Korean businessmanLee Jay Hyun comes with an estimated net worth of $1.7 billion as of April 2013 according to Forbes. This 53-year old businessman is a graduate of Korea University. Forbes reported that Lee Jay-Hyun is now married with four kids. He’s known to be the grandson of Samsung’s late creator. CJ Group separated from Samsung in 1997 and through time, CJ Group developed into the largest food processor in Korea which later enlarged into pharmaceuticals, media, home shopping, logistics and entertainment. Among its notable subsidiary companies includeCJ Entertainmentwhich is known as as thelargest film distributor and investor in Korea,CJ CGVwhich is hailed as Korea’slargest multiplex theatre chain, andMnet Media. Through time, CJ Group has made several acquisitions which include businesses like Wonhyeong Industrial CO,Korea Express, OnMedia,Dongryp Industrial Corp., Yongin Hog Farm,Accord Express, CJ Consortium, CJ Internet,Hanil Pharmaceuticals Ind,Shin Dong Bang Corp., Dongyang Jedang andMipung Industrial CO.This South Korean conglomerate business manages through its numerous subsidiary companies worldwide.