Lee Myung-hee: Lee Myung-hee Net Worth, Biography, Age, Spouse, Children & More

About Lee Myung-hee

Lee Myung-hee, a prominent South Korean business icon and the chairwoman of Shinsegae Group, renowned for transforming it into the country's second-largest retail empire, was born on September 5, 1943, in Uiryeong County. Hailing from an influential lineage as the youngest daughter of Samsung Group's founder, Lee Byung-chul, and sister to the late Lee Kun-Hee, former Samsung chairman, she has etched her mark in the business world. Ascending to the helm of Shinsegae in 1997 post its detachment from Samsung, Lee's strategic vision burgeoned the group's prowess, amassing an estimated net worth of $840 million. Her significant contributions and leadership prowess earned her the 20th spot on Forbes' 2017 list of 50 Richest Koreans, reflecting her stature as a colossal figure in South Korea’s corporate landscape.

Born

September 05, 1943 in Uiryeong, South Gyeongsang Province, South Korea

Age

82 years

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

South Korea

Residence

Seoul

Education

Bachelor of Arts/Science, Ewha Womans University

Spouse

Chung Jae-eun

Children

2, including Chung Yong-jin

Parent

Lee Byung-chul

Lee Myung-hee was born on September 5, 1943, in Uiryeong County, South Korea. She is the youngest daughter of Lee Byung-chul, the founder of the Samsung Group, and the sister of the former late chairman of Samsung, Lee Kun-Hee.

Lee Myung-hee: Family

Lee Myung-hee is married to Chung Jae-eun, an engineer who served as president of Samsung Electronics and is currently the honorary chairman of Shinsegae Group. They have two children together.

Lee Myung-hee: Career Highlights

Lee Myung-hee began her career as a sales executive at Shinsegae Department Store in 1979 after ten years of being a homemaker. She rose through the ranks and eventually became the chairwoman of Shinsegae in 1997 following the company's separation from Samsung.

Lee Myung-hee: Companies

Lee Myung-hee is the chairwoman of Shinsegae Group, South Korea's second-largest retailer. The group operates various businesses, including department stores, supermarkets, discount stores, and online shopping platforms.

Lee Myung-hee: Major Achievements

Lee Myung-hee is credited for growing Shinsegae into South Korea's second-largest retailer. She has also been recognized for her contributions to the South Korean economy and her philanthropic efforts.

Lee Myung-hee: Awards & Achievements

Lee Myung-hee has received numerous awards and recognitions for her achievements, including the Order of Industrial Service Merit from the South Korean government and the Forbes Asia Businesswoman of the Year award in 2017.

Lee Myung-hee: Personal Life & Legacy

Lee Myung-hee is known for her strong work ethic and dedication to her company. She is also known for her philanthropic efforts, particularly in the areas of education and healthcare.

Lee Myung-hee: Trivia

Lee Myung-hee is an avid art collector and has a personal collection of over 1,000 pieces of art. She is also a supporter of the arts and has established several art foundations and museums.

Wealth History

Timeline

September 5, 1943

Lee Myung-hee is born in Uiryeong County, South Korea.

1979

Lee Myung-hee becomes a sales executive at Shinsegae Department Store.

1997

Lee Myung-hee becomes chairwoman of Shinsegae after its separation from Samsung.

2017

Lee Myung-hee is ranked 20th on Forbes 2017 list of 50 Richest Koreans.

Lee Myung-hee : FAQs

What is Lee Myung-hee's net worth?

As of 2019, Lee Myung-hee's net worth was $1.60 billion.

What are Lee Myung-hee's main sources of wealth?

Lee Myung-hee's main source of income comes from Retail.

In which industry does Lee Myung-hee primarily operate?

Lee Myung-hee is primarily involved in the Fashion & Retail industry.

What is Lee Myung-hee educational background?

Lee Myung-hee holds a Bachelor of Arts/Science from Ewha Womans University.

How old is Lee Myung-hee?

Lee Myung-hee is 82 years old.

How many children does Lee Myung-hee have?

Lee Myung-hee has 2 children.

Who is Lee Myung-hee and what is her role in Shinsegae Group?

Lee Myung-hee is a South Korean business magnate who serves as the chairwoman of the Shinsegae Group, one of South Korea's largest retail companies.

What is Lee Myung-hee's connection to Samsung Group?

Lee Myung-hee is the youngest daughter of Lee Byung-chul, the founder of the Samsung Group, making her a key figure in two of South Korea's largest conglomerates. She is also the sister of the former late chairman of Samsung, Lee Kun-Hee.

How did Lee Myung-hee contribute to Shinsegae's success?

Lee Myung-hee is credited with transforming Shinsegae into South Korea's second-largest retailer after assuming the role of chairwoman in 1997, focusing on expansion and innovation within the company.