Samsung Chairman Lee Lost $1.2 Billion in Two Days: Chart
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As the week began, the fortune of Lee Kun-Hee had never been greater, with shares of Samsung Electronics at an all-time high. A two-day tumble in Seoul has now erased $1.2 billion from the chairman’s net worth, according to the Bloomberg Billionaires Index. On Tuesday, Samsung took the dramatic step of ending production of its problematic Galaxy Note 7 smartphones.