Lee Jae-yong (이재용; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the vice chairman of Samsung Group, serving as de facto head. He is the eldest child and only son of Lee Kun-hee, Chairman of Samsung, and is widely considered to be his father’s future successor. He is referred to as the “Crown Prince of Samsung” by the South Korean media, and speaks Korean, English and Japanese. Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea.
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.
In January 2017, Lee was accused “of bribery, embezzlement and perjury” by the South Korean prosecutor’s office. Although the arrest warrant was denied by a Seoul court in mid-January, after a month of investigation, he was arrested on the night of 16 February 2017.
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. Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea. 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.
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