Samsung Chairman lost $1.2bn in 2 days on Note 7 issue
Samsung Electronics Chairman Lee Kun-Hee, lost nearly $1.2 billion in two days after shares of the company fell 11% since Friday as US regulators urged users to switch off their Note 7 smartphones because of fire-prone batteries. However, Lee Kun-Hee still remains the richest man in South Korea with a fortune of $13.5 billion, according to the Bloomberg Billionaires Index.