Lee Myung-Hee

About Lee Myung-Hee

Who is it?: Shinsegae
Birth Day: September 05, 1943
Birth Place: Seoul, South Korea, South Korea
Birth Sign: Libra
Alma mater: Ewha Womans University
Occupation: Chairman of Shinsegae Group
Spouse(s): Chung Jae-eun
Children: 2 including Chung Yong-jin
Parent(s): Lee Byung-chul Park Du-eul
Hangul: 이명희
Hanja: 李明熙
Revised Romanization: Lee Myeonghui
McCune–Reischauer: I Myŏnghŭi

Lee Myung-Hee Net Worth

Lee Myung-Hee was bornon September 05, 1943 in Seoul, South Korea, South Korea, is Shinsegae. Chairwoman of Shinsegae Group, Lee Myung-Hee is the youngest daughter of late founder of Samsung Group, Lee Byung-Chull, and the sister of Samsung Chairman Lee Kun-Hee. Samsung owned Shinsegae until the two separated in 1991. The group, which began in 1955 with the Donghwa department store, has diversified into fashion, hospitality (Chosun hotels in partnership with Westin), food and beverage and other sectors. Spun off as a public company in 1996, Shinsegae International imports and distributes around 30 premium brands, including Armani, Dolce & Gabbana and Givenchy. It also manufactures and distributes its own fashion labels (VOV, G-Cut and Tomboy) and markets household and consumer goods under the brand name Jaju as well as the Vidi Vici cosmetics line. The majority of her wealth comes from E-Mart, which the chaebol took public in 2011 and is now the country's biggest discount-store chain.
Lee Myung-Hee is a member of Fashion and Retail

💰 Net worth: $2 Billion (Updated at 22 June 2018)

2009 $1 Billion
2010 $1.4 Billion
2011 $1.6 Billion
2012 $1.6 Billion
2013 $1.5 Billion
2014 $1.7 Billion
2015 $1.4 Billion
2016 $1.1 Billion
2017 $1.3 Billion
2018 $1.97 Billion

Some Lee Myung-Hee images

Biography/Timeline

1979

Lee was born in Uiryeong County to Samsung founder Lee Byung-chul and his first wife Park Du-eul as the youngest of eight children. She attended Ewha Girls' High School and then majored in art at Ewha Womans University before marrying. After ten years of being a homemaker she became a sales executive at Shinsegae Department Store in 1979 and then its Chairwoman in 1997 after the company was separated from Samsung.

2006

During her time as chairwoman Lee has been fined on three separate occasions. The first was in 2006 for 350 billion won ($300 million) after she hid 800 billion wons worth of stock under different names. In 2012 by the Fair Trade Commission fined Lee 4 billion won ($3.4 million) for charging different transaction fees. Then in 2015 she was fined 70 billion won for hiding 380,000 company shares worth 80 billion won ($68 million) under different names.