Lee Myung-Hee Net Worth
| Category | Information |
|---|---|
| Net Worth | $1.6 billion |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | Female |
| Height | N/A |
| Profession | Businesswoman |
| Nationality | South Korean |
Highlights
Lee Myung-Hee, the current Chairman of the retail giant Shinsegae, is widely regarded as the wealthiest woman in South Korea. With a net worth of $1.6 billion, she has successfully steered the company to great heights.
Early Life
Lee Myung-Hee was born in South Korea, but detailed information about her birthdate and birthplace is not available.
Career
Lee Myung-Hee started her career at Samsung, the tech giant founded by her late father, Lee Byung-Chul. After graduating from Ihwa Women’s University, she joined the company and eventually became an influential figure within the organization.
In the early 1990s, Shinsegae, along with the Hansol Group, Saehan Group, and CJ Group, separated from the Samsung group. Lee Myung-Hee played a crucial role in this strategic move. Over time, Shinsegae established itself as a prominent department store franchise in South Korea.
In recent years, Shinsegae has expanded its operations by acquiring the Seoul Express Bus Terminal and announcing future development plans. Despite spinning off its discount chain, E-mart, Lee Myung-Hee still retains a 17.3% stake in the company.
Personal Life
Lee Myung-Hee is married to Chung Jae-Eun, who was previously the honorary chairman of Shinsegae. They have two children together. In 2006, Chung Jae-Eun transferred his shares to their children and paid $350 million in donation tax.
Net Worth Over Time
Lee Myung-Hee’s net worth has consistently remained at an impressive $1.6 billion. As a result of her successful career and strategic business decisions, she has managed to build a substantial fortune.
Components of Net Worth
Lee Myung-Hee’s net worth primarily stems from her significant ownership in Shinsegae. Her 17.3% stake in the company, along with other investments and assets, contribute to her overall wealth.
In conclusion, Lee Myung-Hee, the current Chairman of Shinsegae, is one of the wealthiest women in South Korea with a net worth of $1.6 billion. She has had a remarkable career, starting at Samsung and eventually leading Shinsegae to great success. With her strategic decisions and business acumen, she has not only secured her financial position but also made a significant impact on the retail industry in South Korea.