Billionaire Lee Jae-yong is buying $1.4 billion of Samsung stock from his own mother
Billionaires Africa | 11.09.2026 05:50
Lee Jae-yong, the executive chairman of Samsung Electronics and South Korea's richest person, will buy about 1.9 trillion won of the company's shares from his mother, Hong Ra-hee, in a private transaction that lifts his personal stake and gives her cash to clear debts left over from the largest inheritance tax bill in the country's history.
