Entertainment
Celebrity Then And Now
Publication: RidiculouslyExtraordinary.
Posted by Ryan Neal
760a631d0dea2ae92cb6e9f7b157b927
Entertainment
Celebrity Then And Now
Publication: RidiculouslyExtraordinary. Posted by Ryan Neal
760a631d0dea2ae92cb6e9f7b157b927
Lee Seo-Hyun

Famous For:
Daughter of Samsung Chairman Lee Kun-Hee
Birthdate:
September 20, 1973
Famous Years:
2015-Present
Currently Known For:
Billionaire Working in Fashion Industry
Networth:
$1.5 Billion
Lee Seo-Hyun



  Famous For:
Daughter of Samsung Chairman Lee Kun-Hee

  Birthdate:
September 20, 1973

  Famous Years:
2015-Present



  Currently Known For:
Billionaire Working in Fashion Industry

  Networth:
$1.5 Billion


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If you want to get a glimpse of the global billionaires within the country of South Korea, you don’t have to look much further than the Samsung Group. Best known for developing electronics such as mobile phones and televisions, Samsung’s reach goes well beyond that. Part of the Samsung Group is the C&T (construction and trading) Corporation that includes many different ventures. Among them is fashion, where you’ll find Lee Seo-Hyun in charge, joining her family’s business to become a billionaire.

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Seo-Hyun was born on September 20, 1973 to her mother Hong Ra-hee and father Lee Kun-hee. Kun-hee joined Samsung more than 50 years ago, working his way up through the company. Eventually, he’d take over as the company’s chairman after his father Lee Byung-chul, the founder of Samsung, passed away. At the time, Samsung had been struggling mightily, but in the 1990s saw a resurgence thanks to Kun-hee’s leadership.

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Seo-Hyun grew up with three siblings, including current Samsung Group Vice Chairman Lee Jae-yong and sisters Lee Boo-jin and Lee Yoon-hyung. Sadly, the youngest daughter Yoon-hyung took her own life in 2005 after being set as a millionaire thanks to the family business. Seo-Hyun didn’t initially go into the family business, instead opting to continue her education outside of South Korea.

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Traveling to New York City, Seo-Hyun attended to Parsons School of Design. It was there that she showed that she wanted a career in fashion, and graduated from the school, joining Samsung as a member of the Cheil Industries department in 2002. Since then, Seo-Hyun has gotten married, and now has four children.

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In the most recent listing of the world’s billionaires, Seo-Hyun was listed as having a net worth estimated to be a whopping $1.5 billion. This put her into the top 25 of the richest people in all of South Korea, joining many on the list that became billionaires because of Samsung. Seo-Hyun herself was in the top 1,400 in terms of overall wealth in the entire world as a result, as well as one of the world’s richest women. Her net worth has varied through recent years, including topping out over $2 billion at one point in 2015.

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The biggest reason why Seo-Hyun saw her net worth skyrocket during that time was because she moved up the ladder at Samsung. In the same year that she was worth more than $2 billion, Seo-Hyun took over for the fashion division for Samsung, after the branch of the company had been losing money. It wasn’t going to be an easy task for Seo-Hyun, as she was given a five year window in which to turn the fashion divison’s fortune around, multiplying their revenue several times over.

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Some of the biggest successes that Seo-Hyun has had within Samsung come from designing certain brands that have caught on. This includes the Bean Pole brand, as well as Nonagon. She’s overseen several acquisitions that have helped to expand Samsung’s fashion business, making her a rising star amongst the world’s billionaires at 45 years old. Having been with the company since her late 20s, Seo-Hyun appears to be set to take over a lot of responsibility, as well as more money down the line.

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Her father, Kun-hee, has an estimated net worth of more than $70 billion by himself, making him one of the world’s richest people and the patriarch of one of the richest families on Earth. Kun-hee would leave Samsung in 2008, though, saying that his company has caused trouble to their native South Korea, taking responsibility for these claims. A little less than two years later, however, Kun-hee would return as the chairman for the electronics division of Samsung.

Many of the family members that have either joined Samsung or remained in the family have become billionaires as a result, and Seo-Hyun is no exception. Other notable billionaires from Samsung make up for a lot of the list that ranks the richest in South Korea, including Lee Myung-hee, Lee Boo-jin and Hong Ra-hee. Boo-jin, Seo-Hyun’s sister, is currently in charge of running the Hotel Shilla chain, and operates a theme park owned by Samsung. All of his children are believed to work very important positions at Samsung to boost their net worth as he begins to transfer power within the company.

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Some have pondered whether Seo-Hyun will be up to the task at taking over the chairperson role within Samsung, though it appears that the position will be filled for many years by her older brother Lee Jae-yong, who’s also known as Jay Y. Lee. He’s served as the company’s vice chairman with many saying that the 50 year old is in charge. We’ve seen some shifting within executive positions at Samsung in the past, though, so Seo-Hyun receiving more promotions isn’t out of the question.

With Samsung being a very family-oriented business, expect to see more of Seo-Hyun down the road. This includes seeing her rise in the list of world’s richest people, as the money that her father will leave behind will surely be split up amongst those that have worked in the family company for a good portion of their lives.


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