Lee Jae-yong (businessman)

This is a Korean name; the family name is Lee.
Lee Jae-yong
Born 이재용
(1968-06-23) June 23, 1968
Washington D.C, United States[1]
Alma mater Seoul National University
Keio University
Harvard Business School
Occupation Vice Chairman of Samsung Electronics
Net worth Increase $7.9 billion USD (April 2015)[2]
Spouse(s) Im Se-ryung
(1997-2009)[3]
Children Lee Ji-ho (이지호) (son)
Lee Won-ju (이원주) (daughter)
(aged 12)[4]
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 as Jay Y. Lee is a South Korean business magnate and the vice chairman of Samsung. He is the eldest child and only son of Lee Kun-hee, Chairman of Samsung, and is widely considered to be the future successor to his father's position. He is referred to as the "Crown Prince of Samsung" by the South Korean media, and speaks Korean, English and Japanese.[5] Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea.[6]

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 Lee Kun-hee.[7]

Early life

Lee received a degree in East Asian history at Seoul National University,[8] 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.[9]

Samsung

Lee 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.[10] 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 Electronics. He is one of the main shareholders of Samsung's financial services subsidiary, owning 11 percent of Samsung SDS.[5]

Management style

He is known for his cold determination and polite, quiet demeanor. Lee is known to take time to reply personally to e-mails, and assumes a light-hearted attitude with reporters.[8]

Personal life

Lee is rarely seen in public and avoids publicity. He has three younger sisters, included Lee Boo-jin, Lee Seo-hyun and Lee Yoon-hyung†.[11] He has one son and one daughter with his ex-wife Im Se-ryung, whom he divorced in 2009.[6][8] Lee enjoys golf and horseback riding.[8]

References

External links

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