Lee Jay-hyun
Seoul, South Korea
Bachelor of Arts/Science, Korea University
South Korea
CJ Corporation
food products, entertainment
$1,300,000,000
1511
#26 Korea's 50 Richest 2019
#1511 Billionaires 2019
Lee Jay-hyun is chairman of the CJ Group, a conglomerate that operates the country's largest food and beverage company, CJ Cheiljedang.In 2014, Lee Jay-hyun was convicted and sentenced to two and a half years in jail on embezzlement and tax evasion charges. In 2016, he was pardoned by then president Park Geun-hye and returned to his post in May 2017. Lee is the eldest grandson of the late Samsung founder Lee Byung-chull; CJ officially separated from Samsung in 1997.
His CJ Group began as a sugar mill and boosted domestic sugar production just after the end of the Korean War.In 1995, CJ paid $300 million for an 11% stake in the Steven Spielberg production vehicle Dreamworks SKG.
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