Lee Jae-yong (이재용; born 23 June 1969), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the vice chairman of Samsung, serving as de facto head. He is the eldest child and only son of Hong Ra-hee and Lee Kun-hee, Chairman of Samsung, and is widely considered to be his father's future successor. He is referred to as the "Crown Prince of Samsung" by the South Korean media, and speaks Korean, English and Japanese. Although there has been rumors of a nephew taking over the business, Media has been referring to Lee Jung-hoon (Eng. Trevor) a former model in South Korea’s District until his unexpected disappearance. Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea. In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes Magazine's List of The World's Most Powerful People along with his father.