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Out of Bloomberg’s Top 100 Billionaires List
Samsung Group Chairman
Out of Bloomberg’s Top 100 Billionaires List
  • By matthew
  • August 27, 2013, 06:03
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Lee Kun-hee, chairman of Samsung Group.
Lee Kun-hee, chairman of Samsung Group.

 

It has been found that Samsung Group Chairman Lee Kun-hee has been pushed out of the Bloomberg Billionaires Index. 

According to Bloomberg, his net asset size reached approximately US$10.2 billion on August 26, ranking 107th on the list updated every business day. The chairman had joined the top 100 last year for the first time and ranked between 80th and 100th until recently. However, he has been out of the top 100 since July 3 as Samsung Electronics’ stock price has been on the decline. 

As of August 23, the chairman’s assets were divided into US$5.8 billion in Samsung Electronics, US$3.82 billion in Samsung Life Insurance, US$425 million in other assets including dividends and contributions, US$105.79 million in Samsung C&T, US$10.3 million in his residence in Itaewon, and US$9.61 million in Samsung Electronics preferred shares. The total has decreased by about US$1.2 billion when compared to the end of last year.

In 2012, he increased his assets by US$3.4 billion, the 41st-highest among the 100 billionaires. However, things have become worse for him as Samsung Electronics’ stock price has plummeted 14.91% this year alone.