As Samsung Electronics shares have surged recently, Chair Lee Jae-yong's stock wealth has also surpassed 2 trillion won, according to estimates. This is the first time Lee's stock valuation based on the closing price has broken through 2 trillion won.

Samsung Electronics Chairman Lee Jae-yong. According to the Korea CXO Institute, as of the 10th his stock holdings surpass a value of 20 trillion won. /Courtesy of News1

Korea CXO Institute said on the 10th that the value of the shares Lee holds was estimated at 2.07178 trillion won.

The seven stocks Lee currently holds include Samsung Electronics, Samsung C&T, Samsung Life Insurance, Samsung SDS, Samsung E&A, Samsung Fire & Marine Insurance, and Samsung Electronics preferred.

The value of these stocks held by Lee grew from 1.19099 trillion won at the start of the year to 1.22312 trillion won as of the end of Mar. It expanded to 1.42852 trillion won as of 4th, when the Lee Jae-myung administration launched, reached 1.8 trillion won as of Sept. 11, the 100th day of the president's inauguration, and hit 1.90152 trillion won as of Sept. 16, continuing to grow in size.

It is the first time Chair Lee Jae-yong's stock wealth has surpassed 2 trillion won since he inherited the shares of the late Chair Lee Kun-hee. As of Apr. 30, 2021, Lee's stock value tallied by Korea CXO Institute stood at 1.56167 trillion won.

Value of Chairman Lee Jae-yong's stock holdings at Samsung Electronics as of the 10th, compiled by the Korea CXO Institute. /Courtesy of Korea CXO Institute

Behind the growth of Lee's stock wealth into the 2-trillion-won range are domestic stock market stimulus policies and a recent semiconductor rally that lifted share prices. Among the shares Lee holds, the value of Samsung Electronics, the largest by valuation, rose from 563.05 billion won as of Jun. 4 to 919.59 billion won as of the 10th of this month. The value climbed 63.3% in about four months.

The value of Samsung C&T shares he holds also rose 28.3% over the same period, from 534.62 billion won to 686.07 billion won. The value of Samsung Life Insurance shares climbed 47.1%, from 227.16 billion won to 334.07 billion won.

O Il-seon, head of Korea CXO Institute, said, "Attention is on when the late Chair Lee Kun-hee's personal peak stock valuation of 2.21542 trillion won, recorded on Dec. 9, 2020, will be broken," and added, "For this to become possible, the likelihood rises further if Samsung C&T, Samsung Life Insurance, and Samsung SDS share prices rise along with Samsung Electronics reaching 110,000–120,000 won."

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