Riding the wave of the global artificial intelligence boom, the founding family behind Samsung Electronics has seen a sharp rise in wealth over the past year.
The Lee family’s combined fortune grew to about $45.5 billion as of March, up from around $20.1 billion a year earlier, according to a global wealth index. This surge comes despite earlier concerns following the death of patriarch Lee Kun-hee in 2020, when the family faced a multi-billion-dollar inheritance tax and leadership challenges.
His son, Jay Y. Lee, had also faced legal issues, including jail time linked to a bribery case involving former President Park Geun-hye. At the time, there were doubts about the family’s ability to retain control of the conglomerate.
However, the recent semiconductor boom driven by AI demand has reversed that outlook. The family is now Asia’s 3rd richest, rising from 10th place last year. They are also nearing completion of a 12 trillion won ($8.1 billion) inheritance tax payment.
Samsung continues to dominate South Korea’s economy. The combined revenue of 7 key Samsung affiliates accounted for 19.3% of the country’s GDP in 2025, compared to 15.1% a decade ago. The company’s stock surged 126% last year, marking its strongest performance in over 20 years.
AI-led demand for advanced chips, especially memory used in data centres, has been a major growth driver. Samsung has also announced plans to invest over 110 trillion won in facilities, research, and development to strengthen its position in the AI semiconductor space.
Jay Y. Lee’s personal wealth rose to $26.9 billion, making him South Korea’s richest individual again. He has also become more visible globally, attending international visits and industry events.
Despite financial gains, concerns remain around corporate governance. Experts note that while reforms are underway, deeper structural changes may still be needed.
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