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Samsung Chairman Jay Y. Lee to Receive $1.9 Billion in Shares from Mother
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Moneycontrol•13-10-2026, 15:17
Samsung Chairman Jay Y. Lee to Receive $1.9 Billion in Shares from Mother
- •Samsung Electronics Chairman Jay Y. Lee is set to receive 11.16 million shares valued at about $1.9 billion from his mother, Hong Ra-hee.
- •The transaction is part of the founding family's ongoing reorganization of holdings following the death of former Chairman Lee Kun-hee in 2020.
- •The family recently completed paying a massive 12 trillion won inheritance tax liability through six installments over five years starting in 2021.
- •This transfer increases Jay Y. Lee's direct stake in Samsung Electronics to 1.75 percent.
Key Questions Answered
Samsung Electronics Chairman Jay Y. Lee is set to receive approximately 11.16 million shares valued at about 2.6 trillion won ($1.9 billion) from his mother, Hong Ra-hee, which will increase his stake to 1.75%.
The family opted to pay their roughly 12 trillion won inheritance tax bill in six instalments over five years starting in 2021, and completed these payments in April 2026.
Jay Y. Lee has served as executive chairman of Samsung Electronics since October 2022, when the company's board approved his appointment to succeed his late father.
