Lee Jae-yong (businessman)
| Lee Jae-yong | |
|---|---|
Lee attending a conference, 2016
|
|
| Born |
이재용 23 June 1968 Washington, D.C, United States |
| Alma mater |
Seoul National University Keio University Harvard Business School |
| Occupation | Vice Chairman of Samsung |
| Net worth |
 $7.9 billion USD (April 2015) |
| Spouse(s) | Im Se-ryung (1997-2009) |
| Children | Lee Ji-ho (이지호, son) Lee Won-ju (이원주, daughter) |
| Parent(s) |
Lee Kun-hee Hong Ra-hee |
| Korean name | |
| Hangul | 이재용 |
| Hanja | 李在鎔 |
| Revised Romanization | I Jaeyong |
| McCune–Reischauer | Yi Chaeyong |
Lee Jae-yong (이재용; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the vice chairman of Samsung Group, serving as de facto head. He is the eldest child and only son of Lee Kun-hee, Chairman of Samsung, and is widely considered to be his father's future successor. He is referred to as the "Crown Prince of Samsung" by the South Korean media, and speaks Korean, English and Japanese. Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea.
In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes Magazine's List of The World's Most Powerful People along with his father.
In January 2017, Lee was accused "of bribery, embezzlement and perjury" by the South Korean prosecutor's office. Although the arrest warrant was denied by a Seoul court in mid-January, after a month of investigation, he was arrested on the night of 16 February 2017.
Jae-yong was born in Washington, D.C. He received a degree in East Asian history at Seoul National University, and received his master's in business administration from Keio University. He has also attended Harvard Business School for about five years to pursue a Doctor of Business Administration degree, though he did not receive a degree.
Jae-yong started working for Samsung in 1991. He began serving as Vice President of Strategic Planning and then as "Chief Customer Officer", a management position created exclusively for Lee. His prospects for future company leadership dimmed when his father Kun-hee stepped down as Chairman due to tax evasion. In December 2009, however, his succession prospects revived when Lee became the Chief Operating Officer of Samsung Electronics. Since December 2012, he has been Vice Chairman of Samsung. He is one of the main shareholders of Samsung's financial services subsidiary, owning 11 percent of Samsung SDS.
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