Hong Ra-hee, the wife of the late Samsung Group Chairman Lee Kun-hee, has boosted her fortune to more than $7 billion after receiving billions of dollars in stocks in the much-awaited transfer of her husband¡¯s assets.
Hong, 75, inherited about 83 million shares in Samsung Electronics Co., making her the largest individual shareholder in the tech giant with a 2.3% stake, according to a filing last week. Hong is the richest woman in South Korea with a net worth of $7.4 billion as of Monday¡¯s stock-market close, according to the Bloomberg Billionaires Index.
It¡¯s another consequence of the massive passing of wealth after Lee¡¯s death, which saw his son Jay Y. cement control over the group after his holdings rose significantly in key affiliates. The late Lee¡¯s only son is worth $12.6 billion, according to the index, while his sisters Boo-jin and Seo-hyun saw their wealth swell to $5 billion and $4.4 billion, respectively.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.