⁍ Lee Kun-hee, South Korea’s richest person and chairman of Samsung Electronics Co, died on Sunday.

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⁍ Lee was the wealthiest stock owner in South Korea, and had stakes in four listed Samsung companies.

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⁍ His two known houses in central Seoul are the priciest individual homes in the country.

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– South Korea’s richest man has died at the age of 89, leaving behind a fortune estimated by Forbes at $20.9 billion. Lee Kun-hee, chairman of Samsung Electronics and a member of South Korea’s richest family, had stakes in four listed Samsung companies valued at about $16.1 billion as of Friday’s closing price, Reuters reports. His stock ownership included 4.18% of Samsung Electronics common shares and 0.08% of preferred shares, worth about 15 trillion won; a 20.76% stake in Samsung Life Insurance worth about 2.6 trillion won; a 2.88% stake in Samsung C&T worth about 564 billion won; and a 0.01% stake in Samsung SDS worth about 1.67 billion won, according to Reuters calculations based on Fair Trade Commission data. His two known houses in central Seoul are the priciest individual homes in the country, with ground area of 1,245.1 and 3,422.9 square meters, respectively. They were valued at about 40.9 billion won and 34.2 billion won, Yonhap news agency reported earlier this year. According to South Korean tax rules, before applying the country’s 50% inheritance tax rate on listed stocks, a 20% premium is added to the appraisal value of the deceased person’s holdings, which will be based on the four-month average of the shares’ closing market price before and after the death. On current estimates, the inheritance tax for the above stocks alone is expected to be around 10.6 trillion won.