life.  His ex-wife name is Lim Se-ryung. Lee and Lim went through a divorce in 2009. They have one son and one daughter.