Samsung chief again tops 31 Koreans on Forbes’ billionaire list

Lee Kun-hee, the chief of South Korea's top conglomerate Samsung Group, was the richest among 31 Koreans listed on Forbes' 2016 billionaire list, according to the U.S. magazine on Wednesday.

Lee, who has been hospitalized since May 2014 following a heart attack, slipped two spots from a year ago to 112th place, with his total net assets estimated at US$9.6 billion, the business magazine said.

Suh Kyung-bae, CEO of cosmetics maker AmorePacific Co., ranked second among Koreans with $7.7 billion in assets, moving up 37 places to 148th, it said.

Lee Jae-yong, Samsung Electronics' vice chairman and the heir apparent of Samsung Group, took 201st place with $6 billion in assets. He fell 16 spots as the tech giant suffered a drop in its stock price due to lackluster earnings from its mainstay handset business last year.

Chung Mong-koo, the chairman of Hyundai Motor Group, moved down 92 places to 351st as the world's fifth-largest automotive group grappled with weak demand amid the global economic slowdown.

Source: Yonhap

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