The net worth of top business leaders is typically tied to their publicly traded company's stock price. They hold a large number of shares in their companies so their net worth fluctuates on paper when the stock price goes up or down. Samsung Electronics' stock price has been on an absolute tear this year after a pretty unremarkable 2024, and that has helped push the net worth of its chairman Jay Y. Lee beyond $14 billion for the first time. Investors finally remember that Samsung's a great companyThe Korea CXO Research Institute highlights that the net worth of Samsung Electronics Chairman Jay Y. Lee has crossed 20 trillion won or $14 billion for the first time. This is driven primarily by his significant holdings in Samsung Electronics, as well as holdings in other Samsung group companies, including Samsung SDS and C&T.The primary reason for the increase in the Samsung boss net worth is the meteoric rise in Samsung Electronics' stock price. The company's shares are up nearly 74% this year and are on their way to making fresh all-time highs, indicating a strong bullish sentiment from investors. Investors had soured on the stock by mid-2024 as the company faced a multitude of challenges to its core businesses. The foundry was losing billions of dollars, prices for legacy memory chip products were down, and the high-bandwidth deal with NVIDIA remained elusive. A sharp rise in DRAM prices will now help Samsung post its highest Q3 profit since 2022. It has inked a $16.5 billion chipmaking agreement with Tesla and other deals are expected to follow which would put Samsung's idle capacity on advanced nodes to use. Samsung has also reportedly clinched the HBM deal with NVIDIA which would further add to its profitability. All of these factors seem to have reminded investors that Samsung is still a great company that's fully capable of navigating market challenges to come out on top. That's why they've been pouring into the stock, helping lift the net worth of everyone who invests in it.The post Samsung boss net worth crosses $14 billion as the stock goes on an absolute tear appeared first on SamMobile.