⬅ # 221 Suleiman Kerimov|# 223 Victoria Mars

# 222 Lee Jae-yong 

$10.2B

Real Time Net Worth
as of 5/27/2024
$99.8M (0.98%)

# 222 Lee Jae-yong 

$10.2B

Real Time Net Worth
as of 5/27/2024
$99.8M (0.98%)
OccupationChair, Samsung Electronics
Source of WealthSamsung
Age55
ResidenceSeoul, South Korea
Marital StatusDivorced
Children2
EducationMBA, Keio University; BS, Seoul National University
Age-Adjusted Net Worth$14.3B
Lee Jae-yong
Lee Jae-yong
South Korea
Net worth: $10.2B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Lee Jae-yong (anglicized as Jay Y. Lee) was born on June 23, 1968 in Seoul, South Korea
Attended Kyungbock High School.
Obtained Bachelor of Arts degree in East Asian history from Seoul National University.
Earned Master of Business Administration degree from Keio University.
Attended Harvard Business School for about five years but did not graduate.
Fluent in Korean, English, and Japanese.

Career at Samsung

Started working for Samsung in 1991.
Served as Vice President of Strategic Planning and then as 'Chief Customer Officer'.
Became the chief operating officer of Samsung Electronics in December 2009.
Promoted to vice chairman of Samsung in December 2012.
Owns 11 percent of Samsung SDS.
Described as groomed to take over the family firm.

Management Style

Known for 'cold' determination and polite, quiet demeanor.
Personally replies to emails and interacts with reporters in a light-hearted manner.
Retained title as Samsung's 'Vice-Chairman' despite not drawing a salary or being registered as an executive.

Criminal Conviction and Pardon

Accused of bribery, embezzlement, and perjury in January 2017.
Formally indicted and arrested in February 2017.
Found guilty on charges in August 2017, sentenced to five years in prison.
Sentence reduced to 2.5 years in February 2018, released after one year.
Sentenced to two years and six months in prison in January 2021.
Granted parole in August 2021 and released from prison.
Received a presidential pardon in August 2022.

2021 Drug Conviction

Convicted for illegally using the drug propofol multiple times between 2015 and 2020.
Sentenced to pay a fine of 70 million won (US$60,055).

Personal Life

Married to Lim Se-ryung; they have two children, Lee Ji-ho (born 2000) and Lee Won-joo (born 2004).
Lim Se-ryung is the Vice Chairwoman of Daesang group.
Filed for divorce from Lee Jae-yong in 2009.

How long would it take you to become as rich as Lee Jae-yong?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Lee Jae-yong's net worth of $10.2B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

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Lee Jae-yong is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Lee Jae-yong, Samsung is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey