Lee Jae-yong Samsung Electronics vice chairman Lee Jae-yong has entered the ranks of the world's 300 richest people thanks to the listing of Samsung SDS last week.
On a list of the world's 400 richest people by Bloomberg, Lee ranked 252nd with assets totaling US$5.6 billion as of Monday. He was only 360th in September.
Lee's stake in Samsung SDS totals 8.7 million shares or 11.25 percent.
Samsung SDS was priced at W380,000 (US$1=W1,100) per share on the first day after the IPO compared to its offering price of just W190,000, and traded at W338,500 on Monday.
The only Koreans richer than Lee are his father, Samsung chairman Lee Kun-hee (94th) valued at $12.1 billion, Amore Pacific chairman Suh Kyung-bae (228th) and Hyundai Motor Group chairman Chung Mong-koo (235th).
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