The Net Worth Of Samsung

The Net Worth Of Samsung 2020

The Net Worth Of Samsung: Samsung is a multinational company located in the State of South Korea, in the city of Seoul. The company includes many of its subsidiaries, united under the Samsung brand, and the company is interested in the food industry, textiles, securities, electronics, industries, shipbuilding, and many others.

The company’s revenue accounts for 17% of the country’s revenue, for a total of $ 1082 billion.

Samsung Electronics is currently the largest manufacturer of computer screens in the world, and it is working on the manufacture of devices associated with digital networks such as home electronics, office, and corporate devices, mobile & computer devices. It also has research and innovation in several technological fields.

Founder:Lee Byung-Chul
Founded:1 March 1938 (82 years) in Daegu, Japanese Korea
Headquarters:Samsung Town, Seoul
Industry:Technology Hardware & Equipment
Net Worth:$278.7B ( November 2020)

The beginnings of Samsung

The company was founded in 1938 by Lee Byung-Chul, and the company has a strong influence on development, politics, media, and economic culture in South Korea.

Samsung means “three stars” in Korean, by which Byung intended the main principles for which he created his company:

  • To be great.
  • He must be strong.
  • To stay forever.

The company’s revenue accounts for 17% of the country’s revenue, for a total of $ 1082 billion.

At the beginning of its inception, it specialized in selling vegetables, fish, fruits, and sweets and exporting them to China, and with the beginning of 1969, Samsung began to enter the world of electronic industries, which is the field in which it specialized, to become one of the major companies in South Korea.

The company started making radios and transistors in 1969. In 1981 it started manufacturing the D-RAM system, where it ranked third in the world in manufacturing D-RAM systems.

In 1988, Samsung launched its first mobile phone for sale in the South Korean market.

As of writing these lines, the number of employees at Samsung is approximately 66,000 employees around the world, and it includes more than 25 production centers in the world, in addition to 59 sales branches in more than 46 countries.

Samsung was able to develop in the field of technology in a short period, to become one of the major global companies, in the field of electronics manufacturing so far.

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Samsung Group:

The Net Worth Of Samsung 2020

Samsung is known, or as many think, to manufacture televisions and mobile devices only, but did you know that the Samsung Group includes several major companies in many fields? These are some of them:

  • Samsung Electronics: specializes in manufacturing the devices that we use in our daily life, such as smartphones, televisions, and others. It is the largest company for the IT industry in the world.
  • Samsung Heavy Industries: The 2nd-largest manufacturer of ships in the world.
  • Samsung C&T Engineering & Construction Group: # 35 and # 72 in the list of major construction companies in the world!
  • Samsung Motors: the company from which French Renault bought 70% of its shares.

All this in addition to several other companies such as Samsung Insurance, Samsung Security, Shell Advertising Company, etc. !! …

After Lee’s death in 1987, Samsung was divided into four business groups: Samsung Group, Shinsegae Group, CJ Group, & Hansol Group.

Samsung founder:

The Korean company Samsung was founded in March 1938 by Korean businessman Lee Byung-Chul.

Lee Byung-Chul was born on February 2, 1910, in the South Korean province of Ryung. And he studied at Waseda University, Japan, where he did not complete his studies there.

He did not complete his studies due to the death of his father, so he started his work through a rice factory in Seoul and called it Samsung, which is the official logo of the Korean company Samsung, which means three stars.

Ee Byung-Chul began to develop his business and increase the company’s sales, so in 1945 the company began transporting goods from South Korea to other countries around the world, after which the first official branch of Samsung was established in Seoul in 1947.

In the early 1950s, Samsung became one of the most important Korean companies, as it became one of the top 10 companies in South Korea.

On November 19, 1987, Samsung founder Lee Byung-Chul died after a struggle with the disease, leaving a great technological legacy.

The net worth of Samsung founder Lee Byung-Chul was $ 21 billion at the time of his death, he was the richest person in South Korea.

The Net Worth Of Samsung:

In November 2020, the net worth of Samsung was more than $ 278.7B. This makes it the 8th most expensive brand in the world for 2020.

Samsung’s market value:

Samsung’s market value increased by 10.8%, to about $ 311 billion in 2020, according to the FnGuide Foundation, which specializes in market research.

Samsung profits:

During the year 2019, Samsung Electronics announced that the net worth of its profits decreased to about $ 4.4 billion, compared to 2018, it achieved a net profit of $ 7.12 billion, which shows that the decline that occurred was $ 2.72 billion, or up to 38.2%. Yonhap reported.

This is due to the effect of an extended slowdown in the memory chip sector.

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