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Samsung Electronics Chairman Lee Jae-yong’s stock wealth surged past 19 trillion won on Sept. 16, driven by gains in Samsung Electronics and Samsung C&T shares. / Source: Yonhap News

Samsung Electronics Chairman Lee Jae-yong’s stock holdings have surpassed 19 trillion won ($13.8 billion), edging closer to the 20 trillion won mark as shares in Samsung Electronics and Samsung C&T surged in recent sessions.

According to the Korea CXO Institute on Tuesday, Lee holds stakes in seven Samsung affiliates, including Samsung Electronics, Samsung C&T, Samsung Life, Samsung SDS, Samsung E&A, Samsung Fire & Marine, and Samsung Electronics preferred shares. As of Sept. 16, the total market value of his holdings stood at 19.015 trillion won, up sharply from 18.1 trillion won just five days earlier.

The bulk of the increase came from Samsung Electronics. Lee’s stake was valued at 7.73 trillion won on Sept. 16, compared with 7.15 trillion won on Sept. 11, an 8.2% jump equivalent to more than 580 billion won. Shares of Samsung Electronics rose from 73,400 won to 79,400 won during the same period.

Samsung C&T also added momentum, with Lee’s holdings rising from 6.32 trillion won to 6.64 trillion won in just three trading days, thanks to a 5% gain in the stock. Samsung SDS added another 220 billion won to his portfolio.

Since Sept. 11, when President Lee Jae-myung marked his 100th day in office, the value of Lee Jae-yong’s stock assets has grown by more than 900 billion won.

“With only about 5% left to reach 20 trillion won, the key question is whether Lee’s stock wealth will surpass the milestone before the Chuseok holiday, or later this year,” said Oh Il-sun, head of the Korea CXO Institute.