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On this page, you can check out information on Samsung net worth, history, assets, income, PE ratio, liabilities, net income, total employees, and much more. Not just in Asia but also globally, Samsung is one of the biggest corporations.
Samsung has a net worth of around $500. In 1938, Samsung was established with 40 employees. Samsung is short of three stars.
The majority of the trade in noodles was carried out by Samsung, which did not begin as a technology business but as a trading company.
The majority of you are familiar with Samsung as an electronics manufacturer, but Samsung also produces guns. In the 1960s, Samsung began producing electrical items. Its initial offering was TV.
As we’ve already mentioned, Samsung employs more than five million people worldwide. Another significant fact is that Samsung is thought to be among the largest real estate firms in South Korea.
By the way, Samsung engineers developed the Burj Khalifa, the most recognizable building in the world. Samsung is acknowledged as a South Korean national corporation.
Samsung Net Worth
The estimated $550 billion value of Samsung’s net worth has already been mentioned. According to some reports, Samsung has an annual revenue of over $250 billion. This lists Samsung as one of the top ten global corporations.
A total of $293 billion in revenue was generated in 2020. By the way, Samsung also takes part in the biggest oil and gas project in the world. Samsung is the world’s largest manufacturer of smartphones, as was already mentioned.
With three million and 30,000 different patents, Samsung is one of the firms with the most patents in the world. One of the biggest software firms in the world is thought to be Samsung.
Not only in South Korea but also throughout Asia, Samsung is among the top ten largest corporations. Follow us to stay informed on the lives of celebrities.
This is because Samsung works to bring in the most foreign exchange for South Korea. Samsung’s Galaxy line is the best-selling smartphone series in the world right now.
Samsung now manufactures the top-selling feature phone. Samsung created the first CDMA phone in the world.
| Net Worth | $500 Billion |
| Name | Samsung Electronics |
| Net Worth In Indian Rupees | Rs. 37.90 Lakh Crore |
| Salary | $236 Billion + |
| Date of Birth | January 13, 1969 |
| Profession | Electronics company |
| Nationality | South Korea |
About Samsung
| Name | Samsung Electronics |
| Native appellation | 삼성전자 주식회사 (Samsung Electronics Co., Ltd.) |
| Net Worth 2022 | $500 Billion |
| Net Worth in Indian Rupees | Rs. 37.90 Lakh Crore |
| Net income 2021 | $22,420 Million |
| Revenue | 279.6 lakh crores KRW (2021) |
| Total Assets | US$325 billion (FY 21) |
| PE Ratio | 14.22 |
| Founder: | Lee Byung-Chul |
| CEO | Kim Hyun Suk (23 Mar 2018–), Kim Ki Nam (23 Mar 2018–), Koh Dong-Jin (23 Mar 2018–) |
| Headquarters: | Samsung Digital City, Samsungno 129, Maetan-dong |
| Founded | 13 January 1969, Suwon-si, South Korea |
| Total employees | 287,439 |
| Official Website | Samsung.com |
Samsung’s Subsidiary Companies
- Samsung Biologics
- Cheil Worldwide
- Samsung C&T Corporation
- Samsung Life Insurance
- Samsung Electro-Mechanics
- Samsung SDS
- Samsung Engineering
- Samsung Securities Co.Ltd.
- Samsung Fire & Marine Insurance
- Samsung Heavy Industries
- Joyent
- Cheil Industries
- Samsung Sports
- Samsung Capital
- Samsung iMarketKorea
- Samsung Machine Tools
- Ace Digitech
- Samsung Everland
Samsung Brand Products
- Electronics
- Mobiles & Accessories
- Cameras & Accessories
- Washing Machines
- TV’s
- Consumer Electronics
- Home Appliances
- Air Conditioners
- Refrigerators
- Tablets
- Technology
- Semiconductors
Inception
On January 19, 1969, Samsung Electric Industries was founded in Suwon, South Korea, as the company’s industrial division. The public in South Korea at the time knew Samsung Group as a trading firm with a focus on fertilizers and sweeteners.
Samsung Group improved its position in the manufacturing industry by working with Japanese companies, despite its lack of technology and resources, which left it behind even its domestic rivals.
This decision sparked a significant amount of anti-Japanese public outcry and significant backlash from the competitors who feared the Japanese would completely subordinate the industry.
Only after the government and Samsung announced that the business would only concentrate on exports, was the plan able to gain traction.
As an amateur in the electronics industry, Lee Byung-Chul, the founder of Samsung, benefited from the advice of Toshio Iue, the inventor of Sanyo.
In December of that same year, Samsung Electric, Sanyo, and Sumitomo Corporation formed a joint venture known as Samsung-Sanyo Electric. This was Samsung Electronics’ immediate forerunner.
Early products produced by the joint venture included electrical and electronic appliances such as televisions, calculators, refrigerators, and washing machines.
To produce home appliances and audiovisual equipment, Samsung founded the joint venture Samsung-NEC in 1970 with the NEC Corporation and Sumitomo Corporation of Japan.
The group’s display and battery business unit, Samsung-NEC, later changed its name to Samsung SDI.
Samsung-Sanyo Parts, the forerunner of Samsung Electro-Mechanics, was founded in 1973 by Samsung and Sanyo. Samsung Electric produced more than 10 million monochrome televisions by 1981.
In 1974, Samsung Group entered the semiconductor industry by purchasing Korea Semiconductor, which was on the verge of bankruptcy and was building one of the country’s first chip-making facilities at the time.
Soon after, Korea Telecommunications, a Samsung Group firm that makes electronic switching systems, took over the semiconductor industry and changed its name to Samsung Semiconductor & Communications.
In a statement later known as the “Tokyo declaration,” made in February 1983, Lee announced that Samsung intended to start selling dynamic random-access memory (DRAM) with the support of the board of the Samsung industry and business.
Samsung declared the successful development of a 64 kb DRAM one year later, narrowing the technology gap between first-world firms and the fledgling electronics manufacturer from more than a decade to roughly four years.
Samsung utilized technologies that were purchased from Sharp Corporation of Japan for its SRAM and ROM and Micron Technology of the United States for the creation of DRAM.
In order to become Samsung Electronics, Samsung Electric Industries and Samsung Semiconductor & Communications united in 1988. Prior to that, the two companies did not exist as a single entity or as a major firm, although they were not competitors and had been in talks to join for some time.
Samsung sold personal computers under the Leading Technology name throughout the 1980s and early 1990s. But Samsung made the equipment, and many of the FCC filings from that time talk about Samsung products.
Consumer difficulties [1988–1995 ]
Samsung Electronics introduced its first cell phone to the South Korean market in 1988. Despite initially weak sales, Motorola had amassed a market share of over 60% of the nation’s mobile phone market by the early 1990s, compared to Samsung’s meager 10% share.
Up until the middle of the 1990s, Samsung’s mobile phone division also had trouble with poor-quality phones, and the company often talked about leaving the market.
Component manufacturing and design strategy[ 1995–2008]
Lee Kun-Hee came to the conclusion that Samsung needed to alter its approach. The company decided to focus on designing and producing components and investing in innovative technologies for other businesses rather than continuing to produce several underperforming product lines.
Additionally, Samsung presented a 10-year plan to shed its reputation as a “cheap brand” and contend with Sony as the top producer of consumer electronics worldwide.
It was believed that by doing this, Samsung would learn how things are created and provide a technological edge in the future. For Samsung in the late 2000s, this painstaking vertical integration strategy of component production paid off.
When he proclaimed 1996 as the “Year of Design Revolution” at Samsung, Chairman Lee launched a complementary brand leadership strategy.
His goal was to make Samsung’s design capabilities a competitive advantage and turn the business into the world leader in brand design.
However, this initiative called for significant adjustments to the corporate culture, procedures, and systems.
By the end of the 1990s, Samsung had built a portfolio of award-winning product designs by integrating a thorough design management system and strategy into the company’s culture. This gave the brand a huge boost in value.
Samsung developed a plan to sponsor significant sporting events as it moved away from consumer markets. One such sponsorship was for the Nagano, Japan, Winter Olympics in 1998.
As a corporation, Samsung Group was able to use its resources to invest in and develop new technology as opposed to producing products at a scale that would negatively affect Samsung’s bottom line.
Samsung made a lot of technological advances that are now found in the majority of modern electrical products, particularly in the area of memory.
Among them are the first 64 MB of DRAM in the world in 1992, the 256 MB of DRAM in 1994, and the 1 GB of DRAM in 1996.
The first 8GB NAND flash memory chip was created by Samsung in 2004, and an agreement for its production was reached with Apple in 2005.
In 2005, Apple and Samsung signed a deal for Samsung to sell Apple memory chips. As of October 2013, Samsung was still a major supplier of Apple parts, making the A7 processors that are in the iPhone 5S.
Present: Recent developments [2008]
Between 2000 and 2003, Samsung had a net profit of more than 5%, even though 16 of the top 30 South Korean companies had already gone out of business because of the terrible economic crisis.
Interbrand says that in 2005, Samsung Electronics passed its Japanese competitor Sony to become the twentieth largest and most well-known consumer brand in the world.
Samsung Electronics overtook Motorola to take over as the second-largest mobile phone maker in the world in 2007. In 2009, Samsung surpassed Hewlett-Packard to become the largest technology company in the world by sales, with total revenues of US$117.4 billion.
The company was penalized in 2009 and 2010 by the US and EU for participating in a price-fixing conspiracy that took place between 1999 and 2002, together with eight other memory chip manufacturers. Infineon Technologies, Elpida Memory, and Micron Technology were among the other businesses that received fines.
In December 2010, the EU gave Samsung Electronics immunity for its role as an informant during the investigation. The company’s information led LG Display, AU Optronics, Chimei InnoLux, Chunghwa Picture Tubes, and HannStar Display to join the investigation.
Samsung, along with its chairman, Lee Kun-hee, has earned a reputation for uncertainty surrounding its financial health and the possibility of upcoming problems despite its continued expansion.
The future of Samsung Electronics is not certain, according to Kun-hee, who returned from a short retirement in March 2010 and said, “Most of our flagship products will be obsolete 10 years from now.”
The company’s ambitious target is for its yearly revenues to reach $400 billion within ten years. The business operates 24 R&D centers globally, and since the early 2000s and in Vision 2020, Samsung has placed a strong emphasis on technical R&D.
But the huge number of online complaints shows that the company doesn’t do a good job of taking customer feedback into account when making its technology and software.
Samsung Electronics sold Seagate Technology its commercial HDD operations for about US $1.4 billion in April 2011.
The payment consisted of 45.2 million Seagate shares (9.6 percent of the company’s shares), valued at US$687.5 million, and the remaining amount was paid in cash.
In May 2013, Samsung announced that it had finally been able to test fifth-generation (5G) technology with faster speeds.
The Galaxy S4, the next smartphone in Samsung Electronics’ line of Galaxy S series devices, went on sale in April 2013.
The Galaxy S4 was released as an upgrade to the best-selling Galaxy S III. It was sold in several overseas markets with the Exynos CPU from the manufacturer.
Samsung Electronics estimated lower-than-anticipated earnings for the April to June quarter in July 2013.
Samsung Electronics predicted an operating profit of 9.5 trillion won (equivalent to 9.98 trillion won or US$8.83 billion in 2017), which was lower than analysts’ expectations of roughly 10.1 trillion won.
In the same month, Samsung paid an estimated $30 million for Boxee, a company that makes devices for streaming videos.
Shin Jong-Kyun, the head of Samsung’s mobile division, told the Korea Times on September 11 that the company would expand its operations there to better compete with Apple in the Chinese market.
The Samsung official also said that a 64-bit smartphone will be released to compete with Apple’s iPhone 5s, which came out in September 2013 and has an ARM-based A7 CPU.
Samsung posted record earnings in the third quarter of 2013 thanks to the sales of smartphones, particularly cheaper handsets in nations like China and India.
Samsung Electronics publicly apologized for using refurbished parts from less expensive desktop computers to fix higher-end products on October 14, 2013, after the company’s unethical business practices were exposed the day before by MBC TV’s current affairs program.
The operating profit for this period increased to about 10.1 trillion (equivalent to 10.61 trillion or US$9.38 billion in 2017), a figure that was boosted by memory chip sales to customers like Apple, Inc.
Barnes & Noble revealed in February of that year that a new Nook color tablet was going to be introduced in 2014.
Barnes & Noble and Samsung, a pioneer in Android-based tablets, announced in June 2014 that they would collaborate to create co-branded color tablets with the Samsung Galaxy Tab 4 Nook.
The tablets would combine Samsung hardware, such as a 7-inch display, with specially adapted Nook software.
In August 2014, sales of the first Galaxy Tab 4 Nook would start in the US, with Nook concentrating on the software and content and Samsung concentrating on the hardware.
According to the product specifications provided by Samsung, the Samsung Galaxy Tab 4 Nook will be designed for a lower market tier and will have fewer expensive features than the premium quality enhanced eReaders released in 2012 (the NOOK HD and HD+, which “had screens and CPUs comparable to the best mid-level and premium tablets”) (Android 4.4.2 KitKat on a 1.2 GHz quad-core Snapdragon CPU with 1.5GB RAM, Wifi, and Bluetooth, as well as a 1.2MP front-
As a result of the 86th Academy Awards ceremony (held on March 4, 2014), and as a result of host Ellen DeGeneres’ use of a Samsung Galaxy Note smartphone in a group selfie that went viral online, the company gave US$3 million to two charities DeGeneres had chosen.
The official Samsung statement explained:” We desired to contribute to Ellen’s preferred charities, St Jude’s and the Humane Society. Samsung will give each charity 1.5 million dollars. “
The Kindle for Samsung app, which allows Galaxy device users with Android 4.0 and up to buy and read content from Amazon’s catalog of periodicals and ebooks; and the free book service Samsung Book Deals, which will allow users of the co-branded app to choose one free ebook per month from a selection provided by Amazon, were both announced by Samsung on April 17. Samsung announced it would be closing its ebook store as of July 1st.
The Associated Press mentioned the following when reporting on Barnes & Noble’s June 5, 2014, statement that it would collaborate with Samsung to create Nook tablets.
Revenue history for Samsung
The most recent financial reports that Samsung has released indicate that the company’s current revenue (TTM) is $250.21 B.
The company’s sales for the year 2021 were $236 billion, which is an increase from the previous year’s revenue of $203.43 billion.
The total amount of income that is generated by a firm as a result of the sale of products or services is referred to as “revenue.” In contrast to earnings, there is no deduction for expenses.
| Year | Revenue |
| 2022 (TTM) | $250.21 B |
| 2021 | $236 B |
| 2020 | $203.43 B |
| 2019 | $198.03 B |
| 2018 | $221.67 B |
| 2017 | $214.57 B |
| 2016 | $175.51 B |
| 2015 | $174.66 B |
| 2014 | $195.22 B |
| 2013 | $210.86 B |
| 2012 | $184.22 B |
| 2011 | $146.43 B |
| 2010 | $133.94 B |
| 2009 | $113.64 B |
| 2008 | $104.33 B |
| 2007 | $106.73 B |
Conclusion
Since its inception in 1938, Samsung had doggedly risen its head in the global market to be among the richest companies in the world. Little wonder Samsung net worth keeps increasing every year which has increased to $500 million. In essence, every organization can learn a thing or two from them.
Frequently Asked Question
Is the Samsung brand owned by an American?No. Despite the fact that the Samsung brand can be found in almost every country, the company itself is owned by South Koreans. |
Between Apple and Samsung which is better?Both are one of a kind and are guided by fundamentally different ideals, visions, and principles in their daily lives. |
What is the net worth of Samsung?In the year 2022, it is anticipated that Samsung’s net worth will amount to $500 million: |
Is Samsung a trillion-dollar company?Today, Samsung Electronics released its financial results for the third quarter of 2022, which concluded on September 30. Despite the hard business climate, total consolidated sales for the third quarter reached an all-time high of KRW 76.78 trillion, setting a new record. On the other hand, operating profit fell by 23% from the previous quarter to KRW 10.85 trillion. |